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In 2024, the revenue of AMC Theatres added up to 4.64 billion U.S. dollars, down from 4.8 billion dollars a year earlier. Despite this decline, the 2024 figure is still below the 5.47-billion-dollar revenue recorded in 2019, before the COVID-19 outbreak.

AMC Theatres

After a long period of decline, AMC Theatres was acquired by Dalian Wanda Group in 2012, a move which was followed by years of increased revenues and attendance. In 2018 the company reported a total attendance of nearly 360 million, a number which represents a massive turnaround in fortunes since reporting just 60 million in 2012. AMC operates over 10 thousand screens around the world, the vast majority of which are in the United States. Most of the company’s revenue is generated by the cost of theatre admission, but food and beverage sales have also remained a healthy revenue stream over the years.

Industry outlook

The growing competition from streaming platforms and home entertainment systems – as well as the pandemic – posed new challenges to the movie theater industry. Still, the market started to bounce back. The box office revenue in the United States and Canada grew significantly between 2021 and 2022, reaching nearly 7.4 billion dollars in the latter year. This upward trend continued in 2023, with revenue rising to 8.91 billion dollars, before declining to 8.56 billion dollars in 2024.