Marcus Theatres Posts Record Q3 Revenue as Theatrical Sales Rise 21% to $145 Million
Operating income reached $22.2 million, up $9.9 million, and attendance climbed 17% for the quarter ended in September.
Marcus Theatres reported its highest third-quarter revenue and profit ever, with theatrical revenues rising 21% to $145 million for the three months ended in September, according to Deadline.
Operating income came in at $22.2 million, an increase of $9.9 million. Admission revenues grew 22% and attendance rose 17% over the same period.
The circuit also booked gains on the concessions side: average ticket prices rose 4.3% and average concession revenue per person was up 4%.
The top five highest-performing third-quarter films were Spider-Man: Brand New Day, The Odyssey, Toy Story 5, Minions & Monsters and Moana. Strong early fourth-quarter titles included Verity, Other Mommy and Street Fighter.
Greg Marcus, CEO of parent company Marcus Corp., was scheduled to host an investor call later on Thursday.
Quick answers
How much did Marcus Theatres' revenue rise in the third quarter?
Theatrical revenues rose 21% to $145 million for the three months ended in September.
Which films performed best for Marcus Theatres in the third quarter?
The top five were Spider-Man: Brand New Day, The Odyssey, Toy Story 5, Minions & Monsters and Moana.
What was Marcus Theatres' operating income for the quarter?
Operating income was $22.2 million, up $9.9 million.