Domestic Theaters Continue to Operate at a Loss
CJ CGV announced on November 6, 2025, that it recorded consolidated sales of 583.1 billion won and an operating profit of 23.4 billion won in the third quarter of 2025.
The company maintained profitability, supported by the global expansion of CJ 4DPLEX, growth in Southeast Asian markets such as Vietnam and Indonesia, and stable sales growth at CJ OliveNetworks.
Subsidiary CJ 4DPLEX posted sales of 34 billion won and an operating profit of 3.5 billion won. Although overall sales decreased year-on-year due to a reduction in original content, sales from 4DX and SCREENX increased by 56%, driven by the global success of "Demon Slayer: Mugen Train" and "F1® The Movie." Operating profit slightly declined due to expanded strategic investments.
The Vietnam subsidiary achieved record-high quarterly results with sales of 67.1 billion won and an operating profit of 14.7 billion won. Operating profit surged by 359.4% year-on-year, while sales rose 42.2%, fueled by the local title "Mua Do," which attracted over 8 million viewers.
In Indonesia, the company maintained profitability with sales of 26.1 billion won and an operating profit of 3.4 billion won. Thanks to the success of foreign films such as "Demon Slayer: Mugen Train" and "The Conjuring: Last Rites," sales recovered to 86% of the level seen in the same period in 2019, before the COVID-19 pandemic.
In China, sales reached 71.3 billion won with an operating profit of 2.1 billion won. Sales increased due to the popularity of local content such as "Nanjing Photo Studio" and "Donggeukdo," and operating profit improved by 13.7 billion won compared to the second quarter. In Turkiye, sales were 29.9 billion won with an operating loss of 7.6 billion won, impacted by the off-season and inflation; however, losses were reduced through cost optimization measures such as restructuring lease agreements.
Domestically, sales were 196.2 billion won with an operating loss of 5.6 billion won. Audience demand grew due to the government's film consumption coupon program and the success of titles such as "Zombie Daughter," "F1® The Movie," and "Demon Slayer: Mugen Train." The company also reduced losses compared to the second quarter by cutting fixed costs and improving site structures.
CJ OliveNetworks recorded sales of 204.3 billion won and an operating profit of 15.1 billion won. Sales grew by 11.7% year-on-year, driven by increased orders for system integration (SI) projects in the logistics and retail sectors.
For the fourth quarter, CJ CGV expects to expand sales centered on premium technology auditoriums with the release of major Hollywood titles such as "Avatar: The Last Airbender," "Zootopia 2," and "Wicked: For Good." CJ 4DPLEX plans to strengthen collaborations with global chains such as AMC, Cinepolis, and Cinemark, and to expand global releases of SCREENX and 4DX blockbuster films and K-pop concert live content.
In Vietnam and Indonesia, the company aims to maintain profitability by opening new sites and improving fixed cost structures, while increasing the distribution of alternative content such as K-pop and sports, as well as Korean films. In China and Turkiye, it will continue to optimize lease agreements and enhance cost efficiency, seeking to restore profitability through the operation of premium technology auditoriums. In Korea, the company plans to continue improvements through the release of large-scale content and operational efficiency.
CJ OliveNetworks will strengthen its business in entertainment technology, retail technology, smart logistics, and cloud services, and plans to enhance competitiveness through AI transformation (AX).
Jung Jongmin, CEO of CJ CGV, stated, "In the third quarter, we focused on the growth of our theater business in Southeast Asia and the global expansion of CJ 4DPLEX. In the fourth quarter, we will accelerate performance improvements centered on premium technology auditoriums."
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