AMC Entertainment Stock Soars As Spider-Man Boosts Q4 Ticket Sales

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The Street

By Martin Baccardax AMC Entertainment (AMC) – Get AMC Entertainment Holdings, Inc. Class A Report shares surged higher Tuesday after the world’s largest cinema chain posted preliminary fourth quarter earnings that could confirm its aim to return to profit over the final months of the year. AMC said revenues for the three months ending in December would likely come in north of $1.17 billion, a huge increase from the $162.5 million collected during last year’s pandemic-hit trough for the movie theatre business, thanks in part to the huge success of “SpiderMan: No Way Home”. The group will still …

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