Cineplex (TSE:CGX) Posts Quarterly Earnings Results

Cineplex (TSE:CGX – Get Free Report) announced its quarterly earnings results on Monday. The company reported C($0.36) earnings per share (EPS) for the quarter, FiscalAI reports. Cineplex had a negative net margin of 1.72% and a positive return on equity of 27.72%. The firm had revenue of C$290.98 million during the quarter.

Here are the key takeaways from Cineplex’s conference call:

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• Cineplex delivered its strongest Q1 since 2019 with attendance up 17.3% to 9.8 million, total revenue of CAD 291 million (+15.6%) and consolidated adjusted EBITDA of CAD 4.1 million versus a CAD 10.7 million loss a year earlier.
• Premium formats and higher per‑patron spending drove results — box office per patron reached a Q1 record of CAD 12.94, premium formats were 38.2% of box office, and Cineplex notably over‑indexed on international releases (e.g., >30% share of Dhurandhar’s North American box office).
• Cineplex Media lagged, with revenue down 18.9% to CAD 13.9 million and media adjusted EBITDA falling to CAD 9.6 million, citing Olympics-related ad diversion and a tough year‑ago pharma comparison that may pressure near‑term advertising revenue.
• Liquidity and capital priorities strengthened — the company ended Q1 with CAD 77.9 million cash, no drawings on its CAD 100M RCF, extended bank credit maturities to 2028/29, repurchased ~CAD 5M of shares, and reaffirmed ~CAD 50M FY capex guidance while prioritizing debt reduction and shareholder returns.

Cineplex Trading Up 1.1%

Shares of TSE:CGX opened at C$10.89 on Wednesday. The company’s 50-day moving average price is C$10.78 and its two-hundred day moving average price is C$10.89. The company has a debt-to-equity ratio of -986.20, a current ratio of 0.37 and a quick ratio of 0.22. Cineplex has a one year low of C$9.15 and a one year high of C$12.72. The stock has a market capitalization of C$691.14 million, a PE ratio of -18.78, a price-to-earnings-growth ratio of 0.30 and a beta of 0.11.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. National Bank Financial cut their price objective on shares of Cineplex from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a research report on Tuesday. Canaccord Genuity Group boosted their price objective on shares of Cineplex from C$10.50 to C$11.50 and gave the company a “hold” rating in a research report on Tuesday. TD Securities cut their price objective on shares of Cineplex from C$17.00 to C$16.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Finally, Royal Bank Of Canada cut their price objective on shares of Cineplex from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 3rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$13.46.

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Cineplex Company Profile

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Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.

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