earnings
confidence high
sentiment positive
materiality 0.80
Cinemark Q3 revenue $922M (+5% YoY); EPS $1.19; Adj EBITDA record $221M
Cinemark Holdings, Inc.
2024-Q3 EPS reported
$1.73
revenue$2,235,200,000
- Revenue $921.8M (+5.4% YoY); admissions revenue $460.4M (+3.7%), concession revenue $367.3M (+8.1%).
- Net income $187.8M; diluted EPS $1.19 vs $0.61 prior year; included $42.7M tax benefit from valuation allowance release.
- Adjusted EBITDA $220.5M, a Q3 record, with 23.9% margin (+140 bps YoY); generated $107M cash from operations, $64M free cash flow.
- Worldwide attendance 60M patrons; US box office outperformed industry by over 600 bps YoY; food & bev per cap record $7.97 US, $6.08 worldwide.
- Refinanced $500M 7.00% unsecured notes due 2032 and repaid $6M COVID debt in Latin America; cash balance $928M.