Core Insights - Cineplex Inc. reported financial results for the year ended December 31, 2025, highlighting a strong performance in guest engagement and box office revenues despite a challenging market environment [1][3][4] Financial Performance - Generated $91.6 million in Adjusted EBITDAaL, an increase from $89.9 million in the previous year [8] - Reported a net loss of $36.9 million, an improvement of $67.3 million compared to a net loss of $104.2 million in the prior year [8] - Annual box office revenues were $560.6 million, a slight decrease of $1.6 million or 0.3% from $562.2 million in the prior year, primarily due to a 1.8% decrease in attendance [18] - Set annual records for Box Office Per Patron (BPP) at $13.29, an increase of 1.5% from $13.09 in the prior year, and Concession Per Patron (CPP) at $9.72, an increase of 2.6% from $9.47 [8][18] Business Segments - International film product contributed 11.2% of total box office revenues, the highest share in Cineplex's history [8] - Premium experiences accounted for 43.2% of total box office revenues, the highest annual percentage since 2018 [8] - Cinema Media revenue grew by 13.1% over the prior year, achieving record cinema media per patron of $2.12 [8][18] Strategic Initiatives - Completed the sale of Cineplex Digital Media (CDM) for gross proceeds of $70 million, which provided funds for share repurchases and improved liquidity [8][24] - Renewed the Normal Course Issuer Bid (NCIB) Program and repurchased 636,602 common shares for cancellation [8][24] - Introduced various attendance-driving initiatives, including VIP tickets at regular admission prices and $5 Tuesdays [18] Leadership Changes - Announced the retirement of Robert Bruce from the Board of Directors and the appointment of Sean McGuckin, former Group Head and CFO at Scotiabank, to the Board [8][9]

Financial Performance - Lionsgate Studios reported an 18% increase in revenue to $724 million, with operating income reaching $85 million, exceeding Wall Street forecasts for the third quarter of FY26 [1] - Motion Picture revenue surged by 35% year-over-year to $421 million, driven by the successful releases of "The Housemaid" and "Now You See Me: Now You Don't" [1] - Film segment profit was $58.5 million, impacted by higher P&A spending, contributing to a net loss of approximately $44 million for the three months ending in September, which doubled from the previous year [2] Television Production - Television Production revenue declined to $303 million, with segment profit at $55.7 million, both lower than the previous year due to the timing of episodic deliveries, although this was partially offset by strong TV library revenue [3] Library Revenue - Trailing 12-month total library revenue increased by 10% year-over-year to a record $1.05 billion, marking the fifth consecutive quarter of record library revenue [4] Strategic Outlook - The CEO expressed satisfaction with the quarter's performance, indicating alignment with fiscal 2026 financial targets and positioning for significant growth in fiscal 2027 and beyond, highlighting strong film and television pipelines and a growing library [5] Market Reaction - Lionsgate stock experienced a 2% increase, trading at $8.98, amid a broader media merger trend, with analysts noting that the competitive landscape could drive demand for scale among remaining industry players [6]

Core Insights - Lionsgate Studios Corp. reported third quarter revenue of $724.3 million, with a net loss from continuing operations attributable to shareholders of $46.2 million or $0.16 diluted net loss per share [1][2][11] - The company achieved a record trailing 12-month library revenue of $1.05 billion, marking a 10% increase year-over-year and the fifth consecutive quarter of record library revenue [3][4] Financial Performance - Revenue for the third quarter was $724.3 million, compared to $628.2 million in the same quarter last year, reflecting a year-over-year increase [11] - Operating income was reported at $36.0 million, an increase from $27.7 million in the prior year [11] - Adjusted net income from continuing operations was $3.9 million or $0.01 adjusted diluted net income per share [1][2] - Adjusted OIBDA for the quarter was $85.3 million, compared to $115.2 million in the prior year [22] Segment Results - The Motion Picture segment generated revenue of $421.2 million, a 35% increase year-over-year, driven by successful film releases [4][21] - The Television Production segment reported revenue of $303.1 million, which declined from the previous year due to timing of episodic deliveries, although television library revenue remained strong [5][21] Management Commentary - CEO Jon Feltheimer expressed confidence in the company's trajectory towards fiscal 2026 financial targets and significant growth in fiscal 2027, highlighting the strength of the film and television pipelines and the growth of the IP portfolio [3][5] Company Overview - Lionsgate is recognized as a leading standalone content company, with a diverse portfolio that includes a significant film and television library, and a focus on franchise properties across multiple platforms [6][14]

