AMC Entertainment Holdings reports a strong start to the third quarter, driven by the success of movies like 'Barbie' and 'Oppenheimer', following better-than-expected second-quarter revenue.
Times Square characters who pose for photos for money walk past an AMC theatre in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri/File Photosaid the current quarter was off to a strong start driven by box-office hits such as "Barbie" and "Oppenheimer", after beating second-quarter revenue estimates on Tuesday.
"The third quarter of 2023 is off to an explosive start with "Barbie", "Oppenheimer", "Mission Impossible - Dead Reckoning Part One", and "Sound of Freedom"," CEO Adam Aron said, adding that July recorded the highest ever monthly revenue for AMC. AMC's second-quarter revenue rose 15.6% to $1.35 billion, compared with analysts' estimates of $1.29 billion, according to Refinitiv data.
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