Wanda Film Holding (002739) Q3 2026 earnings summary

Executive summary

• Q3 revenue was ¥3.307bn, up 6.77% YoY; net income attributable to shareholders was ¥160.6m, down 6.93%, while adjusted net income rose 22.08% to ¥160.1m.

• Q3 revenue and net income both increased significantly QoQ; domestic cinema market share remained ahead of the national box office trend.

Financial highlights

• YTD revenue was ¥8.397bn, down 14.20% YoY; attributable net income was ¥5.7m, down 99.20%, and adjusted results were a ¥125.4m net loss.

• YTD consolidated net income was ¥6.5m versus ¥713.0m a year earlier; lower box office and relatively fixed cinema operating costs weighed on results.

• YTD non-recurring gains totaled ¥131.1m, including government grants, investment-related gains and the Val Morgan Digital disposal; adjusted earnings exclude these items.

• YTD operating cash flow was ¥1.123bn, down 46.32% YoY, reflecting lower ticketing and merchandise receipts.

Outlook and guidance

• Film pipeline includes titles such as The Wandering Earth 3, Cold War 1995 and Journey to the West:真假美猴王; a concert film was also in post-production.

• Plans include expanding cinema-based entertainment, immersive audio experiences and “film + tourism” programming, alongside broader content distribution.

• “Pin Together for Good Films” expanded beyond films into series, variety shows, animation, sports and classic re-releases, broadening cinema content options.