AMC's second quarter revenue of $1.6B beats estimates, delivering record Adjusted EBITDA.

AMC reported second quarter revenue of $1.6 billion, up 14.2% year-over-year, beating analyst estimates. The company posted a net loss of $11.4 million, or ($0.02) per share, while Adjusted EBITDA surged 69.6% to a company record of $321.4 million.

Key Highlights

• Adjusted EBITDA reached a record $321.4 million, a 69.6% year-over-year increase, as consolidated Adjusted EBITDA margin expanded from 13.6% to 20.1%.
• Total revenue grew 14.2% to nearly $1.6 billion, with the company's domestic revenue growth of 13.0% outpacing the industry box office growth of 10.7%.
• Global attendance increased 13.5% to 71.3 million, with notable strength in European markets where attendance grew 17.9% year-over-year.