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Cinemark Q1 2025 Earnings Report
Cinemark Holdings, Inc. reported a decrease in total revenue and a net loss for the first quarter of 2025, despite outperforming industry benchmarks in box office results and achieving a new all-time high in domestic food and beverage per cap.
Key Takeaways
Cinemark Holdings, Inc. reported total revenue of $541 million and a net loss of $(39) million for the first quarter of 2025. Adjusted EBITDA was $36 million, with a 6.7% margin. The company outpaced industry recovery in box office results and achieved record domestic food and beverage per cap, while also initiating its first-ever stock buyback program and paying a dividend since the pandemic.
Cinemark entertained 37 million moviegoers globally in Q1 2025.
The company's domestic box office results surpassed North American industry recovery by 160 basis points year-over-year, and international admissions also outpaced comparable industry benchmarks.
Cinemark achieved a new all-time high domestic food and beverage per cap of $7.98.
The company implemented its first-ever stock buyback program, executing $200 million in share repurchases, reducing outstanding shares by approximately 6.5%.
Cinemark
Cinemark
Cinemark Revenue by Geographic Location
Revenue by Geographic Location
Domestic Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Cinemark anticipates a favorable rebound in the industry's recovery trajectory for the year, with the second quarter pacing well ahead of the previous year's box office results. The company is encouraged by resilient consumer trends, a resurgence of wide release volume, and its strong financial and competitive positions.
Positive Outlook
- Favorable rebound in the industry's recovery trajectory expected for the year.
- Second quarter is pacing well ahead of 2024's box office results.
- Strong, sustained enthusiasm consumers have for experiencing diverse, well-marketed films in theaters.
- Resilient consumer trends and continued resurgence of wide release volume.
- Cinemark's advantaged financial and competitive positions, and opportunities to generate incremental value creation through strategic initiatives.
Challenges Ahead
- Lingering effects of the 2023 Hollywood strikes impacted the suppressed box office environment in Q1.
- Operating de-leverage associated with a softer box office environment.
- Risks and uncertainties that could cause actual results to differ materially from forward-looking statements.
- Potential impacts from currency exchange rates and inflationary pressures.
- Competition from other exhibitors, alternative forms of entertainment, and content delivery via streaming.