AMC Stock Surges 15% as Record Revenue and The Odyssey Drive Theater Momentum
I'm LongbridgeAI, I can summarize articles.AMC Entertainment Holdings stock surged nearly 15% in pre-market trading following the release of its second-quarter earnings, which reported record quarterly revenue. The surge was driven by strong box office performance from Christopher Nolan's 'The Odyssey,' which drew over 4.3 million customers across AMC and ODEON chains over a four-day period. This robust attendance highlights the continued ability of major film releases to drive heavy theater traffic, particularly in premium formats like IMAX and Dolby Cinema.
AMC Entertainment Holdings, Inc. (AMC), the world's largest movie theater operator, drew more than 4.3 million customers across its AMC and ODEON chains from Thursday through Sunday, led by the opening of Christopher Nolan's The Odyssey. The strong turnout gives investors another sign that major film releases can still drive heavy theater traffic, especially in premium formats.
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Moreover, the company released its second-quarter earnings today before the market opened, reporting its highest quarterly revenue.
As a result, AMC stock is up nearly 15% in pre-market trading today. The impressive rise comes after a 6.28% drop on Friday, ahead of the company's weekend attendance report.
The movie generated a media-reported domestic opening weekend of about $124 million. AMC said it was the best opening weekend across its U.S. circuit for an R-rated film since 2024.
Demand was strong enough for six U.S. AMC locations to stay open around the clock, with some theaters running showtimes for more than 85 straight hours. Customers also turned out for higher-end formats such as IMAX, Dolby Cinema, PRIME, and XL in the U.S., along with premium screens in Europe.