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CNK — Cinemark Holdings News Story

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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

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  • 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.)

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