Theater chain AMC beats quarterly revenue estimates

By Thomson Reuters Feb 28, 2024 | 3:23 PM

(Reuters) – AMC Entertainment on Wednesday surpassed Wall Street estimates for quarterly revenue as concert films from pop stars Taylor Swift and Beyonce drew people to its theaters, cushioning the hit from a lack of Hollywood releases after strikes last year.

The company posted revenue of $1.10 billion for the fourth quarter, compared with analysts’ estimates of $1.05 billion, according to LSEG data.

(Reporting by Harshita Mary Varghese; Editing by Shailesh Kuber)