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Cineplex recorded profits of $30.9 million and revenues increased by more than 30% compared to last year.

Cineplex recorded profits of $30.9 million and revenues increased by more than 30% compared to last year.

By Omayma othmani

Published: November 10, 2022

Cineplex Inc reported a profit in its latest quarter compared to a loss in the previous year as theater attendance and revenues increased by more than 30 percent. The cinema company said it earned $30.9 million or 43 cents per diluted share for the quarter ending September 30. The result was compared to a loss of $33.6 million or 53 cents per diluted share in the previous year.

Also, total revenues reached $339.8 million, up from $250.4 million in the same quarter last year, as theater attendance increased by 34 percent compared to the previous year. Cineplex said box office revenues reached 70 percent of the level recorded in the third quarter of 2019.

Furthermore, box office revenues per patron were $11.25 in this quarter, down from $11.38 a year ago, while concession revenues per patron were $8.35, down from $8.58 in the same quarter last year.

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