Cineplex reports highest quarterly revenues in company history
Financial Post · Denise Paglinawan ·
Cineplex Inc. recorded an all-time high quarterly revenue on Friday, after it hit a total of $440.2 million in the third quarter
Cineplex Inc. recorded an all-time high quarterly revenue on Friday, after it hit a total of $440.2 million in the third quarter. This was a $91.3 million, or 26.2 per cent, revenue increase from the same quarter in the previous year.
The Canadian movie theatre company also had its second-highest adjusted third quarter earnings before interest, taxes, depreciation and amortization after leases (adjusted EBITDAaL) in the third quarter. It reported $70.7 million in adjusted EBITDAaL, which has more than doubled over the prior year.
“We delivered the highest quarterly revenue in our history and over 110 per cent growth in adjusted EBITDAaL, reflecting the significant operating leverage of our business,” newly appointed Cineplex chief executive Bill Walker, said in a news release.
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