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Coronavirus Entertainment pandemic 2020 and

AMC Theatres Lost Between $2.1 Billion and $2.4 Billion in Q1

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Due to the coronavirus pandemic, AMC Entertainment lost between $2.1 billion and $2.4 billion in the first quarter of 2020, the company revealed on Wednesday.

At this time, AMC’s financials are unaudited. The official Q1 results will be released on June 9, when executives will hold a conference call with media analysts.

AMC’s total revenues in Q1 were approximately $941.5 million. Last year, the comparable quarter generated $1.2 billion. The first quarter cuts off at the end of March.

In the U.S., Q2 will be even worse than Q1. Even adjusting out the impact of COVID-19, AMC would have lost more than twice what it did in Q1 2019.

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