VGL Analysis: Q3 2025 Trading Update

Published 24 Oct 2025 • 2 min • vgl

Event: Q3 2025 Trading Update | Date: 2025-10-23 | Source: Vista Group Investor Centre

Guidance Maintained Despite Box Office Softness

Vista Group International released its Q3 2025 trading update on 23 October 2025, reaffirming FY2025 EBITDA margin guidance of 16-18% despite noting some softness in box office performance. The company reported continued year-on-year revenue growth, driven by its cloud transformation progress, with cloud sites reaching 683 and an implementation pipeline of 942 sites providing 2-3 years of visibility. Recurring revenue remained strong at 90% of total, underpinning the margin outlook amid external headwinds. No specific quarterly financials were disclosed, but the update highlighted operational resilience in cinema management software and related services. For full details, refer to the announcement on the Vista Group Investor Centre.