On July 29, AMC Entertainment rose 8.14% in regular trading, trading at $2.7199/share, with turnover of $101 million. The stock continued its upward momentum driven by robust box office performance and confirmed earnings inflection.
On the news front, Christopher Nolan's \"The Odyssey\" generated $87 million at the domestic box office during its second weekend, bringing cumulative North American gross to approximately $286 million and global gross to approximately $640 million. AMC noted that it operates about half of all IMAX screens in the US, making it a significant contributor to the film's premium-format revenue.
The rally also builds on AMC's record-breaking Q2 results reported on July 20, with adjusted EPS of $0.14 far exceeding the consensus estimate of a $0.04 loss. Revenue rose 14.2% year-over-year to $1.6 billion, while adjusted EBITDA surged 70% to $321 million — both all-time highs in the company's 106-year history. The company stated it has no material debt maturities expected before 2029, reinforcing balance sheet stability.
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