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Cineplex
Cineplex (CGX) investor relations material
Cineplex Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary11 Feb, 2026
Executive summary
Q4 2025 featured a strong film slate with titles like Avatar: Fire and Ash, Zootopia 2, and Wicked Part Two, driving premium format attendance and record per-patron metrics.
Full-year 2025 saw steady performance, with box office revenues at 105% of the prior year from April to December and a record share of premium experiences; premium experiences accounted for 43.2% of box office revenues, and international films contributed a record 11.2% share.
Generated $91.6 million in Adjusted EBITDAaL, up 1.7% year-over-year, and reported a net loss of $36.9 million, a $67.3 million improvement from the prior year.
Cinema Media revenue grew 13.1% year-over-year, with record media per patron of $2.12 and expanded advertising partnerships.
Completed the sale of Cineplex Digital Media for up to $70 million, enhancing liquidity and enabling share repurchases.
Financial highlights
Q4 revenue was CAD 334.8 million, down 1.8% year-over-year, mainly due to lower attendance.
Full-year revenue increased 0.8% to CAD 1.2 billion ($1.28 billion); adjusted EBITDA rose to CAD 91.6 million from CAD 90 million.
Adjusted EBITDA for the year was $253.1 million, down 7.4% year-over-year; annual net loss from continuing operations was $36.9 million, a 64.6% improvement.
Box office per patron reached a record CAD 13.87 ($13.29), and concession per patron hit a Q4 record of CAD 9.92 ($9.72).
Adjusted free cash flow for the year was $17.9 million, down 87.3% year-over-year.
Outlook and guidance
2026 is expected to be significantly stronger, with anticipated box office growth of 8%-15% and a robust film slate including major franchises and original titles.
January 2026 box office revenues were 14% higher than January 2025, indicating a strong start to the new year.
CapEx guidance for 2026 is CAD 50 million, focusing on maintenance, balance sheet strength, shareholder returns, and selective growth.
Net impact of CDM divestiture on cash flow?
Strategy to reverse declining theatre attendance?
LBE new locations' path to EBITDAaL accretion?
Leverage ratio target and timeline?
LBE same-store revenue growth outlook
Film cost trends and margin outlook
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Next Cineplex earnings date
Q1 20268 May, 2026
Cineplex
Next Cineplex earnings date
Q1 20268 May, 2026
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Frequently asked questions
Cineplex Inc operates movie theaters and entertainment venues across Canada. It provides film exhibition, food service, amusement gaming, and digital media advertising through its multiple entertainment brands. The company is headquartered in Toronto, Canada, and its shares are listed on the TSX.
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