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Jun 30, 2024
Cinemark Q2 2024 Earnings Report
Cinemark's Q2 2024 performance was marked by strong consumer demand and strategic execution, resulting in solid financial results.
Key Takeaways
Cinemark reported a total revenue of $734 million and a net income of $47 million for Q2 2024. The company's adjusted EBITDA stood at $142 million, reflecting a 19.4% margin. Cinemark also focused on strengthening its balance sheet through various financial actions.
Cinemark entertained 50 million moviegoers across its global footprint.
The company's domestic box office results surpassed North American industry recovery.
Cinemark sustained market share growth versus FY 2019 in the U.S. and Latin America.
A healthy cash balance of $789 million was maintained at quarter-end.
Cinemark
Cinemark
Cinemark Revenue by Geographic Location
Revenue by Geographic Location
Domestic Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Cinemark plans to continue pursuing balanced and disciplined investments to position Cinemark for the long-term with approximately $150 million expected to be deployed toward global growth and maintenance in 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income