(Toronto) Cineplex net income jumped to 176.5 million in the second quarter, thanks in particular to the contribution of films like Super Mario Bros.
The Toronto firm had made a profit of only 1.3 million at the same time last year.
This performance corresponds to adjusted earnings of $1.99 per share, compared to 2 cents per share last year. Analysts polled by Refinitiv were predicting a profit of 21 cents per share.
In addition to blockbuster movies, concerts like Suga, Machine Gun Kelly and Coldplay have drawn thousands of spectators, Cineplex said in a statement.
Its quarterly revenue rose 21% to 423.1 million.
Box office revenues, however, remain at 79% of their 2019 levels, at 189.4 million.
The recently completed month was the highest-grossing July in Cineplex history. It ranks second all-time behind December 2015, which marked the arrival in theaters of a new chapter in the Star Wars franchise.
Some 6.8 million moviegoers visited Cineplex theaters last month for a total of 12.8 million during the quarter, compared to 11.1 million last year.
Revenues generated at food counters jumped 20.3% to 118 million.
