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The latest update is out from Cinemark Holdings ( (CNK) ).
Cinemark Holdings reported a robust financial performance for Q4 and FY 2024, with total revenue exceeding $3 billion and net income of $313 million. The company reinstated its annual cash dividend at $0.32 per share, emphasizing its recovery from the pandemic and commitment to shareholder value. Cinemark outperformed the North American industry box office and showed significant market share growth, despite challenges like the 2023 Hollywood Guild Strikes. The company also strengthened its balance sheet by retiring pandemic-related debt and reducing interest expenses.
More about Cinemark Holdings
Cinemark Holdings, Inc., headquartered in Plano, TX, is one of the largest movie theatre companies globally, operating 497 theaters with 5,653 screens across the U.S., South, and Central America. The company is known for enhancing the moviegoing experience with features like Luxury Lounger recliner seats and premium large format XD screens.
YTD Price Performance: 5.13%
Average Trading Volume: 2,345,132
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.98B
Find detailed analytics on CNK stock on TipRanks’ Stock Analysis page.
