EVT's Solid Hotel Performance More Than Offsetting Struggling Cinemas

EVT earnings are generated from cinemas, hotels, the Thredbo ski resort, and a portfolio of property investments. The cinema division, labeled as the entertainment segment, is dependent on discretionary expenditure and popularity of films from studios, both Hollywood, independent and foreign markets. The emergence of home entertainment systems, broadband-enabled streaming services and the shortening of the release window from film to home format pose an earnings risk longer term. Cinema exhibitors such as EVT are focused on enhancing the moviegoing experience as a point of difference.