Record month for admissions at cinemas group
Everyman Media Group, which operates 41 cinemas, enjoyed record admissions after the release of Barbie and Oppenheimer in the final week of July.
July revenue rose from £7.1m to £10.6m with earnings before tax up from £1.3m to £2.6m.
In a trading update for the 26 weeks to June 29 the group, which includes the Everyman at the Mailbox in Birmingham, saw revenue fall from £40.7 million to £38.3m.
The board remains confident that the financial performance for the full year to December 28 will be in line with market expectations.
Group earnings before tax for the half year were down from £7.5m to £5.8m.
Three new venues opened at the end of the period.
Everyman say there is a strong pipeline of further titles set to be released this year including Dune: Part Two, Wonka, The Hunger Games: The Ballad of Songbirds & Snakes, Napoleon and Killers of the Flower Moon.
The group expects to open a new two-screen venue in Marlow in October 2023 and the pipeline for 2024 remains well-developed.
Chief executive Alex Scrimgeour said: "Everyman remains an affordable and popular choice for consumers. The record week of admissions we saw in July demonstrates both the value of original content, and the fact that cinema remains as relevant as ever. Alongside this, we continue to see increasing demand for our high-quality food and beverage offering. The all-encompassing Everyman experience leaves us very well placed to satisfy consumer demand for premium entertainment."
