AMC theaters rose more than 8%, with fourth-quarter revenue of $162.5 million, exceeding market expectations.
The company reported fourth-quarter revenue of $162.5 million and a market expectation of $142.4 million. The adjusted loss per share is $3.15, while the market expects a loss of $3.53 per share. The adjusted loss before interest, tax, depreciation and amortization in the fourth quarter was $327.5 million.
AMC's full-year revenue in 2020 was $1.242 billion, compared with $5.471 billion in the same period last year; adjusted loss per share was $16.15, compared with a loss of $1.08 per share in the same period last year. The total number of seats for the whole year was 75.19 million, a decrease of 78.9% over the same period last year.
Adam Aron, CEO and President of the company, said: "in the past year, AMC has ushered in the most challenging year. This era is unprecedented, the AMC team with unprecedented motivation and commitment to take prompt and decisive action to ensure our survival and development. We have more than $1 billion in cash on hand, and we have reason to be optimistic about the strength of the company. "