AMC Entertainment Is Going To Adopt Cryptocurrencies: Here Is A Little About The Results Of The Ended Quarter

AMC Entertainment is a cinema chain that operates 13 theaters in Europe and Saudi Arabia, many theaters in most of America, over 1,000 cinemas in 15 countries, and over 11,000 cinema halls. In addition to its theater business, it sells food and beverages. The stock price has risen 22% over the past 5 weekdays. On November 3, it surged from $ 37 to $ 43.14. On the first day of the new week, the worth jumped to $ 45.88, which is $ 13.3 less than the all-time high that was reached earlier this year. The trading session was closed at $ 45.14. AMC Entertainment recently released third-quarter results, which were much better than expected.

We have observed AMC struggles to regain the profitability indicators that it had before the pandemic. Thanks to its efforts in the ended quarter, revenues amounted to $ 762.2 million, which is $ 54.3 million more than forecast. The share price has grown by almost 1900% since the beginning of the year. The number of people attending AMC theaters was 40 million, while nearly 43 million were expected. In this regard, the management sets a goal to sell more tickets in the next quarters. In addition, AMC intends to team up with Disney and introduce some cryptocurrencies. The question of including the Shiba Inu in this list hasn’t yet been resolved; to solve it, the company is conducting a survey on Twitter.