Brent Lang Executive Editor of Film and MediaAMC Entertainment’s quarterly financial results demonstrate that moviegoing may be slowly returning after months of COVID-related struggles, but cinemas still have to dig out of a deep hole left by a public health crisis that decimated their business.
Revenues at the world’s largest exhibition chain topped out at $148.3 million, down 84.2 percent from the year-ago period, while the company logged a loss of $1.42 per share, an improvement on the loss of $20.88 per share that it reported in the year-ago period.
It had a $567 million net loss, which was still a substantial improvement on the $2.2 billion the company lost in the same quarter in 2020.
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