AMC Entertainment Holdings Inc. has experienced its most successful week to date, setting a new record for U.S. and global theaters in terms of admissions revenue. From July 21 to July 27, AMC’s revenue soared, with 65 U.S. locations breaking their single-week box office records. In the greater Los Angeles market alone, 13 locations achieved this milestone.
The remarkable earnings were mainly driven by the highly anticipated releases of “Barbie” and “Oppenheimer” on July 21. Throughout their first week in theaters, both films attracted significant demand from moviegoers. This strong momentum continued into their second weekend, as confirmed by AMC.
“Haunted Mansion” also made a significant impact upon its opening, while films such as “Mission Impossible – Dead Reckoning Part One” and “Sound of Freedom” continued to draw audiences. This resulted in the third busiest weekend globally since theaters reopened in 2020 after pandemic closures.
Comparing the admission revenue to the same weekend last year, the company noted that it was considerably more than double the amount. The positive news led to a 1.9% increase in the stock of AMC Entertainment Holdings Inc., known as a meme stock, during premarket trading on Monday.
