AMC Entertainment misses revenue estimates – Reuters - Celeb Tea Time

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Thursday, May 6, 2021

AMC Entertainment misses revenue estimates – Reuters

May 6 (Reuters) – AMC Entertainment Holdings reported a larger-than-expected fall in first-quarter revenue on Thursday, hit by delays in theatrical releases and a growing customer preference for streaming.

Revenue fell to $148.3 million in the quarter ended March 31 from $941.5 million a year earlier. Analysts had expected a figure of $153.43 million, according to IBES data from Refinitiv. (Reporting by Chavi Mehta in Bengaluru)



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