Cineplex Q3 revenue falls 8.7% on lower attendance

Cineplex

06/11/2025 11:42

Overview

Cineplex Q3 revenue declines 8.7% yr/yr due to lower attendance

Net income from continuing operations contrasts with prior yr loss

Company sells digital media division to enhance financial flexibility

Outlook

Company expects enhanced financial flexibility from sale of Cineplex Digital Media

Cineplex aims to reduce leverage and pursue strategic share repurchases

Company committed to delivering consistent cash flow and long-term shareholder value

Result Drivers

ATTENDANCE DECLINE - 9.1% drop in theatre attendance attributed to lack of blockbuster comparable to last year's 'Deadpool & Wolverine'

PREMIUM EXPERIENCES - Premium experiences accounted for 44.7% of total box office revenue, highlighting continued demand

INTERNATIONAL FILMS - International films contributed 13.6% of box office revenues, marking a record share for the third quarter

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
C$348.94 mln
Q3 EPS
C$0.02
Q3 Net Income
C$1.21 mln
Q3 Adjusted EBITDA
C$73.05 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$14.00, about 10.3% above its November 5 closing price of C$12.56

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nCNWjd33wa

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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.)