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Everyman Media Group PLC on Wednesday said it cut its earnings and revenue forecasts after UK box office performance was ‘weaker than anticipated’. Shares in Everyman fell 18% to 29.00 pence on Wednesday morning in London. The London-based premium cinema chain said it expects revenue to be no less than £114.5 million and earnings before interest, tax, depreciation and amortisation to be no less than £16.8 million for the year ending January 1, 2026. While this would be an increase on last year’s results of £107.2 million in revenue and Ebitda of £16.2 million, this is less than previously forecasted. Everyman had put market expectations at £121.5 million for revenue and £19.9 million for Ebitda, therefore Wednesday’s announcement represents a 5.7% and 16% drop in forecast respectively. The company said it is ‘operating in a challenging economic environment’ with recent UK box office performance ‘weaker than anticipated’. Industry data indicated that UK box office revenue in October was down 9% year-on-year, and as much as 33% lower in November, as reported by PA. ‘Notwithstanding the industry-wide challenges, to date this has been a year of progress in which we have achieved growth across our core operating metrics, delivering increased revenue, Ebitda and customer spend per head, as well as strong membership growth and expanding market share,’ said Chief Executive Alex Scrimgeour. ‘The continued growth in customer satisfaction reflects our commitment to delivering the premium experience across our estate, and with our market leading position, we remain confident in the long-term growth opportunity in the premium cinema sector.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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