AMC Entertainment Holdings Inc. Chief Executive Adam Aron said Thursday that the theater chain is optimistic for the coming months, and said that roughly seven million customers returned to theaters in the first quarter.
“We finally can now say that we are looking at an increasingly favorable environment for moviegoing and for AMC as a company over the coming few months,” Mr. Aron said in prepared remarks, citing in part vaccinations and also new movie releases.
AMC said Thursday that as of the end of last month, it was operating most of its nearly 600 U.S. locations. About 110 of its over 350 international locations were in operation as well. The company reported 6.8 million attendees for the quarter, 6.2 million of whom were in U.S. markets.
AMC’s loss attributable to the company was $566.9 million, compared with a loss of $2.18 billion a year earlier. The company’s loss was $1.42 a share, compared with $20.88 a share a year ago. The movie-theater company reported revenue of $148.3 million, down 84% from the comparable quarter a year ago.
AMC released preliminary results for the quarter late last month.
