Canada's Cineplex Q1 revenue rises on higher theatre attendance

Cineplex

11/05/2026 11:41

Overview

Canada cinema operator's Q1 revenue grew yr/yr, highest since 2019

Adjusted EBITDA for Q1 rose nearly 50% yr/yr

Company repurchased 463,506 shares under NCIB during quarter

Outlook

Cineplex expects to capitalize on upcoming film releases to improve cash flow

Result Drivers

THEATRE ATTENDANCE - Q1 box office revenue rose 25% yr/yr, driven by a 17.3% increase in theatre attendance, supported by promotional pricing and strong film slate

PER-PATRON SPENDING - Achieved record box office per patron of C$12.94 and concession per patron of C$9.54, reflecting higher spend per guest

INTERNATIONAL CONTENT - International films accounted for 13% of box office revenue, with record-setting performance from titles such as Dhurandhar: The Revenge

Company press release: ID:nGNX8YMkvN

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$290.98 mln
Q1 EPS
-C$0.36
Q1 Net Income
-C$22.39 mln
Q1 Adjusted EBITDA
C$44.72 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the leisure & recreation peer group is "buy"

Wall Street's median 12-month price target for Cineplex Inc is C$12.50, about 5.9% above its May 8 closing price of C$11.80

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 15 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)