The cinema company Cineplex reports a loss of DKK 33.6 million. USD in the third quarter, as revenue and audience grow – Business News

The Cineplex losses continue

The Canadian Press – 11 November 2021 / kl. 07.35 | History: 351332

Photo: The Canadian Press

Cineplex Inc. reported a loss of $ 33.6 million in its most recent quarter as the film audience grew with all the cinemas reopening.

The cinema company says that the loss amounted to 53 cents per. diluted stock for the quarter ended September 30, compared to a loss of $ 121.2 million or $ 1.91 per share. diluted stock a year ago.

Revenue was $ 250.4 million, up from $ 61.0 million in the same quarter last year, while theater participation rose to $ 8.3 million compared to $ 1.6 million a year ago.

Cineplex says it reopened its entire circuit of theaters from July 17th.

Box office revenue was $ 94.1 million in the quarter, up from $ 14.5 million in the same quarter last year, while foodservice revenue was nearly $ 80 million, up $ 15.5 million.

Cineplex reported $ 14.1 million in media revenue, up from $ 12.8 million, and $ 53.3 million in entertainment revenue, up from $ 13.2 million. Other revenue amounted to $ 8.9 million, up from almost $ 5 million a year ago.