Everyman Media FY EBITDA broadly flat

(Sharecast News) - Cinema operator Everyman Media Group said on Friday that group underlying earnings were broadly flat in the year ended 2 January despite delivering double-digit revenue growth for the period.

Everyman group revenues were up 17.9% year-on-year at £107.2m as the group increased its market share from 4.8% to 5.4%.

However, group underlying earnings were expected to be approximately £16.1m, down slightly from the previous year's EBITDA of £16.2m.

The AIM-listed firm also noted that Q4 box office performance was not as strong as anticipated, with congestion in the calendar also leading to titles competing against each other, negatively impacting the period.

Everyman also noted that as a result of increased uncertainty arising from the Autumn statement, it was now more cautious around the outlook for 2025 and 2026.

As of 1010 GMT, Everyman shares had sunk 10.89% to 45.0p.

Reporting by Iain Gilbert at Sharecast.com

Everyman Media