10:04 ET - Cineplex' had a strong 2Q driven by a robust movie slate, and TD Cowen's Derek Lessard thinks this will translate into better earnings and cash flows in the second half of the year. In a report, the analyst notes that 2Q box office revenue rose 38% year-over-year, in line with consensus. This was driven by the a strong film slate, but more importantly, Cineplex outperformed the industry despite not benefiting from the timing of releases around the Memorial Day weekend. July seems to be benefiting from the momentum as well, and new releases in 2H, "should support strong margin and free cash flow expansion through 2025, and allow Cineplex to meaningfully de-lever towards its long-term target range." (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
July 10, 2025 10:04 ET (14:04 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.