Premium Experiences Drive Revenue
Nearly 45% of the third quarter box office revenue came from premium experiences, with the top three grossing films generating over 60% of their box office performance from these formats.
Record-Breaking Alternative Content
Anime film Demon Slayer: Kimetsu no Yaiba Infinity Castle became the highest grossing foreign language film in history domestically and at Cineplex, reflecting a strategic win for the alternative content portfolio.
LBE Revenue Growth
Location-Based Entertainment (LBE) revenue reached a third quarter record of $34.6 million, up 11.3% year-over-year, driven by the addition of three new locations.
Cinema Media Revenue Increase
Cinema Media Q3 revenues increased by 6.1% to $19.2 million despite a decrease in attendance, driven by an increase in Showtime revenues.
Sale of Cineplex Digital Media
Cineplex announced the sale of Cineplex Digital Media for gross cash proceeds of $70 million, intended to strengthen the balance sheet and fund share buybacks and debt reduction.