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- Fear of COVID-19 and a lack of compelling movies kept Cineplex’s reopened theatres near empty through summer. As a result, Cineplex has racked up losses of $277 million so far this year. That’s more than nine times the firm’s profit in all of 2019.
www.thestar.com/business/the-fall-of-cineplex-is-like-watching-a-bad-movie-can-traditional-theatres-ever-recover/article_b57d83cb-6ee7-5600-ad42-051c8e36232b.html
Aug 9, 2024 · Cineplex Inc. reported a loss in its most recent quarter compared with a profit a year ago as theatre attendance fell, but CEO Ellis Jacob says the end of the second quarter was a turning...
Aug 9, 2024 · Cineplex Inc. (TSX: CGX) released its second-quarter financial results for 2024, revealing a significant downturn in both revenue and attendance. The toppling highlight is the reported net loss of $21.4 million, or 33 cents per diluted share, for the quarter ended June 30, 2024.
Cineplex said Friday that it lost $21.4 million or 33 cents per diluted share for the quarter spanning April 1 to June 30. That second-quarter result compared with a profit of $176.5 million...
Aug 9, 2024 · The movie theatre company says it lost $21.4 million or 33 cents per diluted share for the quarter ended June 30 compared with a profit of $176.5 million or $1.99 per diluted share a year...
Aug 9, 2024 · Cineplex said Friday that it lost $21.4 million or 33 cents per diluted share for the quarter spanning April 1 to June 30. That second-quarter result compared with a profit of $176.5 million...
Aug 9, 2024 · Canadian exhibition giant Cineplex underlined the impact of its Hollywood movie supply upended by the 2023 actors and writers strikes as it released its second quarter financial results on Friday.
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Cineplex swung to a loss in the second quarter as lower attendance at its movie theaters dragged revenue lower than expected, but said it plans to repurchase about 10% of its public float.
