https://wccftech.com/amc-entertainments-nyse-amc-nft-strategy-just-became-a-lot-clearer/

AMC Entertainment (NYSE:AMC), the distressed movie theater chain that has seen a dramatic reversal in fortunes amid a surge in the interest of retail investors, just announced its earnings for the third quarter of 2021. While the results show broad-based recovery, the company’s financial bottom-line is yet to match its pre-pandemic levels.

For the three months that ended on the 30th of September 2021, AMC Entertainment reported non-GAAP revenue of $755.6 million on the back of 40 million worldwide theatergoers, divided among 596 domestic and 351 international theaters. While the company generated a negative free cash flow of -$138 million, its cash balance at the end of the quarter stood at $1.6125 billion. Finally, the company reported an adjusted EBITDA of -$5.9 million along with a net loss of -$224.2 million.