Latest news with #CineplexInc
Hamilton Spectator
10-06-2025
- Entertainment
- Hamilton Spectator
Cineplex reports $55.3M May box office revenue up from $33.9M a year ago
TORONTO - Movie theatre company Cineplex Inc. reported its May box office report rose compared with a year ago helped by Final Destination: Bloodlines, Lilo & Stitch, and Mission: Impossible – the Final Reckoning. Cineplex chief executive Ellis Jacob says the breadth of titles in May showcased the benefit that a steady supply of diverse films can have on the box office. The company says its box office take for May totalled $55.3 million. The result was up from $33.9 million in the same month last year. Jacob says the strength is expected to continue in June with the coming release of the live action adaptation of How to Train Your Dragon, Elio, 28 Years Later, and F1: The Movie. Cineplex has 172 movie theatres and location-based entertainment venues. This report by The Canadian Press was first published June 10, 2025. Companies in this story: (TSX:CGX)
CTV News
10-06-2025
- Entertainment
- CTV News
Cineplex reports $55.3M May box office revenue up from $33.9M a year ago
Customers buy popcorn at a Cineplex theatre in downtown Toronto on Wednesday, Aug. 26, 2020. THE CANADIAN PRESS/Christopher Katsarov TORONTO — Movie theatre company Cineplex Inc. reported its May box office report rose compared with a year ago helped by Final Destination: Bloodlines, Lilo & Stitch, and Mission: Impossible – the Final Reckoning. Cineplex chief executive Ellis Jacob says the breadth of titles in May showcased the benefit that a steady supply of diverse films can have on the box office. The company says its box office take for May totalled $55.3 million. The result was up from $33.9 million in the same month last year. Jacob says the strength is expected to continue in June with the coming release of the live action adaptation of How to Train Your Dragon, Elio, 28 Years Later, and F1: The Movie. Cineplex has 172 movie theatres and location-based entertainment venues. This report by The Canadian Press was first published June 10, 2025.
Winnipeg Free Press
10-06-2025
- Entertainment
- Winnipeg Free Press
Cineplex reports $55.3M May box office revenue up from $33.9M a year ago
TORONTO – Movie theatre company Cineplex Inc. reported its May box office report rose compared with a year ago helped by Final Destination: Bloodlines, Lilo & Stitch, and Mission: Impossible – the Final Reckoning. Cineplex chief executive Ellis Jacob says the breadth of titles in May showcased the benefit that a steady supply of diverse films can have on the box office. The company says its box office take for May totalled $55.3 million. The result was up from $33.9 million in the same month last year. Jacob says the strength is expected to continue in June with the coming release of the live action adaptation of How to Train Your Dragon, Elio, 28 Years Later, and F1: The Movie. Cineplex has 172 movie theatres and location-based entertainment venues. Weekly A weekly look at what's happening in Winnipeg's arts and entertainment scene. This report by The Canadian Press was first published June 10, 2025. Companies in this story: (TSX:CGX)
Yahoo
10-06-2025
- Entertainment
- Yahoo
Cineplex reports $55.3M May box office revenue up from $33.9M a year ago
TORONTO — Movie theatre company Cineplex Inc. reported its May box office report rose compared with a year ago helped by Final Destination: Bloodlines, Lilo & Stitch, and Mission: Impossible – the Final Reckoning. Cineplex chief executive Ellis Jacob says the breadth of titles in May showcased the benefit that a steady supply of diverse films can have on the box office. The company says its box office take for May totalled $55.3 million. The result was up from $33.9 million in the same month last year. Jacob says the strength is expected to continue in June with the coming release of the live action adaptation of How to Train Your Dragon, Elio, 28 Years Later, and F1: The Movie. Cineplex has 172 movie theatres and location-based entertainment venues. This report by The Canadian Press was first published June 10, 2025. Companies in this story: (TSX:CGX) The Canadian Press Sign in to access your portfolio
Yahoo
24-05-2025
- Business
- Yahoo
The Smartest Contrarian Play to Buy With $2,400 Right Now
Written by Karen Thomas, MSc, CFA at The Motley Fool Canada The tariff wars and economic uncertainty have brought a lot of volatility to the market. This uncertainty has created an environment of fear for investors. Yet, some things have remained the same. In my view, the best contrarian play today is one of them. Without further ado, here's why Cineplex Inc. (TSX:CGX) is one of the smartest contrarian plays to buy now. First of all, as we would expect with contrarian stocks, Cineplex stock is cheap. This is a function of the fact that investors are skeptical. Therefore, they probably do not believe the analyst estimates that are out there. As a result, Cineplex stock is trading at a very low 11 times next year's expected earnings. Also, it's trading at a mere nine times expected earnings in 2027. While Cineplex has struggled a lot since the pandemic, there are many signs that point to a recovery for this entertainment company. Let's review this in the next section. Contrary to what many believe, although not as high as it used to be, the movie exhibition business is still seeing good demand. In the first quarter of 2025, box office revenue came in at 101.9 million. This compares to $156.5 million in the first quarter of 2019. For the full year 2024, box office revenue came in at $562.2 million versus $705.5 million in 2019. This represents 65% and 80% of pre-pandemic levels, respectively. Importantly, Cineplex has fully recovered the first quarter box office shortfall on a year-to-date basis. In fact, it currently stands at 105% of last year's box office. With strong content expected for the remainder of the year, so the company is expecting a strong box office performance in 2025. So, while we are clearly in a lower attendance world than in the pre-pandemic years, things are being done to take advantage of the premier Canadian positioning that Cineplex has in the exhibition industry. For example, new movie watching experiences such as VIP and 4-dx theatres are meant to counter weakness and draw viewers in. VIP cinemas offer in-seat service and comfortable, reclining seats. 4-dx is a multi-sensory experience that immerses us through motion, vibration, water, wind, and lighting effects. These experiences have allowed Cineplex to charge more for a movie, thusly increasing its margins. Beyond the movie exhibition segment, Cineplex is also involved in other businesses. They include the gaming industry, as well as the media business. In fact, in the company's first quarter of 2025, these businesses demonstrated strength that served to offset weakness in the movie exhibition business. The media segment (11% of revenue) posted a 32.9% increase in revenue, as media spending has begun to recover after a difficult period. And looking ahead, the growth in this segment is likely to continue. In fact, capacity utilization in this business remains quite low, so there's nice upside to be had. The location-based entertainment business (14% of revenue), offers multiple entertainment options under one roof. In this segment, revenues grew 10.5% to $38.1 million. This was a quarterly record positively impacted by two new locations that opened up during the quarter. This segment offers a business that offers high margin revenue and a more predictable operating environment given that it's not dependent on content. In conclusion, it is my belief that Cineplex stock is underappreciated and undervalued – and an excellent contrarian play. It has a dominant market share of roughly 80% in the movie exhibition industry in Canada, something that investors are undervaluing. Also, its location-based entertainment venues offer an entertainment experience that the younger generations can enjoy. Finally, Cineplex is taking advantage of its position in the entertainment industry to capture the attention of advertisers who are looking for access to large audiences for their ads. The post The Smartest Contrarian Play to Buy With $2,400 Right Now appeared first on The Motley Fool Canada. Before you buy stock in Cineplex, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Cineplex wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $21,345.77!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*. See the Top Stocks * Returns as of 4/21/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Karen Thomas has a position in Cineplex. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
