Cineworld’s box office revenues surpassed pre-pandemic levels at its cinemas in the UK and Ireland last month as blockbusters such as No Time to Die, Dune and Venom draw film fans back to the big screen. The world’s second-largest cinema operator, which owns the Cineworld and Picturehouse chains in the UK and Regal Theatres in the US, said box office and concession revenues at its UK and Irish operation in October reached 127% of the level in the equivalent month in 2019.
Across its global operations at 752 sites in 10 countries, total group revenues in October reached 90% of pre-pandemic levels.
Cineworld said the recovery was fuelled by the return to the big screen of Hollywood blockbusters including Black Widow, No Time to Die, Dune, Venom and Shang-Chi and the Legend of the Ten Rings.
However, analysts at AJ Bell warned that Cineworld should be cautious about raising ticket prices to bolster its battered finances.