UPDATED with details of executive compensation plan:
The numbers were good. The giant theater chain’s revenue reached $1.4 billion, up 2.4%. It swung to a net loss of $13.5 million in the fourth quarter on a hit from one[time items but excluding those posted a profit of nearly $40 million.
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The company said the A-List tier of its AMC Stubs loyalty program, which launched in June 2018, has attracted more than 900,000 subscribers. During the first quarter of 2019, AMC implemented a 10% membership price increase in ten states and a 20% price increase in five states. He said the program exceeded expectations and appeared to be profitable for the quarter and the year.
AMC has 1,006 theaters and 11,,091 screens in the top five biggest markets in the country, including New York, Phildalelphia, San Francisco Atlanta and Dallas. It operates 22 of the 50 highest-grossing theaters in the U.S., including four of the top five.
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