AMC CEO Is 'Confident And Optimistic' About Cinema Chain's Future As Q3 Earnings Show Revenue Beat, Record Food & Beverage Results

Movie theater company AMC Entertainment Holdings (NYSE:AMC) reported third-quarter financial results after market close Wednesday.

Here are the key highlights.

What Happened: For the third quarter, the Leawood, Kansas-based reported:

Revenue of $1.35 billion, down 4.1% year-over-year, beat a Street consensus estimate of $1.33 billion per Benzinga Pro.

A loss of 6 cents per share, versus a profit of 8 cents per share in last year's third quarter.

The earnings per share beat a Street consensus estimate of a loss of 11 cents per share.

Total attendance of 65.1 million people. That’s down 11.5% year-over-year.

U.S. attendance was 46.9 million people, down 8.9% year-over-year.

International attendance was 18.2 million people, down 17.6% year-over-year.

$527.4 million in cash and cash equivalents.

"I am almost euphoric about the vital improvements lodged at AMC Entertainment during the third quarter of 2024, with our ...