AMC Entertainment announced its Q3 earnings last week, topping industry expectations and signaling increased momentum in the recovery of the exhibition. The world’s largest exhibitor reported $763.2M in total quarterly revenue, having welcomed 40M guests to its theatres, nearly twice the volume from the prior quarter.
Concessions reached $265.2M, more than one-third of its total revenues. Despite this growth, AMC still reported an operating loss of $224.2M, with CEO Adam Aron commenting, “We wish to emphasize that no one should have any illusions that there is no more challenge ahead of us still to be met.” Aron added, “We need to sell more tickets in future quarters than in the most recent quarters.”