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AMC Theatres Loses $100 Million-Plus in Q4 Despite ‘Strongest Quarter in 2 Years’

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thewrap.com

Theater-chain AMC Entertainment shared an unaudited version of its fourth-quarter 2021 financials on Tuesday, revealing a net loss of between $194.8 million and $114.8 million.In terms of revenue, however, AMC soared from $162.5 million in the three months ended Dec.

31, 2020 to $1.17 billion in Q4 2021. That marks the best quarter for the company in two years.Plus, considering AMC lost $946.1 million in the comparable 2020 quarter, things are looking up.

All of that explains why company stock is up about 10% this morning in pre-market trading.“AMC’s 2021 results improved significantly as the year progressed, and we finished the year with the strongest quarter in two years,” Adam Aron, the company’s chairman and CEO, said in a statement accompanying the unaudited financial results.

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