AMC jumps after Lilo & Stitch, Mission: Impossible movies boost box office to record

Cinemark Holdings

27/05/2025 15:51

** Shares of AMC Entertainment AMC.N up 12.8% to $3.66 early Tues after moviegoers flocked to its locations over the U.S. Memorial Day weekend

** AMC shares rising for third straight session, hit over three-mth high

** AMC says strong openings of "Lilo & Stitch" and "Mission: Impossible - The Final Reckoning" helped it register a record-breaking Memorial Day holiday weekend performance

** From an overall rev perspective, co says this was its biggest weekend of 2025 and 5-day performance ranks as third-best 5-day period in more than a decade

** "With many more potentially huge movies coming in June all the way through the end of 2025, and beyond that deeply into 2026 as well, we firmly expect to be enjoying a robust theatrical box office as we look ahead," AMC CEO Adam Aron said in the statement

** Ticket sales this weekend for Walt Disney's DIS.N live-action remake of "Lilo & Stitch" were $314.7 mln around the world, and Mission: Impossible," distributed by Paramount Global PARA.O, racked up $205.5 mln globally

** Separately, shares of theater operator Cinemark Holdings CNK.N up ~3% and IMAX Corp's IMAX.N stock rising 3% on Tues

** With move on the session, AMC shares up 37% this month. Stock ended 2024 at $3.98

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))