Slight decline in pre-market tradingUpon closer inspection, revenue reached 9.684 billion US dollars, slightly above market expectations of 9.61 billion US dollars, representing a year-over-year increase of 26.9%. Net loss was 2.269 billion US dollars, higher than the expected loss of 2.16 billion US dollars. Adjusted EBITDA showed a loss of 12.9 million US dollars, compared to a loss of 5.4 million US dollars in the same period last year. Diluted loss per share was 0.22 US dollars, up from a net loss of 2.242 billion US dollars in the same period last yearActually, it’s not too bad. Given the significant impact of the pandemic, some degree of loss is normal. However, unfortunately, stock price fluctuations are heavily influenced by Wall Street
The earnings report pointed out that Q3 results were affected by particularly weak industry-wide box office performance in the second half of the quarter. However, overall per capita indicators for ticket sales and food & beverage spending remained significantly higher than pre-pandemic levels
Compared with Q3 2019, per capita indicators for ticket sales and food & beverage spending increased by 12.0% and 30.0%, respectively. The total number of cinema audiences in Q3 after consolidation was 53.18 million, a year-over-year increase of 33%
$AMC Entertainment (AMC.US)$