Box Office DeclineThe box office results for Q1/25 came in notably lower than expected totalling $101.9M, compared to the original projection of $130.1M, ~65% of pre-pandemic levels.
Economic ImpactEconomic slowdown is expected to reduce F25 same-store LBE revenues by ~3-5%.
Profitability ConcernsIn terms of profitability, adj. EBITDAaL both missed expectations, primarily due to the lower box office attendance.