Cinema giant AMC Entertainment Holdings posted second-quarter financial results on Thursday as it looks to reopen its theaters and survive the coronavirus pandemic after a debt restructuring.
The extent of the COVID-19 hit taken so far by the largest U.S. cinema chain was underlined by overall revenues tumbling to $18.9 million, compared to a year-earlier $1.5 billion.
Wall Street analysts forecast year-on-year revenues of $11.9 million at the end of the latest quarter. AMC's U.S. theater circuit was closed down for the entire second quarter.
The international movie theaters resumed limited operations in early June. AMC had restarted at 37 theaters in nine countries as of June 30.