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.
Read more on thewrap.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.