AMC Theatres Reports Q2 Losses Due to 2023 Strikes, Sees June Recovery

Theater chain's revenue dropped 31% as delayed releases impacted early 2024, but box office gains in June signal a positive trend.

AMC's Q2 revenue fell to $1.03 billion, down from $1.35 billion the previous year.
The company posted a net loss of $32.8 million, compared to an $8.6 million profit in Q2 2023.
CEO Adam Aron attributed the losses to the 2023 actors and writers strikes, which delayed film releases.
June saw a significant increase in daily revenues, indicating a rebound in theater attendance.
Upcoming releases in the second half of 2024 are expected to further boost AMC's financial performance.