Cineplex Inc. reported net income of $29.7 million in its latest quarter, down from $30.9 million a year ago, as Barbie, Oppenheimer and Mission Impossible: Dead Reckoning helped its revenue hit an all-time quarterly record. A Cineplex theatre is shown in Ottawa, Friday May 22, 2015. THE CANADIAN PRESS/Adrian Wyld
TORONTO – Cineplex Inc. reported net income of $29.7 million in its latest quarter as Barbie, Oppenheimer and Mission Impossible: Dead Reckoning helped its revenue hit an all-time quarterly record.
The movie theatre company says the profit amounted to 40 cents per diluted share for the quarter ended Sept. 30, down from $30.9 million or 43 cents per diluted share a year earlier.
The results for the quarter last year included a $49.8-million one-time gain related to the reorganization of its Scene loyalty program.
Revenue for the quarter this year totalled $463.6 million, up from $339.8 million in the same quarter last year.
The increase came as theatre attendance rose to nearly 15.7 million for the quarter compared with nearly 11.1 million a year earlier.
Box office revenue per patron rose to $12.00 compared with $11.25 a year ago, while concession revenue per patron was $8.44, up from $8.35 in the same quarter last year.
This report by The Canadian Press was first published Nov. 9, 2023.
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