updated earnings projections, longs rejoice
Previously I had $2.4B for overall box and loss of $100 million or so for our beloved whipping boy, AMC.
Due to outperformance from movies like Obsession, Michael, etc, I'm going to update the total box to $2.65B (almost what it was in 2023 and 2025) and the earnings +$0 to +$25mm.
If positive, this would be the 2nd positive quarterly earnings report since covid ended, I believe. On a per share basis though, it'd be about 4 cents at the highest.
3Q should be interesting. 4 big movies including Spiderman and Odyssey but not much else. Could see it breaking even or slightly worse.
Still estimating on the year, they lose $200- $250 million.