AMC Theaters continued to chip away at its losses in the first quarter of 2024, as revenue remained flat year-over-year at $951 million amid an early-year slump exacerbated by last year’s Hollywood strikes.
Some of the top-line data from the major theater chain’s latest quarterly reports:
Net loss: $163.5 million for Q1, an improvement from the $182 million loss in Q4 2023 and $235 million for the prior-year quarter.
Loss per share: Net loss of 62 cents per diluted share, as both the LPS and quarterly revenue met projections set by Zacks Investment Research.
The per share loss is slightly worse than the 54 cent loss reported last quarter but an improvement from the $1.71
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