12:09 PM EDT, 06/10/2025 (MT Newswires) -- (Adds analyst comment and updates shares.)

Cineplex ( CPXGF ) on Tuesday reported box office revenues of $55.33 million for May.

The cinema operator's box office revenue for the month rose 63% from $33.94 million in May, 2024.

A company statement noted that the film "Lilo & Stitch" set a new record for the biggest May opening for a live-action remake, while "Final Destination: Bloodlines" established a franchise-best domestic box office only three weeks into its theatrical release. Also in May, "Mission: Impossible - the Final Reckoning" opened to the highest domestic box office in the franchise's history.

"The breadth of titles in May showcases the benefit that a steady supply of diverse films can have on the box office," said Chief Executive Ellis Jacob. "The strength of content continues in June with the live action adaptation of How to Train Your Dragon, Elio, 28 Years Later and Apple's F1: The Movie. We're well-positioned to meet the sustained demand with guests able to enjoy these films across our full suite of premium formats."

National Bank of Canada on Tuesday kept an outperform rating and C$13.50 target on Cineplex ( CPXGF ) and said that the box office revenue was ahead of its estimate of $50.9 million.

The bank also noted that the momentum at the multiplex "picked up quite strongly given a steady and diverse supply of films," following March's performance, which was down 50% year-over-year, undermining the first quarter performance.

The bank said it will continue to monitor the June trend before updating its estimates ahead of its Q2 preview. The bank's second quarter box office forecast for the company is $155.7 million.

Cineplex ( CPXGF ) shares were last seen down $0.08 to $11.40 on the Toronto Stock Exchange.

Price: 11.40, Change: -0.08, Percent Change: -0.70