Theaters are empty? Recent Results
When looking at Cineplex's most recent quarterly results, the company announced its best Q3 ever with sales of $463.6 million adjusted EBITDA of $83.1 million. While this quarter not only surpassed the Q3 of 2019 pre-pandemic, this was also a quarter with significantly better adjusted EBITDA margins at 18%. This showcases the cost cutting strategies that Cineplex has been able to implement as well as the operational improvements the company has been able to achieve since then.