Cinemark Q2 revenue rises to record high, helped by market share gains
Cinemark Q2 revenue rises to record high, helped by market share gains
Overview
US movie theater operator's Q2 revenue rose 15.5% yr/yr to record high
Q2 net income nearly doubled yr/yr
Company cites strong box office and operational improvements for record results
Result Drivers
FILM SLATE - Co said a diverse and popular slate of films meaningfully connected with audiences, driving attendance
MARKET SHARE GAINS - Co reported sustained market share gains in both the U.S. and Latin America, outpacing industry growth benchmarks
BUSINESS OPTIMIZATION - Co cited enhanced consumer offerings and operational improvements as contributing to record results
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Income |
| $141 mln |
|
Q2 Adjusted EBITDA |
| $294 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the leisure & recreation peer group is "buy"
Wall Street's median 12-month price target for Cinemark Holdings Inc is $36.50, about 4.6% above its July 29 closing price of $34.89
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago
Reuters Recommended Reads
July 29 - Resilient tourists help US travel firms absorb Middle East shock
July 28 - BetMGM cuts outlook as prediction market competition grows
July 28 - Omnicom tops quarterly revenue estimates on strong ad demand
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Recent news on Cinemark Holdings
See all newsBrief: Cinemark Announces Quarterly Cash Dividend And Addition To Board Of Directors
Cinemark Holdings Inc reports results for the quarter ended June 30 - Earnings Summary
Cinemark Q2 revenue rises to record high, helped by market share gains
Brief: Cinemark Q2 Net Income USD 141 Million
'The Odyssey' triumph casts IMAX suitors adrift