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Snacks / Monday, August 07, 2023

Cue Nicole Kidman intro… AMC said it had its best week ever for box-office sales thanks to the Barbenheimer frenzy. But those Kentastic #s won’t be included in AMC’s earnings tomorrow. In May, the world’s largest movie-theater chain reported rising sales and smaller losses as moviegoers returned to red velvet seats. But revenue is still lower than prepandemic levels, and AMC’s at risk of running out of cash as its massive debt load comes due starting next year. More hits would help it avoid bankruptcy, but writers/actors are still striking.

Specialized swiping… Women-message-first app Bumble reports tomorrow, a day after LGBTQ-focused dating app Grindr. Grindr squeezed 41% more $$ out of paying users last year and reported continued growth in May, while Bumble got a revenue boost from users buying “compliments.” In a sign that swipers could keep spending, Match Group — which owns Tinder and Hinge as well as apps for single parents, 50-and-older daters, and Muslim singles — reported record quarterly revenue last week.

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