AMC Beats Revenue Estimates on Strong Premium Screen Demand
AMC Entertainment reported first-quarter revenue of $1.05 billion, beating estimates. The company saw high demand for premium formats and a strong film slate.
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AMC Entertainment Holdings Inc reported first-quarter revenue of $1.05 billion, beating analyst estimates of $968.5 million on strong premium format demand. The theater chain's shares rose over 2% in late evening trading following the results. Investors are rewarding the shift toward high-margin screen formats as the global box office continues its post-pandemic recovery.
