By Sam Boughedda
Investing.com -- AMC Entertainment Holdings Inc (NYSE:AMC) recorded its third-highest attended weekend since movie theatres reopened in the summer of 2020, the company said Monday.
Still, AMC shares fell more than 8% for the day.
More than 4 million tickets were sold globally at AMC locations Thursday through Sunday, with AMC stating it was due to "the strength of the successful opening weekend of THE BATMAN from Warner Bros. and DC."
The attendance outpaced the year-over-year attendance for the same weekend in 2019 and 2020.
According to the company's press release, AMC recorded a greater than 29% market share of THE BATMAN box office in the United States, with the top three theatres in the U. S. based on The Batman box office all AMCs. Furthermore, eight of the top 10 locations were AMCs.
In addition to ticket sales, the company recorded its third-highest popcorn sales weekend since reopening, while two of its "key strategic" location acquisitions in 2021 saw big attendance numbers.
"We are gratified to see AMC's U.S. market share of 29% be this high, signaling that millions of guests chose to see this very successful theatrical release with us. And materially leading the way were our premium screens, namely IMAX (NYSE:IMAX) at AMC, Dolby Cinema at AMC and PRIME at AMC," said Adam Aron, chairman and CEO of AMC.