earnings
confidence high
sentiment neutral
materiality 0.70
Cinemark Q1 revenue $579M, net income $25M; redeems $150M 8.75% notes
Cinemark Holdings, Inc.
2024-Q1 EPS reported
$0.19
revenue$579,200,000
- Total revenue $579.2M (-5.2% YoY); attendance 39.7M patrons (-7.5%).
- Net income $24.8M vs loss of $3.1M a year ago; diluted EPS $0.19 vs $(0.03).
- Concession revenue $224.2M, average per patron $5.65; ticket price $7.30.
- Adjusted EBITDA $70.7M (12.2% margin) vs $86.2M in Q1 2023.
- Redeemed remaining $150M of 8.75% senior secured notes on May 1, 2024; cash $789M.