Taylor Swift, Beyoncé Concert Films Drove ‘Literally All’ of AMC’s Quarterly Revenue Increase ...Middle East

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Taylor Swift, Beyoncé Concert Films Drove ‘Literally All’ of AMC’s Quarterly Revenue Increase
source : billboard ( Middle East ) () 23
AMC Theatres beat Wall Street expectations, reporting fourth-quarter revenue of $1.10 billion, up from $990.9 million in 2022 and a net loss of $182 million, compared to a net loss of $287.7 million in 2022.  For the full year, the theater chain reported total revenue of $4.8 billion, up from $3.9 billion in 2022. Net loss improved to $396.6 million, up $577 million from a year earlier.  AMC Theater CEO Adam Aron said that “literally all” of the increase in revenue in the fourth quarter was driven by Taylor Swift and Beyoncé. Total attendance in the fourth-quarter grew to 51.9 million, up 4.7% from a year ago.

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