AMC Entertainment Holdings

AMC

Market cap $1.26B

AMC Entertainment Holdings (NYSE:AMC) shares climbed almost 5% after the cinema chain reported a blockbuster opening weekend for the musical film Wicked: For Good, generating approximately $226 million globally, including $150 million in the US and Canada. The film marked AMC's biggest opening weekend for a PG- or G-rated movie since early 2023 and drove significant growth across admissions, food and beverage, merchandise sales, and special event attendance, the company said.

LEAWOOD, Kan.--(BUSINESS WIRE)--AMC Theatres® (NYSE: AMC), the largest theatrical exhibitor in the United States and the world, today announced the launch of the AMC Popcorn Pass, a new annual benefit that lets AMC Stubs members enjoy 50% off a large AMC Perfectly Popcorn™ every day, for just $29.99+tax per year. The AMC Popcorn Pass brings added value to one of cinema's most iconic traditions. With a one-time annual purchase, AMC Stubs® members unlock a daily discount on a large AMC Perfectly.

CNBC's Julia Boorstin reports on a successful box office opening for 'Wicked: For Good.'

LEAWOOD, Kan.--(BUSINESS WIRE)--AMC Entertainment (NYSE:AMC), the largest theatrical exhibitor in the United States and the world, today announced that more than 4.5 million guests visited its theatres globally Monday through Sunday – more than 3.3 million in the United States and more than 1.2 million internationally. Approximately two thirds of these guests were there to view Universal's WICKED: FOR GOOD, which posted a strong opening-weekend performance at AMC's U.S. and international theatr.

AMC Entertainment's longstanding dilution spiral is on the verge of going from bad to worse. This is likely to occur, even if management's optimism for the current quarter pans out.

The movie theater chain's leadership is touting its bright future. This optimism, however, has been circulating for a couple of years now and has yet to be realized.

AMC Entertainment (AMC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

AMC Entertainment Holdings, Inc. continues to struggle with heavy debt and significant shareholder dilution despite a box office recovery. Q3 results highlight ongoing financial challenges, with the upcoming December 10th shareholder meeting considered pivotal for AMC's future. Shareholders face a critical vote that could impact the stock negatively, regardless of the outcome.

Zacks.com users have recently been watching AMC Entertainment (AMC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

"Meme mania" has long since passed for AMC Entertainment, which has fallen over 99% from its 2021 highs, and more than 35% this year alone. Despite being far cheaper today, the stock is richly priced when using fundamentals-based valuation metrics.