Imax reported a 9% drop in Q1 revenue but beat Wall Street estimates in earnings due to the success of 'Dune 2'. The film contributed to Imax's highest ever North American market share. AMC Entertainment previewed Q1 results, expecting a loss of $0.62 per share and revenue of $951.4M, both surpassing estimates. Despite fewer film releases, AMC Entertainment anticipates flat revenue.
AMC Entertainment Sees Flat Revenue in Despite Fewer Film Releases https://t.co/Pm51cXQaPU
Top movie theater circuit AMC Entertainment offered investors a preview of its first-quarter financial results late Friday, with key metrics coming in ahead of Wall Street expectations https://t.co/Teqj2YTF8H
$AMC | AMC Entertainment Holdings, Inc. Previews Q1 2024 Preliminary Results - Sees Q1 EPS/Loss $0.62 (Est/Loss $0.79) - Sees Q1 Revenue $951.4M (Est. $861.06M)
Imax Q1 Beats Street With Highest Ever North American Market Share Thanks To 'Dune: Part 2' In Period With Few Big Releases https://t.co/c88J0YpxOk
Imax First-Quarter Earnings Rise on 'Dune 2' Blockbuster Run https://t.co/n5ZQ1E5gzh
Imax Q1 Revenue Drops 9%, Earnings Beat Wall Street Estimates on Lift From 'Dune 2' https://t.co/PS3oF3jv1m