On October 31, 2024, Wanda Film (002739.sz) released its third quarterly report.
company achieved operating income of 9.846 billion yuan in the first three quarters, a year-on-year decrease of 12.23%; it achieved non-net profit of 82 million yuan, a year-on-year decrease of 92.53%. Among them, operating income in the third quarter was 3.628 billion yuan, a year-on-year decrease of -18.98%; non-net profit deducted from 688 million yuan in the third quarter of last year turned into a loss of 3.98 million yuan.
As of Wanda Film's third quarter report
Wanda Film attributed the decline in performance mainly to "a larger decline in domestic and overseas box office revenue compared with the same period last year and higher fixed costs for theater operations." In the third quarter of this year, the national movie box office was 10.86 billion yuan, down 43.8% from the same period last year; the number of moviegoers was 265 million, down 43.3% from the same period last year.
Not only domestically, during the reporting period, Wanda Film Australia achieved a box office of AU$214 million, a year-on-year decrease of 8.9%; the number of moviegoers was 11.8 million, a year-on-year decrease of 8.5%.
The financial report shows that in order to cope with this situation, Wanda Film has actively carried out marketing activities, such as peripheral derivatives and theme packages, w+ membership cards, imax theme theaters and pre-screening advertisements with "Genshin Impact" starting from September 20. Carry out cross-border linkage cooperation in various aspects. In the first three quarters, the company's sales expenses were 556 million yuan, a year-on-year increase of 7.33%.
On October 31, 2024, Wanda Film (002739.sz) released its third quarterly report.
company achieved operating income of 9.846 billion yuan in the first three quarters, a year-on-year decrease of 12.23%; it achieved non-net profit of 82 million yuan, a year-on-year decrease of 92.53%. Among them, operating income in the third quarter was 3.628 billion yuan, a year-on-year decrease of -18.98%; non-net profit deducted from 688 million yuan in the third quarter of last year turned into a loss of 3.98 million yuan.
As of Wanda Film's third quarter report
Wanda Film attributed the decline in performance mainly to "a larger decline in domestic and overseas box office revenue compared with the same period last year and higher fixed costs for theater operations." In the third quarter of this year, the national movie box office was 10.86 billion yuan, down 43.8% from the same period last year; the number of moviegoers was 265 million, down 43.3% from the same period last year.
Not only domestically, during the reporting period, Wanda Film Australia achieved a box office of AU$214 million, a year-on-year decrease of 8.9%; the number of moviegoers was 11.8 million, a year-on-year decrease of 8.5%.
The financial report shows that in order to cope with this situation, Wanda Film has actively carried out marketing activities, such as peripheral derivatives and theme packages, w+ membership cards, imax theme theaters and pre-screening advertisements with "Genshin Impact" starting from September 20. Carry out cross-border linkage cooperation in various aspects. In the first three quarters, the company's sales expenses were 556 million yuan, a year-on-year increase of 7.33%.
Nandu reporter Miao Lingyun from Shanghai
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