Improved EBITDA and Net Loss
Positive EBITDA increased 26% from Q3 2024 to $3.6 million, marking five consecutive quarters of positive EBITDA. The net loss improved by 41%, representing the best third quarter result since Q3 2019.
Debt Reduction and Interest Expense Decrease
Global debt balance reduced by 15% from December 31, 2024, to September 30, 2025, and interest expense decreased by $2.6 million or 17% compared to the same period last year.
Record Food and Beverage Spend Per Patron
Highest third-quarter F&B SPP ever recorded in all markets: AUD 8.05 in Australia, NZD 6.75 in New Zealand, and $8.74 in the U.S.
Strong Upcoming Film Slate and Presales
Global presales for 'Wicked: For Good' reached almost $850,000, indicating strong demand. The 2026 film slate includes major franchise releases like Spider-Man: Brand New Day, Toy Story 5, and Shrek 5.
Live Theater Segment Success
U.S. Real Estate division delivered its best Q3 operating income since 2014, with a 35% increase in revenue and a 433% increase in operating income.
Strategic Real Estate Sales
Sales of Cannon Park and Wellington assets led to significant debt reduction and provided liquidity to meet operational needs.