Core Insights - Cineplex reported a box office revenue of $67.0 million for December 2025, marking a 3% increase compared to December 2024, which had a revenue of $64.8 million [2][3] - The overall box office performance for Q4 2025 was $140.7 million, which is 95% of the Q4 2024 figure of $147.7 million [2] - The success in December was attributed to a diverse film slate, including major franchise releases and strong international content, with "Five Nights at Freddy's 2" achieving the largest opening for a horror film in December [2][3] Box Office Performance - December 2025 box office performance exceeded the previous year, with a notable increase in premium format demand, where approximately 90% of the box office for "Avatar: Fire and Ash" came from premium experiences [3][4] - Family and animated films, such as "Zootopia 2," contributed significantly to the December results, surpassing the original film's box office performance [3] International Content and Diverse Offerings - Cineplex's strategic focus on high-quality international content was highlighted by the record-setting performance of "Dhurandhar," the highest-grossing Hindi film in North America, with Cineplex accounting for over 30% of its North American box office [4] - The theatrical presentation of the "Stranger Things" series finale sold out at 97% of locations, indicating strong audience interest in unique cinematic experiences [4] Company Overview - Cineplex operates 171 movie theatres and various entertainment venues, positioning itself as Canada's largest film exhibitor and a leader in the entertainment and media sectors [6] - The company also engages in cinema media, alternative programming, and motion picture distribution, enhancing its value proposition to guests [6]

Core Insights - The U.S. box office has seen a significant increase of over 25% compared to the same period last year, contributing to Marcus Theatres achieving its second-best pre-Christmas weekend since 2021 [1][2]. Company Performance - Marcus Theatres is experiencing a successful holiday season, driven by the release of highly anticipated films such as Avatar: Fire and Ash, which is expected to attract audiences throughout the holiday season and into 2026 [3]. - The company has recorded a record Memorial Day weekend earlier this year and continues to offer a diverse slate of films that appeal to various demographics [2]. Upcoming Releases and Events - Christmas Day is projected to be one of the busiest moviegoing days, with new films like Anaconda, Marty Supreme, and Song Sung Blue set to debut on December 25 [5]. - Marcus Theatres will also screen the finale of the popular TV show Stranger Things at select locations on December 31 and January 1 [6]. Promotions and Collectibles - The company is offering limited-time collectibles and giveaways, including Anaconda collectible prints and special popcorn buckets, as well as scratch-off cards for moviegoers with various prizes [8]. Company Overview - Marcus Theatres operates 985 screens across 78 locations in 17 states, making it the fourth-largest theatre circuit in the United States [9]. - The parent company, Marcus Corporation, is a leader in the lodging and entertainment industries, managing 16 hotels and resorts in addition to its theatre operations [10].

Review: Sydney Sweeney stars alongside Amanda Seyfried in "The Housemaid," a clever thriller about the employee of a woman whose lavish Long Island mansion is home to some disturbing happenings. https://t.co/pSucXVyBXb ...

