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AMC Entertainment shares jump 6% after record traffic, revenue over Easter weekend

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Posted: April 10, 2023 11:12AM EST

Chris Wacker

Shares of AMC Entertainment Holdings Inc. rose 6% to $5.18 on Monday after the company reported its busiest weekend so far in 2023, with more than 3.6 million guests watching movies at AMC locations in the U.S. over the Easter holiday.

The movie theater chain said the strong participation of Easter weekend audiences showed its…

Chris Wacker

Shares of AMC Entertainment Holdings Inc. rose 6% to $5.18 on Monday after the company reported its busiest weekend so far in 2023, with more than 3.6 million guests watching movies at AMC locations in the U.S. over the Easter holiday.

The movie theater chain said attendance was strong over Easter weekend, the third busiest Friday-Sunday weekend since December 2019. Weekend attendance was boosted by the opening weekend of The Super Mario Bros. Movie, the newly released “Air,” and March’s releases of “John Wick: Chapter 4 and Dungeons” and “Dragon: A Rogue Glory” films.

AMC said it also experienced two of its top three highest-grossing days this past weekend since reopening in 2020, including Saturday, the highest-grossing Easter weekend in the U.S. Highest earning day in America in the wake of the Covid-19 pandemic.

AMC shares closed up 21% on Thursday, but are still down 54% over the past 12 months.

Write to Chris Wack at chris.wack@wsj.com

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