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(Reuters) -AMC Entertainment surpassed Wall Street estimates for second-quarter revenue on Monday, as top U.S. blockbusters such as "A Minecraft Movie" and "Lilo & Stitch" drove more people to its theater chains. Shares of the company rose 7% in premarket trading, after it also reported a nearly 26% jump in attendance during the period. "Clearly, moviegoing guests prefer to see their favorite films in the most immersive, most spectacular formats possible," CEO Adam Aron said. "Our premium auditoriums are operating at close to three times the occupancy of a regular auditorium and command a healthy price premium to boot." The film industry across the globe has benefited from a recovering box office and growing consumer demand for premium moviegoing experiences. Warner Bros Discovery (NASDAQ:WBD)’s video game-based film "A Minecraft Movie" grossed nearly $1 billion globally, helping the company report 55% growth in the studio unit and a surprise profit during the April to June period. AMC’s second-quarter revenue rose 35.6% to $1.40 billion. Analysts on average estimated $1.35 billion, according to data compiled by LSEG. Aron said the company would continue to roll out more IMAX (NYSE:IMAX), Dolby Cinema, Prime, iSense, XL and Laser equipped screens. Its net loss stood at $4.7 million, compared with the loss of $32.8 million a year earlier. With WBD making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed WBD alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including WBD, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is WBD poised for similar growth? Don't miss the opportunity to find out.