AMC Entertainment Achieves Highest Ever Single-Week Admissions Revenue, Shares up 4%

Tiger Newspress2023-07-31

AMC Entertainment said admissions revenue at AMC theaters reached a new single-week high after the release of "Barbie" and "Oppenheimer."

The week from July 21 to July 27 marked a record across U.S. locations and internationally, the company said.

AMC said both movies' momentum continues into their second weekend. Admissions revenue for this past weekend was more than double the admissions revenue for the same weekend last year.

"These two movies, along with the many others playing on our huge silver screens, continue to rewrite what is possible at the box office," AMC Chief Executive Adam Aron said.

Shares rose 4.08% in morning trading.

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AMC said both movies' momentum continues into their second weekend. Admissions revenue for this past weekend was more than double the admissions revenue for the same weekend last year. \"These two movies, along with the many others playing on our huge silver screens, continue to rewrite what is possible at the box office,\" AMC Chief Executive Adam Aron said. Shares rose 2.4% in premarket trading. 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