“Heartbreak feels good”… with ticket sales like this. AMC’s second-quarter revenue growth was its best since Covid, and analysts expect more growth (this time Barbenheimer-fueled) when America’s largest theater chain reports Wednesday. Amended antitrust rules that make it easier for stars to bypass studios and make distribution deals with theater chains could boost revenue for chains. See: AMC partnering with T. Swift to distribute “Eras Tour” (which became the highest-grossing concert movie) and its deal to show Beyoncé’s upcoming concert film.
Mozz stick ETA… Uber could deliver hearty quarterly #s tomorrow, after DoorDash reported record food-delivery orders. In August, Uber’s revenue grew 14% and it notched its first operating profit as Eats and ride-hail grew (but freight, its logistics biz, sank). Lyft beat Q2 estimates with 3% revenue growth and shrinking losses. The food-less rival gained riders after trying to cut surge pricing to lure users from Uber, but reversed course after lower prices hurt revenue. Analysts are skeptical Lyft can lift itself to a profit this week.