AMC Earnings: What to expect from the movie theater chain and meme stock darling

AMC Entertainment Holdings Inc. reports third-quarter results after the market close Wednesday with summer blockbuster movies “Barbie” and “Oppenheimer” expected to feature prominently for the cinema chain and meme stock darling.

AMC, Cinemark, and Cineworld Group PLC’s Regal Cinemas all enjoyed a foot traffic boost thanks to “Barbie” and “Oppenheimer,” according to analytics company Placer.ai. The data, which was released in July, showed an increase of around 75% in foot traffic at AMC. AMC has also been basking in the glow of Taylor Swift’s record-breaking concert film, which opened Oct. 12. In September AMC announced that the film had shattered the company’s record for single-day advance ticket sales, with $26 million in ticket-sales revenue on Aug. 31.

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AMC Reports Earnings Today. What to Expect.The largest movie theater operator is expected to report a loss of 10 cents a share on sales of $1.26 billion.
Source: MarketWatch - 🏆 3. / 97 Read more »