tiprankstipranks
Cinemark Holdings Achieves Record Revenue in Q3 2024
Company Announcements

Cinemark Holdings Achieves Record Revenue in Q3 2024

Pick the best stocks and maximize your portfolio:

Cinemark Holdings ( (CNK) ) has provided an update.

Cinemark Holdings, Inc. reported significant growth in Q3 2024, achieving record-high revenue of $922 million, a 5% increase from the previous year. The company entertained 60 million moviegoers and delivered a net income of $189 million, highlighting the continued demand for theatrical experiences. Cinemark’s strategic initiatives and compelling movie releases contributed to surpassing industry recovery rates and achieving impressive market share growth in both the U.S. and Latin America.

Learn more about CNK stock on TipRanks’ Stock Analysis page.

Related Articles
Casey Dylan, CIMACinemark Holdings (CNK) Rewriting the Box-Office Narrative Post-Covid
TheFlyCinemark price target raised to $40 from $35 at Morgan Stanley
TheFlyCinemark price target raised to $40 from $32 at Benchmark
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App