Total revenue slipped a fraction to $1.288 billion in the period ended December 31, while net losses per share eased to 25 cents from 35 cents in the year-ago quarter. The top- and bottom-line numbers exceeded Wall Street analysts’ consensus expectations.
Attendance in the quarter totaled a bit more than 56.3 million. For the full year, it fell 2% to 219.4 million.
The official financials come nearly a month after the company previewed its fourth quarter earnings, releasing preliminary results and announcing a refinancing deal with some senior secured debt holders. While AMC has surprised a lot of skeptics for the past few years, making it through the months-long shutdowns of Covid, revamping its investor base and staving off bankruptcy, the exhibitor’s stock started the year below $2 and has steadily declined.
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