Cineplex Inc. has released its financial results for the three months ended March 31, 2025.
Q1 2025 Highlights:
- Entertained 8.4 million moviegoers and delivered $264.3 million in revenue
- Delivered a record Q1 concession per patron (CPP) of $9.13
- International programming represented 14.7% of Q1 box office, outperforming the domestic market
- Impressive return of cinema advertising contributing to a 38% increase in media revenues and a Q1 cinema media per patron of $2.04
- Increased Digital-Place-Based Media revenue by 26.5%
“While the first quarter landed softer than expected due to March performance, the success of A Minecraft Movie at the start of the second quarter, paired with the optimism following CinemaCon, has energized the exhibition industry,” said Ellis Jacob, President and CEO, Cineplex.
“A highly engaged cinema audience coupled with a steady and predictable film slate is driving interest and investment from advertisers leading to a 38% growth in cinema media revenue. Our digital media business revenue grew by 26.5%, reaping the benefits of our expanded and established digital out of home national mall network, paired with project revenue growth.
“We generated record quarterly Location-Based Entertainment (“LBE”) revenue of 10.5% over the prior year, with the addition of three new locations at the end of 2024.
“With the impacts of the writers’ and actors’ strikes behind us in the first quarter, we’re excited by the robust and diverse film slate moving forward. The April box office delivered a remarkable 76% growth over the previous year.
“The breadth of major releases ahead is building meaningful momentum and reinforcing confidence across the industry. The growth and outlook of our industry positions us to return meaningful value to shareholders.”
Cineplex is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. Cineplex offers a unique escape from the everyday to millions of guests through its circuit of 172 movie theatres and location-based entertainment venues. In addition to being Canada’s largest and most innovative film exhibitor, the company operates Canada’s favourite destination for ‘Eats & Entertainment’ (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion).
It also operates successful businesses in cinema media (Cineplex Media), digital place-based media (Cineplex Digital Media or CDM), alternative programming (Cineplex Events) and motion picture distribution (Cineplex Pictures).
Cineplex is a partner in Scene+, Canada’s largest entertainment and lifestyle loyalty program.
Related Retail Insider stories:
