What happened: AMC Entertainment (AMC) stock jumped more than 20% on Monday.
What's behind the move: The movie theater chain reported quarterly record revenue of of $1.6 billion along with an all-time high Adjusted EBITDA, a measure of core operating earnings and cash-generating strength.
"In AMC's entire 106-year history, there has never been a quarter like this one," said AMC CEO Adam Aron during the company's earnings call on Monday morning.
Aron also pushed against "the prognosticators of doom who have continued to vastly underestimate the will and the skill of AMC" as the company navigated six years of challenges.
The quarter benefited from major releases that brought moviegoers back into theaters, including The Super Mario Galaxy Movie and The Odyssey.
What's behind the move: The movie theater chain reported quarterly record revenue of of $1.6 billion along with an all-time high Adjusted EBITDA, a measure of core operating earnings and cash-generating strength.
"In AMC's entire 106-year history, there has never been a quarter like this one," said AMC CEO Adam Aron during the company's earnings call on Monday morning.
Aron also pushed against "the prognosticators of doom who have continued to vastly underestimate the will and the skill of AMC" as the company navigated six years of challenges.
The quarter benefited from major releases that brought moviegoers back into theaters, including The Super Mario Galaxy Movie and The Odyssey.
22 days ago
