Cineplex Reports June Box Office Results
For the first time since 2019, Cineplex delivered a quarter in which box office revenues exceeded $50 million in each month, reflecting the strength of the film slate and the continued appeal of the theatrical experience. A steady stream of blockbuster titles, combined with strong consumer demand for our premium formats drove sustained attendance and revenue growth throughout the second quarter.
June was a strong month, led by the live-action adaptation of How to Train Your Dragon, which has already surpassed the domestic box office total of the original animated film in just a few weeks. F1: The Movie also made a powerful impact, setting a record for the biggest opening of any Apple Original film and delivering the largest global opening weekend of Brad Pitt's career. The film resonated particularly well with audiences, with 76.7% of its opening weekend box office generated through premium formats.
Looking ahead, Q3 is already off to a roaring start with Jurassic World: Rebirth. The momentum continues through July with a high-powered slate including Superman, I Know What You Did Last Summer and Fantastic Four: First Steps.
Cineplex (TSX: CGX) 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). Providing even more value for its guests, Cineplex is a partner in Scene+, Canada's largest entertainment and lifestyle loyalty program.
Proudly recognized as having one of the country's Most Admired Corporate Cultures, Cineplex employs over 10,000 people in its offices and venues across Canada. To learn more, visit Cineplex.com.
Caution Regarding Forward-Looking Statements
Certain statements and/or information in this news release (identified by words such as "may", "will", "could", "should", "would", "suspect", "outlook", "believe", "plan", "anticipate", "estimate", "expect", "intend", "forecast", "objective" and "continue" (or the negative thereof)), and words and expressions of similar import, and similar expressions suggesting future events or future performance are intended to identify forward-looking statements. Such forward-looking statements are based on expectations and assumptions made by Cineplex and is subject to risks and uncertainties which may be beyond Cineplex's control. A comprehensive discussion of risks that may impact Cineplex can be found in Cineplex's public reports and filings, including those described in Cineplex's Annual Information Form for the year ended December 31, 2023 ("AIF"), and the management's discussion and analysis for the year ended December 31, 2024 ("Annual MD&A"), which are available under the Company's profile on Sedar+ (www.sedarplus.ca). The foregoing list of factors that may affect future operations and results is not exhaustive. Readers are cautioned that undue reliance should not be placed on forward-looking statements as actual operations and results may vary materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. Cineplex does not undertake to update, correct or revise any forward-looking statements as a result of any new information, future events or otherwise, except as may be required by applicable law
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