Regal Owner Cineworld’s CEO Touts “Real Grounds for Optimism” as October Revenue Nears 2019 Levels

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Regal Owner Cineworld’s CEO Touts “Real Grounds for Optimism” as October Revenue Nears 2019 Levels
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Regal owner Cineworld says its revenue hit 90 percent of 2019 pre-pandemic levels in October, which also reached positive cash flow. More:

Exhibitors’ financials and their stocks were under pressure amid the coronavirus pandemic, but have started bouncing back.

The company also highlighted that it generated positive cash flow in October, calling this “an important milestone in the company’s recovery.” Given the company’s high debt load, generating positive cash flow is a particular focus for management.Black Widow, Shang-Chi,” Cineworld said. “There are still major blockbusters to be released in 2021, includingThe Matrix Resurrections

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