Everyman Media shares sank on Wednesday after the cinema group blamed a poor Q4 box office for falling revenues that will impact its full-year performance.
The premium cinema operator now expects revenue of no less than £114.5m for the year ended 1 January 2026, down from previous guidance, though still ahead of last year’s £107.2m. EBITDA is forecast at a minimum of £16.8m, marginally above the prior year’s £16.2m.
In September, the group had outlined forecasts for the year ended 1 January 2026 of revenue of £121.6m and EBITDA of £20.0m.
Everyman Media shares were down 18% at the open on Wednesday.
The downgrade comes as the company is hit by challenging economic conditions and disappointing Q4 box office takings across the broader UK cinema market. Net debt is now expected to reach approximately £24.0m at year-end, up from £18.1m in 2024.
Despite the reduced outlook, Everyman said it remains on track to achieve growth across all key metrics, including food and beverage spend per head, average ticket prices, and market share.
The company noted that 2024 was a 53-week trading period, meaning on a like-for-like 52-week basis, revenue would have been £103.8m and EBITDA £15.4m, representing stronger year-on-year growth.
“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 Alex Scrimgeour, CEO of Everyman Media Group.
“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”.