AMC, Cinemark climb on record May movie theater attendance

Shares of movie theater chains AMC and Cinemark are surging on Monday, following impressive May attendance tallies for both companies.

AMC logged 25.5 million moviegoers last month, the company’s best May since 2019. Cinemark said it achieved its highest May US box office tally ever.

Both companies cited the success of popular horror titles “Backrooms” and “Obsession,” which were each born out of the minds of popular TikTok creators. The Michael Jackson biopic “Michael” and Disney’s “The Mandalorian and Grogu” also performed well.

“Audiences are showing up for a wide range of content, with particular strength in younger moviegoers, resulting in impressive performances across blockbusters and varied small- to mid-tier titles,” said Cinemark CEO Sean Gamble.

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