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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 saw record per-patron spend in both box office and concessions, with standout titles like Avatar: Fire and Ash, Zootopia 2, and Wicked Part Two driving premium format attendance and a strong December rebound.
Entertained 10.1 million guests in Q4 2025, up 8.9% year-over-year, and achieved a diversified business model with strong contributions from Film Entertainment & Content, Media, and Location-Based Entertainment segments.
Full-year 2025 revenue reached $1.285 billion, with adjusted EBITDAaL of $92 million and a net loss of $36.9 million, a $67.3 million improvement from the prior year.
Premium experiences accounted for 43.2% of box office revenues, and international films contributed a record 11.2% share.
Completed the sale of Cineplex Digital Media for $70 million, using proceeds for share repurchases, debt repayment, and general purposes.
Financial highlights
Q4 2025 revenue was $334.8 million, down 1.8% year-over-year, with adjusted EBITDAaL of $35.1 million (10.5% margin).
Annual revenue increased 0.8% to $1.285 billion; adjusted EBITDAaL rose to $92 million, and net loss from continuing operations improved to $(36.9) million.
Box office per patron reached a record $13.87 in Q4 and $13.29 for the year; concession per patron hit $9.92 in Q4 and $9.72 for the year.
Cinema media revenues grew 12.5%–13.1% year-over-year in Q4, with per-patron media revenue up to $3.33.
Location-Based Entertainment revenue grew 6.8%–10.3% to $141.9 million, with adjusted EBITDAaL margin rising to 15.9%.
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.
Focus on deleveraging to achieve a target leverage ratio of 2.5x–3.0x, with capital allocation priorities including debt reduction, strategic investments, and shareholder returns.
CapEx guidance for 2026 is $50 million, with a focus on maintenance, balance sheet strength, 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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