The stock jumped 13.1% on exceptionally strong adjusted EBITDA and robust box office growth, driven by a 22% surge in the North American box office that surpassed expectations and lifted both domestic and international segments.
- Adjusted EBITDA improved by $96 million year-over-year, marking the best first quarter result since 2019 pre-pandemic.
- North American box office revenue increased 22% in Q1, the strongest start since the pandemic began.
- International performance notably improved, particularly across AMC's European footprint.
- Balance sheet enhancements included refinancing $400 million of debt to 2031, reducing interest expense, and raising $72 million via equity issuance.
- Opportunistic asset sales generated $30 million cash in Q1, totaling $54 million from Hycroft Mining holdings, surpassing original investment.
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