earnings
confidence high
sentiment negative
materiality 0.75
Cinemark Q2 revenue down 22% to $734M; EPS $0.32 vs $0.80; net income $45.8M
Cinemark Holdings, Inc.
2024-Q2 EPS reported
$0.51
revenue$1,313,400,000
- Revenue $734M (-22.1% YoY); net income $45.8M (-61.6%); diluted EPS $0.32 vs $0.80.
- Adjusted EBITDA $142.1M ($231.5M prior year); 19.4% margin.
- Attendance 50M patrons (-22.4%); ATP $7.32, concession per patron $5.86.
- Redeemed $150M 8.75% notes; repriced term loan saving $3.2M annually; issued $500M 7.00% notes due 2032.
- Domestic box office outperformed industry by 400 bps vs Q2 2024 and 960 bps vs Q2 2019.