AMC rockets on record revenue as CEO shrugs off doom-mongers

AMC Entertainment surged about 24% after reporting quarterly revenue of $1.6 billion and a record adjusted EBITDA, with CEO Adam Aron calling the quarter unprecedented; the results were aided by blockbuster releases and pricing strategies that boosted attendance, with domestic ticket revenue up roughly 11% and European attendance up 18%; the stock remains a meme-stock favorite despite capital raises and a long-term decline from its 2021 highs (about 99% lower); year-to-date the shares are up around 49%.