Q4 2022 revenue improve from the previous quarter’s drought but fall short of last year’s end-of-year period.The multinational chain reported quarterly revenue of $990 million, a t 2% improvement from last quarter’s $968 million but down from the “Spider-Man: No Way Home”-fueled total of $1.17 billion of Q4 2021.
A GAAP net loss of $287.9 million was reported with an adjusted net loss of $152 million or 14 cents per share, slightly beating consensus projections of a 20 cent/share loss and improving from the loss of 26 cents per share a year ago and 24 cents in Q3 2022.
Global attendance for the quarter also slide 17.5% from 60 million in 2021 to 49.5 million in 2022. While the final months of 2021 had multiple hits like “Dune,” “No Time to Die,” “Ghostbusters: Afterlife” and “No Way Home” to drive admissions, Q4 of 2022 saw theaters relying primarily on “Avatar: The Way of Water” and “Black Panther: Wakanda Forever” for turnout, with major winter storms during Christmas weekend further hampering business for cinemas.
AMC is expected to have enough cash flow to continue operating through 2023 as box office grosses are expected to improve compared to last year.
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.