Cineplex reports $23.8M Q3 profit, record quarterly revenue

Cineplex Inc. reported a third-quarter profit of $23.8 million, exceeding expectations and setting a record for the period. The company's revenue also reached an all-time high of $440.2 million, a significant increase from $348.9 million in the same quarter last year. This growth can be attributed to the success of blockbuster films "Spider-Man: Brand New Day" and "The Odyssey" as well as a rise in theatre attendance to 14.8 million people.

Box office revenue per patron increased to $14.54 per person, up from $13.23 a year ago, while concession revenue per patron rose to $9.99 per patron, up from $9.65.