Cineplex Reports Third Quarter 2025 Results
Press Release
TORONTO, Canada, November 6, 2025 (TSX: CGX) – Today, Cineplex Inc. (“Cineplex” or the “Company”) released its financial results for the three and nine months ended September 30, 2025. Unless otherwise specified, all amounts contained in this news release are in Canadian dollars.
Q3 2025 Highlights:
⦁ Generated Adjusted EBITDAaL of $33.3 million, compared to $47.9 million in the prior year primarily due to an attendance decline of 9.1% as the prior year benefited from the record-breaking performance of Deadpool & Wolverine
⦁ Premium experiences accounted for an impressive 44.7% of total box office revenue
⦁ International film product contributed 13.6% of total box office revenues, marking the highest third quarter share in Cineplex’s history
⦁ Cinema Media per Patron increased 16.7% year-over-year
⦁ Renewed Normal Course Issuer Bid (“NCIB”) Program
“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,” said Ellis Jacob, President and CEO, Cineplex. “Audiences responded enthusiastically to a diverse slate of original and international films, reinforcing the value of our elevated and immersive theatrical offerings.
Cinema media remains a premium platform for advertisers, with sustained year-over-year growth reflecting resilience despite a challenging advertising market. Subsequent to quarter end, we announced the sale of Cineplex Digital Media, which will enhance our financial flexibility, enabling us to reduce leverage, pursue strategic share repurchases within the parameters of our current debt agreements and allocate capital toward broader corporate priorities.
We also saw contributions from our Location-Based Entertainment portfolio, with the addition of three new venues in late 2024, driving incremental revenue over the prior year. Together, these achievements underscore our commitment to delivering consistent cash flow and long-term value for our shareholders.
This past September, we were deeply saddened by the passing of Nadir Mohamed a member of the Board of Directors since 2017. His strategic insight and thoughtful leadership contributed to many impactful decisions that will continue to shape the Company’s future. This marks a profound loss for Cineplex and the Canadian entertainment industry.”
ANNOUNCES APPOINTMENT OF KEVIN JOHNSON TO BOARD OF DIRECTORS
The Company is pleased to announce the appointment of Kevin Johnson to its Board of Directors, effective immediately. Mr. Johnson is a recognized leader in the Canadian media and advertising industry, currently serving as CEO of WPP Media Canada and President of WPP Canada. Mr. Johnson has more than two decades of experience driving growth and innovation and brings deep expertise in marketing strategy and new business development.
His strategic vision and experience will be invaluable in advancing the Company’s strategic priorities in the film entertainment, media and location-based entertainment businesses.
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