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"title": "Earnings call: Cineplex sees box office growth amid strategic expansions By Investing.com",
"description": "Earnings call: Cineplex sees box office growth amid strategic expansions",
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"snippet": "Cineplex Inc. (CGX) reported a modest increase in its first quarter 2024 box office revenues, achieving $125 million, up 1.4% despite a 5.2% decline in the Nort...",
"url": "https://www.investing.com/news/stock-market-news/earnings-call-cineplex-sees-box-office-growth-amid-strategic-expansions-93CH-3436414",
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"published_at": "2024-05-13T09:04:47.000000Z",
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"highlight": "<em>Cineplex</em> <em>Inc</em>. (CGX) reported a modest increase in its first quarter 2024 box office revenues, achieving $125 million, up 1.4% despite a 5.2% decline in the North American box office. The company also highlighted a record Q1 Box Office per Patron (BPP) of $12.74 and concession per patron of $8.95.",
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"highlight": "<em>Cineplex</em> <em>Inc</em>. remains committed to enhancing the cinema experience and capitalizing on strategic growth opportunities. With a strong lineup of films and initiatives to expand its LBE business and digital media presence, the company is poised to navigate industry challenges and deliver value to shareholders.",
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"highlight": "Thank you for attending today’s <em>Cineplex</em> <em>Inc</em>. First Quarter 2024 Earnings Call. My name is Jennifer and I will be your moderator today. [Operator Instructions] I would now like to pass the conference over to our host, Mahsa Rejali, VP of Corporate Development and Investor Relations. Mahsa, please proceed.\n\nMahsa Rejali: Good morning, everyone.",
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"highlight": "<em>Cineplex</em> delivered strong performance across all three titles over indexing the domestic box office in each instance. Furthermore, <em>Cineplex</em> continued to benefit from the strategic management of international content with three titles ranking in the top 20 films.",
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"highlight": "Fighter, Warning 2 and Shaitaan contributed meaningfully to our box office with <em>Cineplex</em> capturing significant market share ranging from 30% to 80%.",
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"highlight": "In addition to achieving industry-leading results, our focus remains on executing important corporate actions designed to reduce leverage, improve financial flexibility and position <em>Cineplex</em> for accelerated long-term growth.",
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"highlight": "<em>Cineplex</em> Digital Media is also working closely with retailers looking to innovate their in-store experience with digital displays as a way to inspire and engage shoppers throughout their experience. This speaks to the future of retail.",
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"highlight": "As Cineplex’s Digital Media’s network grows, this positions <em>Cineplex</em> Media as one-stop shop for advertisers looking to reach Canadians through digital out-of-home advertising and in shopping malls and cinema.",
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"highlight": "I’m pleased to hear that the condensed summary of the first quarter 2024 results for <em>Cineplex</em> <em>Inc</em>. for further reference, our financial statements and MD&A have been filed on SEDAR Plus and are also available on our Investor Relations website cineplex.com. Our MD&A and earnings press release include a complete narrative on the operational results.",
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"highlight": "A couple of questions, Gord, when I look at the other line in other OpEx, can you just elaborate a little bit, I see what’s there at <em>Cineplex</em> Pictures store and some other stuff, but it did move up quite a bit in the period.",
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Other details
Exchange
- Toronto Stock Exchange
- equity
- Communication Services
- ca