AMC Theatres Reports Impressive $1.1 Billion Revenue Increase in Q4
AMC Theatres reported a revenue increase of over $1.1 billion in the fourth quarter compared to the previous year. Adjusted EBITDA nearly tripled to $42.5 million in the fourth quarter versus $14.5 million in the same period a year earlier. AMC CEO Adam Aron credited the box office success of "Taylor Swift: The Eras Tour" and "Renaissance: A Film by Beyoncé" for driving the majority of revenue and EBITDA growth. The two concert films alone outgrossed all theatrical releases from other major studios in the fourth quarter.