Everyman Cinemas, the upscale cinema group, has announced a surge in revenue and earnings, with anticipation building for a series of major film releases on the horizon. The firm's interim results showed a revenue increase to £46.9m, up from £38.
3m year-on-year, as attendance at its luxurious venues rose from 1.6 million to 1.9 million customers.
Adjusted EBITDA also saw an uptick, reaching £6.2m compared to £5.8m in 2023, despite last year's industry challenges due to strikes among writers and actors, reports.
Defying broader industry concerns, Everyman has reported a "significant growth" in market share, which climbed to 5.6% in the first half of 2024, a jump from 4.2% the previous year.
Alex Scrimgeour, CEO of Everyman, commented: "Despite weathering the full impact of last year's actor and writer strikes, we are pleased to report another period of financial and operational progress." "We achieved strong growth in revenue, increased EBIDTA and record market share, driven by rising demand for Everyman's unique brand of hospitality." He added: "We move into the second half with confidence, and look forward to an exciting slate of high profile releases to come through the remainder of the year.
" With a lineup that includes titles such as 'Joker: Folie a Deux', 'Gladiator II', 'Paddington in Peru', 'Wicked', 'Moana 2', and 'Mufasa: The Lion King', the coming months promise to bring a host of blockbuster attractions to Everyman's screens. The market is currently predicting .