- Cineplex (CGX) took in C$36 million in box office revenue for August 2022
- This followed a very strong July with revenue of $66 million
- The company remains confident in the public’s return to the theatres spurred on by an impressive upcoming film slate
- Cineplex operates over 170 movie theatres across Canada
- Cineplex (CGX) is up by 1.67 per cent trading at $8.50 per share
Cineplex (CGX) took in C$36 million in box office revenue for August 2022.
Leading films for the month included Bullet Train and Top Gun: Maverick, which is now in its 15th week of release.
This followed a very strong July with revenue of $66 million.
On September 3, the company welcomed over 550,000 guests in one day as part of National Cinema Day, which marked its third-highest traffic count in the last five years behind the openings of Avengers: Endgame (April 2019) and Avengers: Infinity War (April 2018).
“We remain laser-focused on advancing growth initiatives across all of our diversified businesses, and driving long-term value for our shareholders as we enhance our position as an industry leader,” said Ellis Jacob, Cineplex’s President and CEO.
“As we move forward,” he added, “we are confident about the recovery of our businesses, as well as our teams’ ability to capitalize on the impressive film slate scheduled for the remainder of this year and beyond.”
Cineplex operates over 170 movie theatres across Canada. It is also active in amusement, leisure and media through a proprietary suite of offerings.
Cineplex (CGX) is up by 1.67 per cent trading at $8.50 per share as of 9:33 am EST.