Giant theater chain AMC Entertainment saw sales blow past Wall Street forecasts for the March quarter, rising 20% to $954 million. Losses narrowed by $102 million to $235 million, for an adjusted E…
A hearing set for late June in Delaware Chancery Court may determine if and when AMC will have that ability to sell shares and raise cash.
That said, he noted that results represent AMC’s strongest first quarter in four years. The first quarter of 2023 and fourth quarter of 2022 mark the first two consecutive quarters of positive adjusted EBITDA since March of 2020 — “testament to the ongoing recovery in the industrywide box office.
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