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Record-Breaking Audience Numbers: Cinema XXI Earns Rp5.2 Trillion in 2023

Nabilah Muhamad 14/03/2024 13:27 WIB

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Cinema XXI reported Rp5.2 trillion in revenue in 2023, an 18.8% increase from the previous year.

Cinema XXI Revenue and Profit (2022-2023)

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Record-Breaking Audience Numbers: Cinema XXI Earns Rp5.2 Trillion in 2023

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Cinema XXI Revenue and Profit (2022-2023)

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PT Nusantara Sejahtera Raya Tbk, the parent company of Cinema XXI, reported revenue of Rp5.23 trillion in 2023.

This figure represents an 18.8% increase year-on-year (YoY).

"This performance improvement was achieved by focusing on cinema ticket sales, the development of food and beverage products, digital platforms, and advertising," said Cinema XXI President Director Hans Gunadi in a press release on Friday (March 8, 2024).

Approximately 60% of the revenue of the CNMA-coded issuer came from cinema ticket sales, amounting to Rp3.14 trillion, a 16.3% YoY increase.

The food and beverage sector contributed Rp1.85 trillion in revenue, up 29.3% YoY.

Meanwhile, advertising revenue decreased by 24.6% YoY to Rp98.55 billion, digital platform revenue decreased by 10% YoY to Rp105.63 billion, and revenue from events and other sectors grew by 69.5% YoY to Rp36.94 billion.

Net profit attributable to the parent entity reached Rp687.76 billion in 2023, a 49.4% YoY increase.

Throughout 2023, Cinema XXI opened 18 new locations with an additional 75 screens.

As of December 31, 2023, Cinema XXI had 240 cinemas with a total of 1,280 screens spread across 60 cities/regencies in Indonesia.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Record-Breaking Audience Numbers: Cinema XXI Earns Rp5.2 Trillion in 2023

Record-Breaking Audience Numbers: Cinema XXI Earns Rp5.2 Trillion in 2023

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Record-Breaking Audience Numbers: Cinema XXI Earns Rp5.2 Trillion in 2023

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