2024 AMC Q2 loss of $32 million due to 23% revenue decline and lower attendance from 2023 Hollywood strikes.
AMC Entertainment Holdings reported a $32 million Q2 loss in 2024 due to a 23% decline in revenue and lower attendance, attributed to the 2023 Hollywood strikes disrupting film production. AMC's Q2 revenues fell to $1.03B from $1.35B in 2023, with attendance dropping by 25% to 50.01M from 66.37M. The CEO, Adam Aron, cited improvements in addressing the company's debt load and a strong end to the quarter with "Inside Out 2" setting new attendance records.
August 02, 2024
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