AMC Entertainment Sees Massive Q1 Losses Of Up To $2.4B On Writedowns In Preliminary Earnings Report

said it expects to report ballooning losses of between $2.1 and $2.4 billion for the first quarter ended in March on one-time charges compared with losses of $130 million the year before.

“We believe, but cannot guarantee, that the exhibition industry will ultimately rebound and benefit from pent-up social demand for out-of-home entertainment, as government restrictions are lifted and home sheltering subsides.

Net cash provided by operating activities, investing activities and financing activities to be $ million, $ and $312.4, respectively, compared with $1.4 million, $ million and $ million for the three months ended March 31, 2019, respective

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