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Latest in Cinemark Earnings
Cinemark Stock Dips On Q2 Write-Down, Higher Costs; CEO Sees Next Two Months Challenged By Fewer Releases
Cinemark, which saw box office momentum buoy second quarter financials, said August and September will be tougher as new release volume dips.
CEO Sean Gamble told Wall Street on a post-earnings call that the nation's third largest exhibitor is optimistic on the business, but that the pace of an ongoing recovery…
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1 Comments Comment on Cinemark Stock Dips On Q2 Write-Down, Higher Costs; CEO Sees Next Two Months Challenged By Fewer Releases
Cinemark Has $525M In Cash, Sees 2021 As “Transition Year” With “Normalized” Box Office In 2022
Executives at Cinemark, the No. 3 U.S. exhibitor, believe they have sufficient cash to last “well into 2021” even if theaters remain closed due to COVID-19.
The forecast came during an earnings call with Wall Street analysts Tuesday to discuss second-quarter numbers. Earlier in the morning, company reported…
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By Dade Hayes
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Cinemark Hits All-Time Revenue High In Q2 On ‘Avengers: Endgame’ Receipts
Major exhibition circuit Cinemark hit an all-time revenue high in the second quarter and blew past Wall Street estimates for earnings thanks to strong box office for titles like Avengers: Endgame.
Revenue in the quarter ending June 30 rose nearly 8% to $957.8 million from $889 million in the prior-year period…
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By Dade Hayes
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Cinemark Q3 Net Plunges 42% On Summer Films’ “Weaker Consumer Appeal”
Cinemark’s net income plunged 42% on a nearly 8% decline in revenue for the third quarter ending Sept. 30, with the exhibitor blaming the “weak consumer appeal” of Hollywood’s summer slate.
Net income of $38.1 million compared with $65.7 million a year ago. Revenue came in at $710.8 million compared to $768.6 million…
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By Dade Hayes
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Cinemark Handily Beats Q3 Earnings Estimates With All-Time High Attendance
Interesting to see how much growth took place at the exhibition chain’s U.S. venues as opposed to Latin America, which is supposed to be its most attractive opportunity. Overall, Cinemark generated net income in Q3 of $80.7M, +68.9% vs the period last year, on revenues of $757.6, +19.6%. Analysts anticipated lower…
Cinemark Delivers Record Revenues In Q4, But Still Misses Expectations
Wall Street may have expected a little too much of the exhibition chain for the last three months of 2012. It reports net income of $27.8M, +52.3% vs the end of 2011, on revenues of $611.5M, +14.1%. Pretty good, right? But analysts expected revenues to come in higher, at $616.7M. And a pre-tax loss of $5.6M for early…
Cinemark Beats Q3 Forecasts With Gains At Overseas Theaters
Cinemark looked like two different companies in the quarter that ended in September. The part with the U.S. theaters delivered blah results compared to last year, while the Latin American-focused international side was on fire. All together, the company reported net income of nearly $48M, +6.7% vs the period last…
Cinemark Beats Wall Street's Q2 Earnings And Revenue Expectations
The chain that owns the Aurora, Colorado theater where 12 people were murdered last month just filed a dry financial statement and press release this morning without the usual comments from the CEO about the company and its agenda. And the numbers are solid, following the industry pattern of lower attendance offset by…
Cinemark Tops Q1 Earnings Estimates As Admissions And Prices Rise
The Plano, Texas-based exhibition chain kept in step with the earnings season’s round of better-than-expected results. It generated $772,000 in net income, up 115% vs the same period last year, on revenues of $578.8M, up 6.8%. The revenue figure compared to analysts’ consensus forecast of $572M. And earnings, at 37…
UPDATE: Cinemark Vows To “Push Back” Against Proposal To Make Theaters Shoulder 3D Glasses Costs
UPDATE, 6:40 AM: CEO Alan Stock made his comment in a conference call with analysts who asked what he’d do if Sony continues with its plan to stop paying for 3D glasses — leaving it to exhibitors to manage the expense. “We think the way the glasses model works in the U.S. is a great way to work it,” he said. He added…
Cinemark 2Q Earnings Miss On Early Debt Repayment But Revenues Beat The Street
The movie theater chain says its debt-refinancing effort sliced $4.9M from 2Q earnings. As a result Cinemark reported net profits of $40.4M, up 1.8% vs the same period last year, on revenues of $620.6M, up 15.1%. Earnings at 35 cents a share were short of the consensus forecast of 39 cents — but the company beat the…
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