08:14 AM EDT, 08/12/2025 (MT Newswires) -- Cineplex ( CPXGF ) , which operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors, on Tuesday reported a narrowed net loss for the second quarter, even if it was expected to make a profit, while revenues did beat forecast on attendance "momentum" that has "carried into the third quarter".

For the three-months ended June 30, the company reported a decline in net loss to $2.2 million or $0.03 per basic and diluted share from continuing operations, compared with a loss of $21.4 million or $0.33 per share for both, a year earlier. The result missed consensus estimate compiled by FactSet of $0.05 earnings per share.

Total revenue for the quarter increased to $361.8 million, compared with $277.3 million, a year-ago, beating consensus estimate compiled by FactSet of $357.5 million.

Among highlights, Cineplex ( CPXGF ) said it entertained 11.6 million guests in its theatres during the quarter, a 32.7% increase over the prior year, and set all-time quarterly records with Box Office per Patron at $13.68 and Concession per Patron at $10.04. It added premium experiences drove 46.2% of total box office revenue, while Media revenues increased by 9.1% over the prior year

"The strong second quarter results demonstrated the powerful combination of consistent, high-quality content and the consumer appetite for premium experiences," said Ellis Jacob, President and CEO.

He added: "Guests responded enthusiastically to a diverse slate of family, action, horror and adventure films, driving the significant attendance increase over the prior year. This momentum has carried into the third quarter."

Shares of the company closed down 0.9% to $10.33 on Monday on the Toronto Stock Exchange.