Cineplex Reports Third Quarter 2025 Results
Executive Summary
- Cineplex reported Q3 2025 total revenues of $348.9 M, down 8.7% YoY, and a net loss from continuing operations of $1.4 M versus a profit of $22.9 M in Q3 2024 (Material‑Negative).
- Adjusted EBITDAaL fell to $33.3 M, a 30.4% decline year‑over‑year; adjusted free cash flow turned positive at $15.5 M after a $7.7 M outflow in the prior year.
- The company announced the appointment of Kevin Johnson (CEO, WPP Media Canada) to its Board of Directors and disclosed the sale of its Digital Media subsidiary for $70 M cash.
Key Details
- Financial Highlights – Q3 2025 vs. Q3 2024
- Total revenues: $348.9 M (-8.7%).
- Theatre attendance: 12,054 k patrons (-9.1%).
- Net income (loss) from continuing operations: $(1.4 M) vs. $(22.9 M) loss previous year – material improvement but still a loss.
- Adjusted EBITDAaL: $33.3 M (-30.4%).
- Adjusted free cash flow: $15.5 M (+$23.2 M YoY).
- Box office revenue per patron (BPP): $13.23, up 0.3% YoY.
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Concession revenue per patron (CPP): $9.65, down 2.0% YoY.
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Segment Performance
- Film Entertainment – Box office revenues $159.5 M (-8.8%). Premium experiences accounted for 44.7% of box office revenue.
- Cinema Media – Revenues $19.2 M (+6.1%).
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Location‑Based Entertainment – Revenues $34.6 M (+11.3%) with three new venues opened in late 2024; adjusted store‑level EBITDAaL $5.8 M (-23.7%).
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Strategic Transactions
- Sale of Cineplex Digital Media (DDC Group International Inc.) for cash proceeds of $70.0 M, subject to post‑closing adjustments.
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Renewal of Normal Course Issuer Bid (NCIB) authorizing repurchase/cancellation of up to 6.3 M common shares (≈10% of public float).
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Board Appointment – Effective immediately, Kevin Johnson, CEO of WPP Media Canada and President of WPP Canada, joins the Board of Directors.
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Other Notable Items
- Tribute to the late board member Nadir Mohamed.
- Scene+ loyalty program membership exceeds 15 M members as of Sept‑30‑2025.
- Quarterly webcast scheduled for Thursday, Nov 6 2025 at 10:00 a.m. ET (audio link provided).
Notable Quotes
“The consistency of film product and the continued appetite for premium experiences remained evident throughout the third quarter despite not having a title comparable to last year's historic Deadpool & Wolverine,” – Ellis Jacob, President & CEO, Cineplex.
“Audiences responded enthusiastically to a diverse slate of original and international films, reinforcing the value of our elevated and immersive theatrical offerings.” – Ellis Jacob.