Cineplex earnings date
Cineplex (CGXN) Q3 2026 Earnings Report
MX:CGXN Q3 2026 EPS Results
- Actual EPS
- MXN 4.44
- Consensus EPS
- MXN 5.53
- Beat/Miss
- Missed by -MXN 1.10
- One Year Ago EPS
- MXN 0.26
MX:CGXN Q3 2026 Revenue Results
- Actual Revenue
- MXN 5.74B
- Expected Revenue
- MXN 5.52B
- Beat/Miss
- Beat by +MXN 224.52M
- YoY Revenue Growth
- +26.15%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/06/2026
- Time
- Before Open
- Conference Call
- Friday, November 6, 2026
Cineplex's next earnings date is estimated for February 11, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was strongly positive, supported by record revenue, attendance, box office performance, adjusted EBITDA, free cash flow, and continued deleveraging. Management also expressed confidence in the film slate, media platform, SCENE+ ecosystem, and longer-term growth opportunities. The main challenges were the location-based entertainment revenue decline, media timing and advertising headwinds, higher G&A expenses, macroeconomic uncertainty, and the lack of an update or timeline for the strategic review.
Cineplex said full year capital expenditure guidance remains unchanged at $50 million, expects its financial position to continue improving through the fourth quarter, and expects further deleveraging by year end, increasing its builder basket capacity and providing greater capital allocation flexibility as it enters 2027; management is pretty optimistic about what 2027 looks like, citing broad studio movies across every quarter, an incredibly strong carryover slate from 2026, Q4, December into Q1 of 27, and constructive quantity, consistency of Windows, and studio commitment to exclusive theatrical releases into 2027 and 2028, while forecasts are currently calling for North American box office to exceed $10 billion in 2026; management is quite comfortable with how media is going to trend into next year, sees Q4 spending not going to be opened up for the remainder of Q4 and sees that as an opportunity going into 2027, and said LBE has tons of potential, with a new Playdium location in Vaughan generating some incremental revenue and profitability.
- Record Quarterly Revenue and AttendanceThird-quarter total revenue reached a record $440.2 million, increasing 20.2%, driven primarily by a 23.1% increase in theater attendance to 14.8 million guests. The quarter also set records for per-patron metrics.
- Adjusted EBITDA More Than DoubledConsolidated adjusted EBITDA more than doubled year over year to $70.7 million from $33.3 million. Results were approximately 14% above consensus estimates.
- Significant Free Cash Flow GenerationAdjusted free cash flow was $52.9 million, more than tripling from the prior year due to improved operating performance and stronger profitability.
- Balance Sheet DeleveragingThe simple leverage ratio finished the quarter at 2.9x, within the company's target range and roughly 2.6 turns lower than in 2024. Cineplex ended the quarter with $137.3 million of cash and no drawings under its $100 million covenant-light revolving credit facility.
- Record Film Entertainment PerformanceFilm entertainment and content attendance increased by approximately 2.8 million guests, or 23.1%, producing all-time records for box office revenue, theater food service revenue, per-patron metrics, and segment adjusted EBITDAL.
- Box Office and Premium Format MomentumBox office revenue increased 35.2%, outperforming the domestic industry by approximately 7%. BPP exceeded $14 for the first time, while premium offerings represented 51.4% of total box office revenue. Demand for The Odyssey was described as exceptional, with regular sellouts across Cineplex's eight IMAX 70-millimeter auditoriums.
- Theater Food Service and Merchandise GrowthTheater food service revenue increased 27%, driven by higher attendance and record CPP, which rose 3.5% year over year due primarily to strategic pricing initiatives and record merchandise sales. The Spider-Man: Brand New Day retail program reached record levels and became the most successful merchandise program in Cineplex's history.
- Exhibition Segment Operating LeverageThe film entertainment segment's adjusted EBITDAL increased 115.6% to a record $72.9 million. Theater payroll and operating expenses remained well controlled, with cost increases significantly below attendance and revenue growth. Incremental segment EBITDAL was $39.1 million on 2.8 million additional guests, or approximately $14 per additional guest.
- Strong October and Year-to-Date Box Office ResultsCineplex box office revenue increased 42% year over year in October, driven by the success of the documentary You Can See Everything. Year-to-date box office revenue through October increased 25%, compared with industry growth of 21%, and had already surpassed Cineplex's full-year 2025 results.
- Constructive Film Industry and Content OutlookNorth American box office is currently forecast to exceed $10 billion in 2026, which would be the first time it has reached that level since 2019. Skydance committed to a minimum of 30 annual theatrical releases, a minimum 45-day exclusive theatrical window, and no changes to film rental terms. Management also cited increased theatrical activity from Netflix, emerging digital-audience-driven content, and a diverse film slate.
- Strong Upcoming Film SlateThe remainder of 2026 includes The Hunger Games: Sunrise on the Reaping, Avengers: Doomsday, Dune: Part 3, and Jumanji: Open World. Early consumer interest and advance sales were described as exceptionally strong. Management said 2027 has broad studio releases distributed throughout the year, including carryover films from December 2026, with constructive visibility into 2028.
- Media Segment Profitability and Advertiser DemandMedia revenue remained relatively flat year over year while advertiser demand was described as healthy despite a difficult comparison against elevated pharmaceutical advertising in the prior year. Media adjusted EBITDA was $15.1 million and the adjusted EBITDA margin was 79.5%, substantially consistent with the prior-year period.
- Location-Based Entertainment Efficiency GainsDespite a modest revenue decline, location-based entertainment adjusted store-level EBITDA improved through operational efficiencies and disciplined expense management. Segment adjusted EBITDA increased to $4.8 million from $4.6 million in the prior-year period.
- Playdium Expansion and LBE InvestmentsCineplex opened a new Playdium location in Vaughan during the year, which management said is performing very well and generating incremental revenue and profitability. The company is also investing in attractions and new experiences to create additional reasons for customers to return.
- SCENE+ Membership GrowthThe SCENE+ loyalty program grew to more than 16 million members, allowing Cineplex to reach consumers beyond its own customers and drive engagement across the broader loyalty ecosystem.
- Capital Investment and Expected Further DeleveragingNet capital expenditures were $12 million for the quarter, directed toward maintaining and enhancing the asset base and investing in premium formats. Full-year capital expenditure guidance remained unchanged at $50 million. Management expects further deleveraging by year end, supported by holiday gift card and certificate sales and continued box office momentum.
MX:CGXN Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 11, 2027 | 2026 (Q4) | 3.42- | -0.65 | ― | ― |
| Nov 06, 2026 | 2026 (Q3) | 5.534.44 | 0.26 | 1600.00% (+4.18) | |
| Aug 11, 2026 | 2026 (Q2) | 2.691.57 | -0.39 | 500.00% (+1.96) | |
| May 11, 2026 | 2026 (Q1) | -3.86-4.70 | -7.57 | 37.93% (+2.87) | |
| Feb 11, 2026 | 2025 (Q4) | 1.41-0.65 | 0.65 | -200.00% (-1.30) | |
| Nov 06, 2025 | 2025 (Q3) | 3.030.26 | -5.09 | 105.13% (+5.35) | |
| Aug 12, 2025 | 2025 (Q2) | 0.68-0.39 | -4.31 | 90.91% (+3.91) | |
| May 09, 2025 | 2025 (Q1) | -5.99-7.57 | -12.92 | 41.41% (+5.35) | |
| Feb 11, 2025 | 2024 (Q4) | 1.410.65 | -2.48 | 126.32% (+3.13) | |
| Nov 06, 2024 | 2024 (Q3) | 2.60-5.09 | 5.22 | -197.50% (-10.31) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
