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AMC Reports Earnings Today. What to Expect.

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The largest movie theater operator is expected to report a loss of 10 cents a share on sales of $1.26 billion.

AMC Entertainment ‘s results, set to be released after tonight’s closing bell, will be all about this summer’s blockbuster movie phenomenon known as Barbenheimer.

That won’t be enough to completely pull AMC back into the black, at least according to expectations tracked by FactSet. Analysts expect AMC to report a loss of 25 cents a share on revenue of $1.26 billion. That would be an improvement from a loss of $1.76 a share in the third quarter of 2022, when it reported sales of just over $1 billion.

The results won’t include proceeds from Taylor Swift: The Eras Tour, which didn’t open in AMC theaters until after the third quarter ended. CEO Adam Aron recently said in a social media post that more than 10 million people had seen the concert movie, crossing $200 million in global box office. AMC is the distributor.

 

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