AMC Entertainment Fourth-Quarter Loss Widens

Movie theater operator AMC Entertainment on Tuesday reported a wider loss from continuing operations as revenue declined driven by lower admissions.

our editor recommends

AMC Theatres Will Demand New Terms on Premium VOD Titles

Movie Theater Chain AMC Entertainment Moves Ahead With IPO Plans

The company posted a loss from continuing operations of $72.9 million, compared with a loss of $33.4 million in the year-ago period. The the latest period includes an impairment charge of $17.8 million related to the company's stake in 3D technology firm RealD.

Revenue of $557.3 million declined from $602.9 million in the year-ago period. Admission revenue of $384.4 million was down from $427.4 million in the year-ago period.

Email: Georg.Szalai@thr.com

Twitter: @georgszalai