Vista 1H loss widens to $18m as box office growth resumes

Chief executive Kimbal Riley said a packed film slate signals increased momentum. (Image: Twitter)

Mon, 29 Aug 2022

Vista Group reported a $17.8 million first-half net loss but said that moviegoing is reviving after the covid pandemic cinema shutdowns.The latest net loss widened from a $3.3m net loss in the previous first half but revenue rose 39% to $62.4m and recurring revenue was up 43% to $54m.The main reason for the loss was $13.8m in write-downs, including writing off its investment in Vista China to zero amid continuing covid lockdowns in that country.The company now expects annual revenue for calendar 2022 will be between $123m and $128m, up from its...

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