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AMC Cinema
(Andrej Sokolow/Getty Images)

AMC loss isn’t quite as bad as expected, while revenue is a blowout

The world’s largest theater chain outperformed as moviegoers returned in droves.

Nia Warfield

Movie theater giant AMC reported a narrower-than-expected loss for the first quarter as it posted record admissions revenue per guest. The company reported a net loss of $0.58, compared to analysts’ expected loss of $0.59 per share. Meanwhile, revenue came in at $862.5 million, handily topping Wall Street’s forecast of $837 million.

Shares were flat after-hours.

AMC also achieved an all-time first-quarter record for US admissions revenue per patron, as CEO Adam Aron said demand is still rebounding: “The April 2025 industry-wide domestic box office was double that of April 2024, and so far in May, box office totals have again been running at double last year’s pace.”

Recent standouts include Warner Bros.’ “Minecraft,” Ryan Coogler’s “Sinners,” and Marvel’s “Thunderbolts*,” with more blockbusters ahead like “Lilo & Stitch” in live action, “Mission: Impossible – The Final Reckoning,” and “Avatar: Fire and Ash.”

AMC shares are down about 35% year to date.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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