Vista Group reports strong results, signs Everyman deal

Vista Group International has reported its interim results for the first half of 2023.

The company has seen strong box office performance, with the best quarterly result since 2019.

It has also signed a deal with UK cinema group Everyman for its cloud platform.

The company is undergoing a business transformation to support its vision and strategy.

Financially, Vista Group has seen total revenue of $69.7 million, up 12% from the previous year, and recurring revenue of $60.5 million, up 13%.

The company expects to become free cashflow positive in Q4 2024, a year earlier than previously guided.

Vista Group reaffirms its guidance for 2023 total revenue and remains on target to achieve its 2023 ASM aspirations.