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Cineplex
Cineplex (CGX) investor relations material
Cineplex Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Q3 2025 revenues were $348.9 million, down 8.7% year-over-year, mainly due to a weaker film slate and 9.1% lower attendance, but per-patron spend reached a record $13.23 and net income turned positive at $1.4 million, reversing a prior year loss.
Premium experiences accounted for 44.7% of box office, and international films reached a record 13.6% share, with alternative content and new LBE venues driving engagement.
Adjusted EBITDAaL was $33.3 million (margin 9.6%), down from $47.9 million (margin 12.5%) in Q3 2024.
The sale of Cineplex Digital Media (CDM) for $70 million will strengthen the balance sheet, support share buybacks, debt reduction, and other corporate purposes.
Kevin Johnson was appointed to the Board of Directors, bringing significant media and advertising expertise.
Financial highlights
Q3 2025 total revenue was $348.9 million, down from $382.3 million in Q3 2024.
Box office revenue was $159.5 million, down 8.8% year-over-year; attendance was 12.1 million, down 9.1% year-over-year but up 5% sequentially from Q2.
Concession per patron (CPP) was $9.65, down 2% year-over-year; theatre food service revenue was $130.3 million.
Cinema media revenue grew 6.1% to $19.2 million; location-based entertainment (LBE) revenue rose 11.3% to $34.6 million, driven by new venues.
Adjusted free cash flow per share was $0.244, compared to $(0.120) in Q3 2024.
Outlook and guidance
Management expects a stronger film slate for Q4 2025 and into 2026, with more wide releases, premium content, and increased group/event activity.
Proceeds from the CDM sale will be used to strengthen the balance sheet, support share repurchases, debt reduction, and strategic investments.
Full-year net capital expenditures are expected to be $40–50 million.
Labour Day promotion's Q3 financial impact
Strategic rationale for CDM sale
International film product's Q3 box office share
LBE same-store decline, plan for existing venues?
Cinema Media growth despite attendance drop, what sustains it?
CDM proceeds: debt reduction vs. share buybacks priority?
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Next Cineplex earnings date
Q4 202511 Feb, 2026
Cineplex
Next Cineplex earnings date
Q4 202511 Feb, 2026
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Frequently asked questions
Cineplex Inc operates movie theaters and entertainment venues across Canada. It provides film exhibition, food service, amusement gaming, and digital media advertising through its multiple entertainment brands. The company is headquartered in Toronto, Canada, and its shares are listed on the TSX.
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