Cinemark Q1 revenue up 33% to $611M; net loss narrows to $(3.1)M; redeems $100M notes

Cinemark Holdings, Inc.

2023-Q1 EPS reported -$0.03 revenue$610,700,000

Total revenue $610.7M, up 32.6% YoY; attendance up 29.6% to 42.9M patrons.
Net loss attributable to Cinemark narrowed to $(3.1)M from $(74.0)M; diluted EPS $(0.03) vs $(0.62).
Adjusted EBITDA $86.2M, up 242% YoY from $25.2M in prior-year quarter.
Redeemed $100M of 8.75% Senior Secured Notes due 2025 using cash on hand.
CEO cites better-than-expected box office; 2023 wide-release film slate tracking >110 titles.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cinemark Holdings, Inc. reported the three months ended March 31, 2023 results: revenue $610.7 million, net income $(3.1) million, EPS $(0.03) per diluted share.

Period: the three months ended March 31, 2023
Revenue: $610.7 million
Net income: $(3.1) million
EPS: $(0.03) per diluted share
Result: reported results

Exact text from the filing

Financial Results Cinemark Holdings, Inc.’s total revenue for the three months ended March 31, 2023 increased 32.6% to $610.7 million compared with $460.5 million for the three months ended March 31, 2022. For the three months ended March 31, 2023, admissions revenue increased 31.9% to $311.0 million and concession revenue increased 36.3% to $235.8 million, driven by a 29.6% increase in attendance to 42.9 million patrons. Worldwide average ticket price was $7.25 and concession revenue per patron was $5.50. Net loss attributable to Cinemark Holdings, Inc. for the three months ended March 31, 2023 was $(3.1) million compared with a loss of $(74.0) million for the three months ended March 31, 2022. Diluted loss per share for the three months ended March 31, 2023 was $(0.03) compared with a diluted loss per share of $(0.62) for the three months ended March 31, 2022.

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Source: SEC EDGAR

accession 0000950170-23-018071

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