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Cineplex (CGX) investor relations material
Cineplex Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary12 Aug, 2025
Executive summary
Q2 2025 saw 11.6M guests, a 33% year-over-year increase, with box office revenue up 38.4% to $158.5M and premium formats accounting for 46.2% of box office.
Record box office per patron ($13.68) and concession per patron ($10.04) were achieved, reflecting strategic pricing and increased concession sales.
Cineclub membership surpassed 200,000, growing 10.3% year-to-date, and Scene+ loyalty program exceeded 15M members.
Adjusted EBITDAAL reached $33.4M (vs. $0.9M in Q2 2024), with margin improving to 9.2%; net loss from continuing operations narrowed to $2M from $21M.
Media and LBE segments delivered revenue growth despite a soft advertising market and Q2 seasonality.
Financial highlights
Total Q2 revenue was $361.8M–$362M, up 30.5%–31% year-over-year; adjusted EBITDAAL reached $33.4M (vs. $0.9M in Q2 2024), including a $2.9M restructuring charge.
Box office revenue rose to $158.5M, with adjusted EBITDAL margin in the film segment at 12.2%.
Media revenue increased 9.1% to $31.8M; cinema media up 4.1%, digital place-based media up 17.8%, and project revenue up 18.2%.
LBE revenue grew 13% to $33.2M, with adjusted store-level EBITDA up 21.8% and margin improving to 17.5%.
Food service revenue increased to $130.4M from $96.7M year-over-year.
Outlook and guidance
Anticipates continued strong box office performance into Q3, supported by a robust film slate and premium experiences.
Expects full-year net CapEx of $40M–$50M, consistent with prior guidance.
LBE same-store revenue expected to decline 3–5% year-over-year in 2025.
Restructuring savings of ~$10M annualized expected to benefit the back half of 2025 and beyond.
Path to exceed pre-pandemic profitability with run-rate EBITDAAL projected at $243–278M at 75–80% of 2019 attendance.
Assess impact of IFRS 18 adoption.
How does Cineplex define adjusted EBITDAaL?
What's the status of the Competition Bureau appeal?
Timing of $10M annualized savings from restructuring?
LBE same-store revenue decline drivers?
Triggers for active share repurchases?
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Next Cineplex earnings date
Q3 20256 Nov, 2025
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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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