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Cinemark Holdings (CNK)
NYSE:CNK
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.36Last Year’s EPS
-$0.15Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 1.15%
|Next Earnings Date:Feb 21, 2025
Earnings Call Sentiment|Positive
Cinemark's third quarter results showcased strong financial performance with record-breaking revenue and growth, driven by strategic initiatives and favorable content mix. Despite some challenges in international attendance and increased film rental expenses, the company's operational efficiency and market share gains highlight a positive trajectory.Company Guidance
During Cinemark Holdings Inc.'s Third Quarter 2024 Earnings Call, the company reported several key metrics reflecting strong financial performance and market positioning. North American industry box office reached $2.7 billion, marking a 1% year-over-year increase and nearly matching pre-pandemic levels, while Cinemark's worldwide adjusted EBITDA grew 12% to $221 million, the highest in the company's history for a third quarter. The company also achieved a new domestic concession per capita record of $7.97, contributing to a total revenue of $922 million, another record for the third quarter. Despite a slight decline in attendance, Cinemark's strategic initiatives led to a market share increase of over 600 basis points domestically and more than 100 basis points internationally. Additionally, the company maintained a cash balance of $928 million, supported by a strong box office environment and strategic refinancing efforts. These achievements underscore Cinemark's continued resilience and strategic positioning as it navigates post-pandemic recovery, with a keen focus on delivering value through a mix of compelling theatrical content and innovative customer engagement strategies.Record-Breaking Revenue and Growth
Cinemark achieved worldwide total revenue of $922 million, marking the highest third quarter revenue of all time. The company also delivered its highest third quarter adjusted EBITDA in history, growing 12% year-over-year to $221 million.
Strong Box Office Performance
Cinemark outperformed the North American industry box office growth by over 600 basis points domestically, and achieved its highest grossing August and September box office proceeds of all time.
Concession Growth
A new domestic concession per cap record of $7.97 was set, reflecting nearly a 12% increase year-over-year, driven by higher incidence rates and strategic pricing measures.
Operational Efficiency and Market Share Gains
Cinemark maintained significant market share gains compared to pre-pandemic levels, growing its U.S. market share by 80 basis points year-over-year, supported by strategic initiatives and favorable film content mix.
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CNK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $30.48 | $29.75 | -2.40% |
| Aug 02, 2024 | $23.09 | $24.85 | +7.62% |
| May 02, 2024 | $17.43 | $17.59 | +0.92% |
| Feb 16, 2024 | $16.55 | $16.54 | -0.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cinemark Holdings (CNK) report earnings?
Cinemark Holdings (CNK) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Cinemark Holdings (CNK) earnings time?
Cinemark Holdings (CNK) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNK EPS forecast?
CNK EPS forecast for the fiscal quarter 2024 (Q4) is $0.36.
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