AMC beats revenue estimates as 'Batman' drives box-office collection
(Reuters) -AMC Entertainment beat Wall Street expectations for first-quarter revenue on Monday, as the release of big-ticket films such as "The Batman" drew crowds to movie halls, driving a surge in box-office collections at the theater chain.
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(Reuters) - AMC Entertainment beat Wall Street expectations for first-quarter revenue on Monday, as the release of blockbuster films such as “The Batman” and “Uncharted” drew crowds to movie halls, driving a surge in ticket sales.
Revenue at the company, which became one of the symbols of a meme stock-trading frenzy last year, rose to $785.7 million in the quarter ended March 31, from $148.3 million, a year earlier.
Analysts on average had expected revenue of $743.4 million, according to IBES data from Refinitiv.
Reporting by Eva Mathews in Bengaluru; Editing by Anil D’Silva
