You will be redirected back to your article in seconds

Regal profits surge amid strong box office

Net income grows to $37 million in Q4 as attendance rises

Robust box office steered profit higher last quarter at Regal Entertainment, the nation’s largest exhib, as net income surged nearly ninefold to $37 million from $4 million.

Revenue rose to $723 million from $614 million.

In a statement, CEO Amy Miles called 2012 a record year for the Knoxville, Tenn.-based circuit.

“Looking ahead, we are encouraged by the early 2013 box office results and the films scheduled for release in the coming months,” Miles said.

Regal said admissions revenue rose to $485 million from $414 million. Concessions sales rose to $188.5 million from $159 million.

Attendance grew to 54.8 million from 47.7 million. Average ticket prices rose to $8.86 from $8.68. Average concession spending per patron was up a dime to $3.44.

Regal ended December with 540 theaters and 6,880 screens, up from 527 and 6,614 the year before.

More Film

  • Emma Chambers'HOW DO YOU WANT ME'

    'Notting Hill' Actress Emma Chambers Dies at 53

    Robust box office steered profit higher last quarter at Regal Entertainment, the nation’s largest exhib, as net income surged nearly ninefold to $37 million from $4 million. Revenue rose to $723 million from $614 million. In a statement, CEO Amy Miles called 2012 a record year for the Knoxville, Tenn.-based circuit. “Looking ahead, we are […]

  • Las herederas The Heiresses

    Berlin Double Silver Bear Winner 'The Heiresses' Sells Major Territories (EXCLUSIVE)

    Robust box office steered profit higher last quarter at Regal Entertainment, the nation’s largest exhib, as net income surged nearly ninefold to $37 million from $4 million. Revenue rose to $723 million from $614 million. In a statement, CEO Amy Miles called 2012 a record year for the Knoxville, Tenn.-based circuit. “Looking ahead, we are […]

  • Touch Me Not

    Berlin Festival Awards: 'Touch Me Not' Wins Golden Bear for Best Film

    Robust box office steered profit higher last quarter at Regal Entertainment, the nation’s largest exhib, as net income surged nearly ninefold to $37 million from $4 million. Revenue rose to $723 million from $614 million. In a statement, CEO Amy Miles called 2012 a record year for the Knoxville, Tenn.-based circuit. “Looking ahead, we are […]

  • Dovlatov

    Berlin: Netflix, Multiple Foreign Distributors Take Alpha Violet’s ‘Dovlatov’

    Robust box office steered profit higher last quarter at Regal Entertainment, the nation’s largest exhib, as net income surged nearly ninefold to $37 million from $4 million. Revenue rose to $723 million from $614 million. In a statement, CEO Amy Miles called 2012 a record year for the Knoxville, Tenn.-based circuit. “Looking ahead, we are […]

  • Black Panther

    Box Office: 'Black Panther' to Snag More Than $100 Million in Second Weekend

    Robust box office steered profit higher last quarter at Regal Entertainment, the nation’s largest exhib, as net income surged nearly ninefold to $37 million from $4 million. Revenue rose to $723 million from $614 million. In a statement, CEO Amy Miles called 2012 a record year for the Knoxville, Tenn.-based circuit. “Looking ahead, we are […]

  • Baz Luhrmann

    Olympic Figure Skating Resurrects 'Moulin Rouge' and Baz Luhrmann Is Loving It (EXCLUSIVE)

    Robust box office steered profit higher last quarter at Regal Entertainment, the nation’s largest exhib, as net income surged nearly ninefold to $37 million from $4 million. Revenue rose to $723 million from $614 million. In a statement, CEO Amy Miles called 2012 a record year for the Knoxville, Tenn.-based circuit. “Looking ahead, we are […]

  • Songwriter

    Berlin Film Review: 'Songwriter'

    Robust box office steered profit higher last quarter at Regal Entertainment, the nation’s largest exhib, as net income surged nearly ninefold to $37 million from $4 million. Revenue rose to $723 million from $614 million. In a statement, CEO Amy Miles called 2012 a record year for the Knoxville, Tenn.-based circuit. “Looking ahead, we are […]

More From Our Brands

Access exclusive content