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Cineplex Profit Slips on Weaker Q4 Attendance, Names Sean McGuckin to Board

Management points to international titles with premium formats as its path to steadier revenue in 2026.

Overview

  • Cineplex reported fourth‑quarter profit of $369,000, down from $3.3 million a year earlier, on revenue of $334.8 million versus $340.9 million.
  • Theatre attendance fell to 10.1 million from 11.1 million, though box office revenue per patron rose to $13.87 and concession revenue per patron increased to $9.92.
  • Robert Bruce retired from the board, and former Scotiabank executive Sean McGuckin was appointed as his replacement.
  • Executives said a weak start to the quarter was offset by international releases and higher-priced premium formats, citing titles such as Demon Slayer and Hindi-language films.
  • CEO Ellis Jacob said international content now exceeds 10% of programming, up from roughly 2–2.5% pre‑COVID, and forecast a stronger 2026 box office that could pause further theatre closures.