Hollywood Bowl’s FY25 results were reassuringly in line with the October trading statement and our forecasts, with revenue +8.9% (LFL +1.3% at constant currency) to £250.8m. The 2H LFL performance is impressive, particularly given the warmer weather that impacted trading through the Spring. Pre-IFRS16 EBITDA (Adj.) of £68.4m was +0.9% YoY. We remain encouraged by the progress made in Canada as Hollywood Bowl implements best-practice across the estate, and the appointment of Laurence Keen as CEO ....
