AMC Theatres Reports Revenue Decline Amid Fewer Blockbuster Releases

The cinema chain faced a net loss in Q3 2024 despite strong performances from select films and increased concessions spending.

AMC's third-quarter revenue was $1.35 billion, down 4.1% from the previous year, with attendance falling by 11.5%.
The company reported a net loss of $20.7 million, a significant swing from a net profit of $12.3 million in Q3 2023.
Despite the revenue drop, AMC saw record per patron concessions spending, reaching $8.49 in the U.S.
CEO Adam Aron expressed optimism for the future, citing an impressive upcoming movie slate and expected industry-wide box office growth.
AMC's stock price fell over 5% in extended trading, continuing its volatile performance since its meme stock surge in 2021.