Companies

Revenues 50% lower than pre-Covid levels at Odeon as cinema group attempts rebuild

Company, which has reduced its headcount by more than 50 staff, reported a €5.3m loss in 2021

Odeon: directors said a ‘more robust slate of film releases’ in 2022 would help its cinemas to bolster their attendance numbers and revenues. Picture: Getty

Revenues at Ireland’s Odeon Cinema group remained more than 50 per cent below pre-pandemic levels in 2021, with the business suffering after-tax losses of nearly €5.3 million despite an improved year.

United Cinemas Ireland is part of the Odeon brand, which is the market leader in Ireland with 11 cinemas and 77 screens around the country. The brand opened its first Irish cinema in 2012 in Point Square in Dublin.

New accounts show that despite ...