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Cineplex Shrinks First Quarter Loss on Higher Theatre Attendance, Box Office Revenue
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Cineplex Shrinks First Quarter Loss on Higher Theatre Attendance, Box Office Revenue

The Hollywood Reporter·Etan Vlessing·22 days ago
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Cineplex trimmed its first quarter loss by 36 percent to CAN$22.4 million (US$16.3 million) as theater attendance rose 17 percent to 9.84 million patrons. That helped lead total revenues at the Canadian exhibition giant up 15.6 percent to CAN$291 million (US$213.6 million) as major Hollywood titles like Project Hail Mary and Pixar’s Hoppers played on Cineplex screens. Box office revenues at CAN$127.4 million (US$93.2 million) rose 25 percent on last year’s performance during the same period. And international titles delivered 13 percent of ticket receipts during the first quarter as Cineplex continues to lean on foreign films and higher ticket prices for premium screen formats to drive incremental revenues.…

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