BUZZ-AMC Entertainment rises as quarterly revenue beat estimates on 'Moana 2' and 'Wicked' success

Reuters

02-26

BUZZ-AMC Entertainment rises as quarterly revenue beat estimates on 'Moana 2' and 'Wicked' success

** Shares of theater chain AMC Entertainment AMC.N rise 5.5% to $3.45 in extended trading

** Company posts fourth-quarter revenue of $1.31 billion, compared with analysts' estimate of $1.30 — LSEG

** AMC posts net loss of $135.6 million, compared to net loss of $182.0 million last year

** The theater chain banked on wildly popular releases including "Moana 2" and "Wicked," which drew large crowds

** AMC welcomed 62 milion moviegoers in the fourth quarter

** In 2024, AMC's shares fell 35%

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

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