Thursday, July 10, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

‘Spider-Man’ saves the day, theater chain AMC beats revenue estimates By Reuters

by Reuters
March 2, 2022
in Business
Reading Time: 2 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


'Spider-Man' saves the day, theater chain AMC beats revenue estimates
© Reuters. FILE PHOTO: An AMC theatre is pictured in Instances Sq. within the Manhattan borough of New York Metropolis, New York, U.S., June 2, 2021. REUTERS/Carlo Allegri

By Chavi Mehta

(Reuters) -AMC Leisure Holdings Inc beat estimates for fourth-quarter income on Tuesday as box-office hits comparable to “Spider-Man: No Means House” introduced folks again to the flicks.

Lengthy-awaited releases together with the James Bond movie “No Time To Die” and Marvel’s “Venom: Let There Be Carnage” additionally helped the theater chain recuperate from pandemic restrictions that had introduced movie-going to a standstill.

Pressures from inflation, labor shortages, provide chain disruptions in addition to the disaster in Europe after Russia invaded Ukraine might pose challenges for the corporate, Chief Govt Officer Adam Aron stated on a post-earnings name.

Earlier this yr, worries over the Omicron variant pushed producers to postpone film releases.

“The field workplace pacing and our ends in 2022 are anticipated to be closely weighted in the direction of the second half of the yr,” Aron stated.

AMC, which noticed a footfall of practically 60 million through the quarter, stated bookings are very robust for “The Batman” movie opening this weekend. It additionally expects to profit from releases like “High Gun: Maverick” and “Black Panther: Wakanda Ceaselessly” later this yr.

AMC’s CEO careworn on initiatives like variable pricing of tickets in the USA, deal with NFTs or non-fungible tokens, probably issuing its personal cryptocurrency and promoting its personal branded popcorn to develop enterprise in a post-COVID setting.

At present, AMC is charging patrons greater for “The Batman” film than different movies at its U.S. places, one thing it has been doing for years in Europe.

“In 2022, 2023 and past, we additionally count on to rework our firm into changing into one thing a lot higher than solely a movie show operator,” Aron added.

The corporate’s income for the quarter ended Dec. 31 was $1.17 billion, above expectations of $1.10 billion, in keeping with IBES knowledge from Refinitiv.

Internet loss narrowed to $134.4 million, or 26 cents per share, from $946.1 million, or $6.21 per share, a yr earlier.

Disclaimer: Fusion Media want to remind you that the information contained on this web site will not be essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs aren’t supplied by exchanges however slightly by market makers, and so costs might not be correct and will differ from the precise market worth, which means costs are indicative and never applicable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any accountability for any buying and selling losses you would possibly incur on account of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or harm on account of reliance on the knowledge together with knowledge, quotes, charts and purchase/promote indicators contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding types attainable.



Source link

Tags: AMCbeatschaindayestimatesReutersrevenuesavesSpiderMantheater
Previous Post

Top Penny Stocks to Watch for March 2022

Next Post

Traders fret about a growth slowdown as Fed Chair Powell faces a dilemma on rates

Related Posts

Furniture Insider: Data and Trends for Resellers (2025)

Furniture Insider: Data and Trends for Resellers (2025)

by Andrea Vargas
July 10, 2025
0

The furnishings class is rapidly increasing in each quantity and recognition. Main manufacturers and retailers depend on B-Inventory—the world’s largest...

Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

by David Johnson
July 10, 2025
0

This text was written byObserveDavid A. Johnson is founder and principal of Endurance Capital Administration, a New Jersey Restricted Legal...

TCS Q1 Results: Profit rises 6%, margins beat estimates; EBIT flat QoQ

TCS Q1 Results: Profit rises 6%, margins beat estimates; EBIT flat QoQ

by zee business
July 10, 2025
0

Tata Consultancy Providers Ltd. (TCS), India’s largest IT companies firm, reported its monetary outcomes for the April–June quarter (Q1FY26) after...

Mevo Carmel in pole position to house Nvidia Israel campus

Mevo Carmel in pole position to house Nvidia Israel campus

by Assaf Gilead
July 10, 2025
0

Regional councils in northern Israel are battling it out to draw Nvidia, within the wake of the US chip...

Smartworks Coworking IPO Opens Today — Check Day One Bids, GMP, Other Details

Smartworks Coworking IPO Opens Today — Check Day One Bids, GMP, Other Details

by Shubhayan Bhattacharya
July 10, 2025
0

On the constructive facet, the Smartworks Coworking boasts a major presence with 50 facilities throughout 15 cities, providing a considerable...

OpenAI builds Chromium browser to challenge Google Chrome’s ad monopoly

OpenAI builds Chromium browser to challenge Google Chrome’s ad monopoly

by Euro Times
July 10, 2025
0

OpenAI is growing its personal AI-powered net browser constructed on Google’s Chromium platform, aiming to problem Google Chrome’s dominance and...

Next Post
Traders fret about a growth slowdown as Fed Chair Powell faces a dilemma on rates

Traders fret about a growth slowdown as Fed Chair Powell faces a dilemma on rates

Feeling Hot, Hot, Hot! US Home Prices Grew At 19.1% YoY In January (Is US Housing Market Addicted To Gov?) – Investment Watch

Feeling Hot, Hot, Hot! US Home Prices Grew At 19.1% YoY In January (Is US Housing Market Addicted To Gov?) – Investment Watch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Coinbase Adds Support for Pump.Fun Ahead of $PUMP Token ICO

Coinbase Adds Support for Pump.Fun Ahead of $PUMP Token ICO

July 10, 2025
Huntington Ingalls upgraded at TD Cowen on contract momentum, margin upside (HII:NYSE)

Huntington Ingalls upgraded at TD Cowen on contract momentum, margin upside (HII:NYSE)

July 10, 2025
BIT Mining’s strategic leap into Solana propels stock to 3-year high

BIT Mining’s strategic leap into Solana propels stock to 3-year high

July 10, 2025
Crucial’s super-fast X9 portable SSD is excellent—and now it’s  off

Crucial’s super-fast X9 portable SSD is excellent—and now it’s $60 off

July 10, 2025
Canadian travel to the U.S. plummets — but Americans are staying home, too

Canadian travel to the U.S. plummets — but Americans are staying home, too

July 10, 2025
Furniture Insider: Data and Trends for Resellers (2025)

Furniture Insider: Data and Trends for Resellers (2025)

July 10, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Coinbase Adds Support for Pump.Fun Ahead of $PUMP Token ICO

Huntington Ingalls upgraded at TD Cowen on contract momentum, margin upside (HII:NYSE)

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In