Cinema XXI Revenue Soars 9% to Rp5.71 Trillion in 2024

PT Nusantara Sejahtera Raya Tbk, the parent company managing the Cinema XXI cinema network, reported positive financial performance throughout 2024.

The company, with stock code CNMA, recorded revenue of Rp5.71 trillion, a 9.19% year-on-year (YoY) increase.

This growth was driven by a 12.85% YoY increase in cinema ticket sales to Rp3.53 trillion, contributing 62% of CNMA's total revenue.

Food and beverage sales also grew by 4.51% YoY to Rp1.93 trillion, and digital platform revenue increased by 1.58% YoY to Rp107.29 billion.

Meanwhile, advertising revenue decreased by 4.71% YoY to Rp92.89 billion, followed by a decline in event and other revenue of 8.47% YoY to Rp33.81 billion.

In line with the increase in revenue, net profit attributable to the parent entity also rose by 5.98% YoY to Rp728.95 billion in 2024.

Cinema XXI's President Director, Suryo Suherman, stated that the revenue increase was driven by various innovations and business strategies implemented by the company.

"Such as the addition of new cinemas in strategic and potential locations, diversification of food and beverage menus to suit audience preferences, and effective and targeted promotional programs," Suryo said in a written statement on Thursday (27/2/2025).

Throughout last year, Cinema XXI opened 16 new cinema locations with 70 additional screens. The total number of cinemas operated reached 256 with 1,350 screens spread across 65 cities/regencies throughout Indonesia.