Cineplex changed to a defeat in the first quarter while the cinema giant reported Bower Hollywood Box Office.
Cineplex displayed a net net loss in the first quarter of $ 36.6 million (26.2 million US dollars), compared to a profit of $ 5.2 million during the same period of 2024 when the company recorded a gain of $ 68 million after having sold its activity as an attractions to the Capital Capital Capital Society.
T quarter revenues reached $ 264.3 million (189.7 million US dollars), compared to $ 294.8 million for the year, while box office income dropped from $ 18.5% to $ 101.9 million ($ 73.2 million) during the same period.
A lower film slate in the last quarter was the most acute in March, when box office revenues dropped from $ 29.5 million (21.7 million US dollars), compared to the first quarter of 2024. The frequentation of the theater dropped by 14.5% in the first quarter to 8.4 million customers.
During the current quarter until the end of June, ticket sales rebounded, the box office in April increasing by $ 51.3 million (36.8 million US dollars) as films like Sinners And A minecraft film Played on Cineplex screens.
During the first quarter also, Cineplex saw 14.7% of its income from the box office from international films, including Chinese success Ne zha 2 And the Hindi language film Chhaava.
During a morning analyst call, the financial director Gord Nelson said that practically all Cineplex's revenues come from the Canadian market, so that the company will not face a significant impact of the US President Donald Trump, who includes slapped prices on Canada.
Answering a question about Trump's surprise film price proposal for foreign films, CEO Ellis Jacob said he was planning that film production was continuing through the United States and internationally, “depending on the overall cost of the film”.
“But I'm not too concerned about the comments made in recent days,” added Jacob. After interviews with the main studios suppliers, Jacob said that after his own initial concerns, he thought that Hollywood studios would continue to make films at home and abroad.
“Over the week, I think there are fewer risks, because it will be very difficult, because the films are made in different parts of the world, in different American states, and many of them are finished in California,” Jacob told analysts.
