Loading...
•
Sep 30, 2024
Cinemark Q3 2024 Earnings Report
Delivered record-high third quarter revenue and Adjusted EBITDA, driven by strong box office performance and strategic initiatives.
Key Takeaways
Cinemark Holdings, Inc. reported record-high third quarter revenue of $922 million, a 5% increase year-over-year. Net income was $189 million, and Adjusted EBITDA reached a record $221 million with a 23.9% margin.
Entertained 60 million moviegoers across global footprint.
Domestic box office results surpassed North American industry recovery by over 600 basis points year-over-year.
Sustained market share growth versus FY 2019 in excess of 100 basis points in the U.S. and Latin America.
Achieved all-time-high food and beverage per caps of $7.97 in the U.S. and $6.08 worldwide.
Cinemark
Cinemark
Cinemark Revenue by Geographic Location
Revenue by Geographic Location
Domestic Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
This press release includes forward-looking statements which are subject to risks and uncertainties. The company undertakes no obligation to update or revise any forward-looking statements.
Positive Outlook
- future revenue, expenses and profitability
- the future development and expected growth of our business
- projected capital expenditures
- access to capital resources
- national and international growth in our industry
Challenges Ahead
- currency exchange rate and inflationary impacts
- attendance at movies generally or in any of the markets in which we operate
- the number and diversity of popular movies released, the length of exclusive theatrical release windows, and our ability to successfully license and exhibit popular films
- competition from other exhibitors, alternative forms of entertainment and content delivery via streaming and other formats
- determinations in lawsuits in which we are a party; and the ongoing recovery of our business and the motion picture exhibition industry from the effects of the COVID-19 pandemic and the 2023 writers' and actors' guilds strikes.
Revenue & Expenses
Visualization of income flow from segment revenue to net income