Everyman has released a year-end trading update which points to a softer-than-expected UK Box Office backdrop in 4Q25E. Titles such as One Battle After Another and Wicked: For Good have seen weaker admissions than hoped combined with higher levels of consumer uncertainty surrounding the Budget. Management expects revenue of at least £114.5m (c.6% below our estimate), but up 7% YoY on the reported FY24A (£107.2m), or 10% YoY when adjusting FY24A to a comparable 52-week basis (£103.8m). Adj EBITDA ....
