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Investing.com -- Cineplex Inc . (TSX:CGX) reported a significant revenue increase for the second quarter of 2025, with total revenues reaching $361.8 million, up 30.5% compared to the same period last year. The company narrowed its quarterly loss to -$0.03 per diluted share, a substantial improvement from -$0.33 per share in the prior year.
The Canadian entertainment company’s performance was driven by a 32.7% increase in theatre attendance, with 11.6 million guests visiting Cineplex locations during the quarter. Box (NYSE:BOX) office revenues jumped 38.4% to $158.5 million, fueled by strong performances from films like "A Minecraft Movie," "Lilo & Stitch," and "Mission: Impossible - The Final Reckoning." Shares of Cineplex rose 1.5% following the announcement.
"The strong second quarter results demonstrated the powerful combination of consistent, high-quality content and the consumer appetite for premium experiences," said Ellis Jacob, President and CEO of Cineplex. "Guests responded enthusiastically to a diverse slate of family, action, horror and adventure films, driving the significant attendance increase over the prior year."
The company achieved record quarterly results in key metrics, with Box Office per Patron reaching $13.68 and Concession per Patron hitting $10.04, representing increases of 4.3% and 5.0% respectively compared to the prior year. Premium experiences accounted for 46.2% of total box office revenue.
Cineplex’s media business saw a 9.1% revenue increase YoY to $31.8 million, with cinema media growing 4.1% and digital place-based media rising 17.8%. The company’s location-based entertainment segment posted record second-quarter revenues of $33.2 million, up 13.0% from the previous year, benefiting from three new locations opened in late 2024.
The company generated $33.4 million in Adjusted EBITDAaL (Earnings Before Interest, Taxes, Depreciation, Amortization, and Lease-related expenses), a dramatic improvement from just $0.9 million in the same quarter last year, reflecting the strong operational performance across all business segments. While still in the red, the company’s significantly improved revenues and pared losses contributed to a 1.5% share rise.