Summary by Moomoo AI
AMC Entertainment Holdings, Inc. reported its financial results for the second quarter ended June 30, 2024, revealing a decline in total revenues and a net loss compared to the previous year. The company's total revenues decreased to $1,030.6 million from $1,347.9 million in Q2 2023, and it experienced a net loss of $32.8 million, a drop from net earnings of $8.6 million in the same quarter of the previous year. The net loss per diluted share was $(0.10), compared to net earnings per diluted share of $0.06 in Q2 2023. Adjusted EBITDA also fell to $29.4 million from $182.5 million in the prior year. The company's cash and cash equivalents stood at $770.3 million as of June 30, 2024. AMC's Chairman and CEO, Adam Aron, attributed the slow start of the quarter to the...Show More
