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AMC Theaters Boosts Revenue, Looks To Pay Debt Faster, as Moviegoers Return

Issuance of New Preferred Security Could Also Finance More Location Acquisitions
AMC Theatres said total revenue more than doubled from a year earlier in the second quarter, as returning customers also helped the company reduce its net losses. (Getty Images)
AMC Theatres said total revenue more than doubled from a year earlier in the second quarter, as returning customers also helped the company reduce its net losses. (Getty Images)
CoStar News
August 5, 2022 | 12:23 AM

AMC Theatres more than doubled its revenue while trimming its net losses in its second quarter, as the world’s largest theater chain announced it would issue new preferred shares that would allow it to pay down debt and possibly pursue more acquisitions as customers head back to the movies.

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