Cineplex Inc. (CGX) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning or good afternoon all and welcome to the Cineplex Q1 2025 earnings conference. My name is Adam and I'll be your operator today. If you'd like to ask a question during the Q&A portion of today's call, you may do so by pressing star followed by one on your telephone keypad. And with that, I'll now hand the floor to Ray Asmat to begin. So, Ray, please go ahead when you're ready. Good morning, everyone, and thank you for joining us to discuss Cineplex's first quarter 2025 results. I'm Rehan Azmat, Vice President, Investor Relations, Corporate Development, and Financial Planning and Analysis at Cineplex. Joining me today are Ellis Jacob, our President and Chief Executive Officer, and Gordon Elson, our Chief Financial Officer. I'll remind you that certain statements being made are forward-looking and subject to various risks and uncertainties. Such forward-looking statements are based on management's beliefs and assumptions regarding the information currently available. Actual results may differ materially from those expressed in forward-looking statements, Information regarding factors that could cause results to vary can be found in the company's most recently filed annual information form and management discussion and analysis. Following today's remarks, we will close the call with our customary question and answer period. I will now turn the call over to Ellis Jacob. Thank you, Rehan, and good morning, everyone. I appreciate you joining us today as we discuss Cineplex's first quarter results for 2025. While we experience a softer box office this past quarter, we continue to execute our strategic initiatives and see encouraging signs across our multiple business segments. Our media business performed very well this quarter, helping to offset softer box offi...