AMC Theatres reports record quarterly revenue of $1.7 billion
The cinema chain's third-quarter earnings were boosted by strong box office performance from major film releases.
At a glance
- AMC Theatres reported $1.7 billion in quarterly revenue for the period ending in September
- Revenue increased 31.6% compared to the same quarter last year
- The results represent the highest quarterly earnings in the company's history
- Strong box office performance from major film releases drove the growth
AMC Theatres, the world's largest cinema chain, reported total revenues of $1.7 billion for the three-month period ending in September, according to Variety. This represents a 31.6% increase from $1.3 billion in the same quarter a year earlier.
The record-breaking quarter was driven by strong box office performance from films including "Spider-Man: Brand New Day" and "The Odyssey". The revenues mark the largest quarterly returns ever posted by the company.
Why it matters
The results reflect recovering cinema attendance and box office performance following industry challenges in recent years.
Original reporting
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