Tuesday, June 24, 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

Should you buy BSE shares for long term now? Fundamental stock picks and more

Should you buy BSE shares for long term now? Fundamental stock picks and more

by zee business
June 24, 2025
0

Share Market Concepts for Day Buying and selling and for Lengthy Time period: As market contributors scout for contemporary buying and...

NIA Reports Gathering Substantial Evidence On Terrorists’ Identities

NIA Reports Gathering Substantial Evidence On Terrorists’ Identities

by PTI
June 23, 2025
0

The arrested duo had been produced earlier than a Jammu courtroom on Monday and so they have been remanded to...

Air India Express diverts flights from Qatar amid Iran’s retaliation 

Air India Express diverts flights from Qatar amid Iran’s retaliation 

by Euro Times
June 23, 2025
0

Image for representational functions solely | Photograph Credit score: VELANKANNI RAJ B New DelhiThe Tata Group promoted Air India Categorical...

Steep fall in rental ads since start of Iran operation

Steep fall in rental ads since start of Iran operation

by Arik Mirovsky
June 24, 2025
0

There was a big fall within the variety of flats supplied for lease for the reason that starting of...

Dixon Technologies promoter sells 2.77% stake for over Rs 2,221 crore

Dixon Technologies promoter sells 2.77% stake for over Rs 2,221 crore

by Euro Times
June 23, 2025
0

Dixon Applied sciences (India) promoter Sunil Vachani on Monday divested a 2.77 per cent stake within the homegrown contract producer...

First Trade: Nifty slips 150 points to trade at 24,961; IT gauge top loser

First Trade: Nifty slips 150 points to trade at 24,961; IT gauge top loser

by zee business
June 23, 2025
0

Indian inventory market at present: Indian equities in Monday's commerce opened decrease amid escalating tensions between Iran and Israel after the...

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 *

More than 100 MPs threaten to halt welfare reforms in PM’s biggest rebellion

More than 100 MPs threaten to halt welfare reforms in PM’s biggest rebellion

June 24, 2025
Brit dad, 24, suffers a broken spine in horror drunken Ayia Napa hotel fall after trying to leap between two balconies

Brit dad, 24, suffers a broken spine in horror drunken Ayia Napa hotel fall after trying to leap between two balconies

June 24, 2025
The Smarter Web Company Expands Bitcoin Holdings as Part of Long-Term Strategy

The Smarter Web Company Expands Bitcoin Holdings as Part of Long-Term Strategy

June 24, 2025
Who Is Ripple’s Arthur Britto That Broke 14 Years Of Silence

Who Is Ripple’s Arthur Britto That Broke 14 Years Of Silence

June 24, 2025
China to show new equipment at 80th anniversary parade of Japan’s WWII surrender

China to show new equipment at 80th anniversary parade of Japan’s WWII surrender

June 24, 2025
Should you buy BSE shares for long term now? Fundamental stock picks and more

Should you buy BSE shares for long term now? Fundamental stock picks and more

June 24, 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

More than 100 MPs threaten to halt welfare reforms in PM’s biggest rebellion

Brit dad, 24, suffers a broken spine in horror drunken Ayia Napa hotel fall after trying to leap between two balconies

  • 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