Marcus Corp

marcuscorp.com

What Do They Do?

Sells movie tickets, concessions and food and drinks to moviegoers, and hotel rooms and food and drinks to hotel guests.

How Do They Make Money?

Moviegoers pay for tickets, concessions and food and drinks at the time of sale; hotel guests pay for rooms day by day and for food and drinks at the time of sale.

revenue

Segment	Share	Revenue	How money arrives
Theatres Sold outright	61% FY2022: 60%		Sold outright
Hotels/Resorts Recurring	39% FY2022: 40%		Recurring

Who Are Their Customers?

Moviegoers buy tickets at theatres, through Marcus's website or app, or on Fandango; hotel guests stay at the company's owned or managed hotels and resorts.

Do Revenues Turn Into Profits?

Yes. It kept 2 cents of every revenue dollar as net income in FY2025.

Operating income, FY2025

2% of revenue

▲ +6% vs FY2024 ($16.2M, 2%)

Net income, FY2025

2% of revenue

▲ Now profitable vs FY2024 (−$7.8M, −1%)

Free cash flow, FY2025

0% of revenue

▼ −96% vs FY2024 ($24.7M, 3%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +12%; vs $206M in Q2 FY2025
Net income: ▲ +116%; vs $7.3M in Q2 FY2025

Theatres share of revenue vs 63.9% in Q2 FY2025

Growing. Revenue grew 66% in 4 years, from $458.2M in FY2021 to $758.5M in FY2025, about 13% a year.

ScreenX added to theatre options Adds ScreenX auditoriums to its movie options, alongside UltraScreen, SuperScreen and IMAX.

Revenue over time

Theatres Hotels/Resorts Corporate

$1B$500M$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with AMC Entertainment, Cinemark, Regal Cinemas, Hyatt, Marriott, Hilton Worldwide, Airbnb, Vrbo, and HomeAway

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