Cineplex Q2 2022 Reports Positive Net Income and Strongest Results Since Pandemic Began
TORONTO , Aug. 11, 2022 |CNW| - (TSX: CGX ) - Cineplex Inc. ("Cineplex" or the "Company") today released its financial results for the three and six months ended June 30, 2022 . Unless otherwise specified, all amounts are in Canadian dollars. "Cineplex delivered its strongest quarter in over two years, thanks to a great film slate and record-breaking results from across our diversified businesses," said Ellis Jacob , President CEO, Cineplex. "The cumulative success of Top Gun: Maverick , Doctor Strange in the Multiverse of Madness , and Jurassic World Dominion during the quarter – which saw each film opening with a domestic box office over $100 million – is a testament to the fact that when strong film product is available, Canadians return to our theatres in droves. We generated positive net income for the first time since the start of the pandemic. We also achieved a second quarter record BPP of $12.29 and an all-time quarterly record CPP of $8.84 . We also saw very encouraging results in our other businesses, including an all-time quarterly record adjusted EBITDAaL in Player One Amusement Group and record second quarter adjusted EBITDAaL in the Location-Based Entertainment business." Jacob continued, "in addition to reporting our strongest results since the pandemic began, this quarter we are celebrating a few other important milestones from across the business, including the expansion of the Scene loyalty program and Empire Company Limited joining Scotiabank and Cineplex as partners.
Cineplex Q2 2022 Reports Positive Net Income and Strongest Results Since Pandemic Began
TORONTO , Aug. 11, 2022 |CNW| - (TSX: CGX ) - Cineplex Inc. ("Cineplex" or the "Company") today released its financial results for the three and six months ended June 30, 2022 . Unless otherwise specified, all amounts are in Canadian dollars. "Cineplex delivered its strongest quarter in over two years, thanks to a great film slate and record-breaking results from across our diversified businesses," said Ellis Jacob , President CEO, Cineplex. "The cumulative success of Top Gun: Maverick , Doctor Strange in the Multiverse of Madness , and Jurassic World Dominion during the quarter – which saw each film opening with a domestic box office over $100 million – is a testament to the fact that when strong film product is available, Canadians return to our theatres in droves. We generated positive net income for the first time since the start of the pandemic. We also achieved a second quarter record BPP of $12.29 and an all-time quarterly record CPP of $8.84 . We also saw very encouraging results in our other businesses, including an all-time quarterly record adjusted EBITDAaL in Player One Amusement Group and record second quarter adjusted EBITDAaL in the Location-Based Entertainment business." Jacob continued, "in addition to reporting our strongest results since the pandemic began, this quarter we are celebrating a few other important milestones from across the business, including the expansion of the Scene loyalty program and Empire Company Limited joining Scotiabank and Cineplex as partners.