Marcus Corp Q3 revenue beats on ticket prices

Marcus

29/10/2026 11:55

Overview
US entertainment and hospitality firm's Q3 revenue rose 13% yr/yr, beating analyst expectations
Q3 adjusted EBITDA beat analyst expectations
Theatre revenue growth driven by blockbuster films; hotel results aided by strong leisure demand

Outlook
Company expects strong holiday movie slate to drive theatre attendance in Q4 2026
Company sees hotel demand benefiting from Milwaukee Brewers playoff run and holiday travel
Marcus says upper upscale hotels remain well positioned into 2027

Result Drivers
BLOCKBUSTER FILMS - Marcus said record theatre revenue was driven by strong attendance for Spider-Man: Brand New Day, The Odyssey, and other family-friendly films
HIGHER TICKET AND CONCESSION PRICES - Co said average ticket prices rose 4.3% and concession revenue per person increased 3.8% due to pricing changes and movie-themed merchandise sales
LEISURE TRAVEL DEMAND - Marcus Hotels & Resorts saw record Q3 revenue, driven by strong summer leisure travel and higher room rates

Company press release: ID:nBw6DtYPMa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$237.8 mln
$230.36 mln (5 Analysts)
Q3 Net Earnings
 
$18.80 mln
 
Q3 Adjusted EBITDA
Beat
$49.1 mln
$46.31 mln (5 Analysts)
Q3 Operating Income
 
$30.30 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "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 Marcus Corp is $33.00, about 16.9% above its October 28 closing price of $28.22
The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 39 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.)