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AMC Turns Profit After 106 Years | Raleigh News
AMC just shattered expectations by posting its first profit in 106 years, thanks to a surge in moviegoers and a booming box office that turned fixed costs into profit. With 52.5 million U.S. visitors and $1.597 billion in revenue, the theater giant hit a historic $321.4 million adjusted EBITDA — the first time ever over $300 million in a single quarter. But with new stock dilution, per-share gains are modest. The real test? Can AMC avoid issuing more shares for the next year, letting existing investors finally reap the rewards of their fixed-cost advantage as blockbuster releases loom and…
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