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Mar 31, 2024
Cinemark Q1 2024 Earnings Report
Cinemark reported total revenue of $579 million and net income of $25 million, navigating strike-induced headwinds.
Key Takeaways
Cinemark Holdings, Inc. reported a total revenue of $579 million and a net income of $25 million for the first quarter of 2024. The company's performance demonstrated skillful navigation of a dynamic operating environment impacted by strike-induced headwinds. They also strengthened their balance sheet by redeeming the remaining $150 million of COVID-related senior secured notes.
Entertained 40 million moviegoers across our global footprint.
Delivered domestic box office results that surpassed North American industry recovery relative to Q1 2019 by more than 700 basis points; international admissions outpaced our corresponding Latin American industry recovery by approximately 600 basis points.
Sustained market share growth versus FY 2019 of more than 100 basis points in the U.S. and Latin America.
Reported $579 million of total revenue and $25 million of net income with diluted earnings per share of $0.19.
Revenue by Geographic Location
Forward Guidance
Cinemark is optimistic about long-term industry outlook due to consumer moviegoing patterns, film volume recovery, and strength of content appeal. The company believes it is uniquely positioned to thrive.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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