11:37 AM EDT, 08/12/2025 (MT Newswires) -- (Updates shares and adds National Bank commentary.)

Cineplex ( CPXGF ) on Tuesday reported a narrowed loss for the second quarter, even if it was expected to make a profit, while revenues did beat forecast on attendance "momentum" that it said "carried into the third quarter".

For the three-months ended June 30, the cinema operator reported its loss narrowed to $2.2 million or $0.03 per share ,from continuing operations, compared with a loss of $21.4 million or $0.33, a year earlier. The result missed consensus estimate compiled by FactSet of $0.05 earnings per share.

Revenue for the quarter rose to $361.8 million from $277.3 million a year-ago, beating the consensus estimate compiled by FactSet of $357.5 million.

Among highlights, Cineplex ( CPXGF ) said it entertained 11.6-million guests in its theaters during the quarter, a 33% increase over the prior year and set a quarterly record with Box Office per Patron at $13.68 and Concession per Patron at $10.04. It added premium experiences drove 46% 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 chief executive Ellis Jacob.

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."

In a research flash note, National Bank of Canada maintained its outperform rating and target price of $13.50 on Cineplex ( CPXGF ) on its Q2 results.

"Our target is based on our 2026E NAV, with implied EV/EBITDA multiples of 9.3x 2025E & 7.2x 2026E (excluding online booking fee penalty whose appeal by CGX might be heard before the end of 2025)," said analyst Adam Shine.

Shares of the company were last seen up $0.15 to $10.48 on the Toronto Stock Exchange.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 10.42, Change: +0.09, Percent Change: +0.87