Canada's Cineplex Q2 revenue rises to record high driven by live FIFA World Cup screenings
Canada's Cineplex Q2 revenue rises to record high driven by live FIFA World Cup screenings
Overview
Canada cinema operator's Q2 revenue rose 10% yr/yr to record C$384 mln
Adjusted EBITDAaL for Q2 climbed 20% yr/yr, net income improved to C$7.8 mln
Growth driven by higher attendance and record food service sales per patron
Outlook
Cineplex cites a robust content pipeline through 2027 and improving industry fundamentals
Result Drivers
FILM SLATE & ATTENDANCE - Co said higher attendance and a more consistent, diverse film slate drove Q2 revenue growth
RECORD PER-PATRON SPENDING - Co reported all-time highs for box office and concession revenue per patron, citing strategic pricing and increased purchase incidence
ALTERNATIVE PROGRAMMING - Co leveraged theatre network for live FIFA World Cup screenings and event cinema, supporting engagement
Company press release: ID:nGNX27rpM2
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| C$383.72 mln |
|
Q2 EPS |
| C$0.12 |
|
Q2 Net Income |
| C$7.80 mln |
|
Q2 Adjusted EBITDA |
| C$81.81 mln |
|
Reuters Recommended Reads
Aug 11 - China's Tencent Music Q2 revenue rises on increased concert, merchandise sales
Aug 10 - Galaxy Gaming Q2 revenue rises 5% on record recurring sales
Aug 10 - GEN Restaurant reviewing proposal to sell US restaurant operations
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
Recent news on Cineplex
See all newsCanada's Cineplex Q3 revenue jumps 26% to record high
Brief: Cineplex Q3 EPS CAD 0.34
Canada Research Roundup: Athabasca Oil, Element Fleet Management, MDA Space
Brief: Cineplex Appoints Bill Walker As Chief Executive Officer And Announces Strategic Review
Canada's Cineplex Q2 revenue rises to record high driven by live FIFA World Cup screenings