Core Insights - Lionsgate Motion Picture Group marketing president JP Richards and co-president Keri Moore are leaving the company effective immediately [1] - Their roles will not be filled immediately, with interim leadership provided by EVPs Amanda Kozlowski, Jack Teed, and Nasim Cambron, while Adam Fogelson will take a more active role [2] - This leadership change follows the promotion of Erin Westerman to president of the Motion Picture Group, replacing Nathan Kahane [3] Group 1: Leadership Changes - The decision to re-approach the marketing group is aimed at adapting to a rapidly changing market, as stated by Adam Fogelson [4] - JP Richards and Keri Moore were hired in October 2022, replacing Marisa Liston and David Edwards [5] Group 2: Recent Performance and Future Outlook - The exits of Richards and Moore come after Lionsgate experienced challenges with major releases, including "Ballerina" which grossed $132 million and "Hurry Up Tomorrow" which grossed $7.8 million globally [6] - Upcoming titles include "Good Fortune" debuting at TIFF, "Now You See Me: Now You Don't" on November 14, and "The Housemaid" on December 25 [6] Group 3: Reflections from Departing Executives - JP Richards expressed gratitude for the opportunity to work with a talented team and highlighted the innovative spirit of the group [7] - Keri Moore emphasized pride in the team and the projects they have developed, noting the challenges faced in the post-pandemic landscape [7] Group 4: Potential M&A Activity - Recent reports indicate that Legendary is exploring opportunities with Lionsgate Studios, which has recently been spun off from Starz, suggesting potential co-production deals [7]

Financial Data and Key Metrics Changes - Consolidated revenue for the quarter was $971 million, with adjusted OIBDA at $144 million and operating income at $36 million. Reported fully diluted earnings per share was a loss of $0.09, while adjusted earnings per share was a profit of $0.28 [19][20] - Adjusted OIBDA for Lionsgate Studios is forecasted to be between $300 million to $320 million for the fiscal year, while Starz's North American business is expected to generate approximately $200 million of adjusted OIBDA [19][20] Business Line Data and Key Metrics Changes - Studio revenue grew 3.2% year over year to $714 million, with adjusted OIBDA increasing 45% to $112 million. Trailing twelve-month library revenue was $954 million, representing a 22% increase compared to last year's Q3 [20][21] - Motion Picture revenue for the quarter was $309 million, with segment profit at $84 million. The television segment saw revenue of $405 million, up 63% year over year, with segment profit significantly increasing to $61 million [20][21] - Media Networks revenue was $345 million, with segment profit at $25 million, reflecting a decline due to exiting most international markets [22] Market Data and Key Metrics Changes - Starz ended the quarter with 12.6 million North American OTT subscribers, representing sequential growth of 170,000 subscribers. Total North American subscribers were 20 million, showing a modest sequential decrease [23] - Starz has successfully transitioned its revenue from 70% linear to 70% digital over the past five years, doubling its domestic OTT subscriber base [16] Company Strategy and Development Direction - The company is focusing on diversifying its buyer mix and cutting costs in its television business while expanding its distribution footprint with key partner renewals and new bundling deals [7][15] - The company announced an extension of its exclusive pay one deal with Starz through 2028 and a new exclusive pay deal with Amazon Prime Video, which is expected to significantly increase contributions from the pay television window [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a strong fourth quarter, driven by film performance carryover, strong scripted series deliveries, and positive growth in OTT subscribers [29][30] - The company anticipates continued subscriber growth for Starz, particularly in the OTT segment, while expecting a consistent decline in the linear business [79] Other Important Information - The company is preparing for the separation of its businesses, with regulatory review ongoing and a shareholder meeting expected in mid to late April [16][40] - The company is also focusing on ancillary opportunities, including the opening of the John Wick experience in Las Vegas and various stage productions [12][51] Q&A Session Summary Question: Context for the expected increase in studio EBITDA in Q4 - Management indicated that the strong fourth quarter is driven by strength in film and TV, with carryover from mid-sized films and a robust lineup of scripted series [29][30] Question: Update on the separation process - Management confirmed that the SEC review is the last substantial item before separation, with an updated proxy expected soon [38][40] Question: Details on the Amazon relationship and its impact - The Amazon deal allows for earlier access to titles and is expected to significantly benefit both Starz and the studio post-separation [42][46] Question: Industry recovery in content production - Management noted that the TV market is slowly recovering, with a focus on leveraging strong IP and cross-divisional collaboration [57][59] Question: Cost management and talent compensation - Management acknowledged that while talent costs remain high, they are exploring innovative ways to manage overall production costs [67][68]