Like other major chains, the completed reopening of theaters after a year-long closure due to COVID-19 has led quarterly losses to shrink.
In Q3, AMC reported losses of just 44 cents per share, down from $8.41 per share a year ago and down from 71 cents per share in Q2 2021. “We are also encouraged by the results from the beginning of the fourth quarter of 2021.
Indeed, as weannounced just a week ago, our October theatre admissions revenues were the highest of any month since before theglobal pandemic forced the closure of our cinemas more than a year and a half ago,” AMC CEO Adam Aron said in a statement.
Read more on thewrap.com
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