AMC Theatres Reports Mixed Q1 Results Amid Ongoing Industry Challenges

Despite a slight revenue decline and a narrowed net loss, AMC faces a tough Q2 forecast due to past strikes impacting movie releases.

AMC's first-quarter revenue slightly fell to $951.4 million from $954.4 million year-over-year, narrowly beating analyst expectations.
Net losses improved, shrinking to $163.5 million from $235.5 million, as blockbuster releases like 'Dune 2' and 'Kung Fu Panda 4' bolstered earnings.
The company reduced its debt by $17.5 million through equity swaps and raised additional capital through share sales.
Attendance dropped by 2.1% to 46.6 million, reflecting the broader challenges in the film industry due to previous strikes.
CEO Adam Aron emphasized upcoming improvements with a promising film lineup for 2025 and 2026, despite current adversities.