Cineplex Inc. reports Q1 profit of $5.2M due to $67.3M gain from selling arcade business, with revenue up to $294.8M.
Cineplex Inc. reported a Q1 profit of $5.2 million, a turnaround from a loss in the same period last year, attributable to a $67.3M gain from selling Player One Amusement Group, its arcade game business. Revenue for the quarter increased to $294.8M from $291.4M in Q1 2023. Box office revenue per patron rose to $12.74, concession revenue increased to $8.95, and theatre attendance grew by 0.5%.
May 09, 2024
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