11:00 AM EST - Cineplex Inc. : Released its financial results for the three months ended December 31, 2022.. Total revenues increased 16.7% to $350.1 million as compared to the fourth quarter of 2021. Net income improved to $10.2 million as compared to a net loss of $21.8 million in the fourth quarter of 2021. Adjusted EBITDAaL increased 54.5% to $31.2 million as compared to the fourth quarter of 2021. Record fourth-quarter adjusted EBITDAaL of $5.4 million in the Player One Amusement Group business. Record fourth quarter adjusted store level EBITDAaL of $9.3 million in the Location-Based Entertainment business. All-time quarterly record box office revenues per patron of $13.06. All-time quarterly record concession revenues per patron of $8.93. Cineplex Inc.
shares T.CGX are trading up $0.20 at $9.04.
