- AMC Entertainment Holdings Inc's shares fell 9% on Wednesday after results underscored fears that theater-going would not return to pre-pandemic levels anytime soon.
- Revenue fell 15.4% in the quarter and AMC saw a 17% fall in footfall in its theaters.
- Hollywood has been releasing fewer movies, streaming becoming the preferred way to watch movies since the pandemic.
- AMC said it expects box office will not return to pre-pandemic norms before 2024 or 2025 at the earliest.
Theater chain AMC's shares fall on worries of slower box office recovery
AMC Entertainment Holdings Inc's shares fell about 9% on Wednesday after the company's results underscored fears that theater-going would not return to pre-pandemic levels anytime soon as rising cost-of-living bites.
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