Cineworld Results: Exhibition Giant Suffers Massive Half-Year Downturn Due To COVID

Leading exhibition chain Cineworld, which owns Regal in the U.S., has presented inevitably bleak interim results for the six month period ended 30 June 2020. Group revenue fell to $712.4M from 2019’s $2.1BN and group adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) fell to $53M from 2019’s $758.6M. Admissions fell from 136M to […]