Vista Group upgrades full year revenue guidance as blockbuster movies revive industry

by NZ Herald — 29 August 2022

Cinema software company Vista Group has upgraded its revenue guidance for the full year as box office growth improves – with blockbusters like Top Gun: Maverick and the latest Jurassic Park movie helping.

The Auckland-based company that dominates cinema management and marketing software worldwide still reported a net loss for the first half but saw positive revenue and earnings growth.

The net loss for the six months June 30 was $18 million, which included $13.8m of non-cash impairment charges related to Vista China, equity accounted losses and acquisition costs. The loss widened from $2.6m reported for the previous corresponding period.

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