00:00It's Benzinga bringing Wall Street to Main Street.
00:02AMC Entertainment shares are trading near the flatline Thursday after the company reported
00:07better than expected third quarter results and record revenue, according to Benzinga.
00:12AMC reported adjusted earnings of 13 cents per share, beating estimates of 4 cents.
00:18Revenue rose 31.6% to $1.71 billion, topping expectations of $1.54 billion.
00:26Adjusted EBITDA surged 183.7% to a record $347.5 million.
00:35Attendance increased by 28.3% to 74.92 million patrons, while food and beverage revenue climbed
00:4330.5% to $589.4 million.
00:47CEO Adam Aaron credited loyalty programs, premium large format screens, and record revenue per
00:54patron for the results.
00:55AMC expects positive free cash flow for full year 2026, after domestic box office revenue
01:02rose about 35% in October from a year earlier.
01:06CEO Adam Aaron expects the remaining fourth quarter film slate to drive domestic and global
01:11box office revenue to their highest annual levels in seven years.
01:15Shares were up by 0.58% to $3.54 at the time of publication, according to data from Benzinga
01:23Pro.
01:23For all things money, visit Benzinga.com.
