Core Insights - Cinemark Holdings, Inc. reported weak Q3 financial results due to lower box office activity in the quarter [1] Financial Performance - The company operates movie theaters in the U.S. and Latin America, and the financials reflect a decline in box office performance [1] Investment Perspective - The investment philosophy focuses on identifying mispriced securities by understanding the drivers behind a company's financials, often revealed through DCF model valuation [1]

Core Insights - Cinemark Holdings, Inc. reported weak Q3 financial results due to lower box office activity in the quarter [1] Financial Performance - The company operates movie theaters in the U.S. and Latin America, and the financials reflect a decline in box office performance [1] Investment Perspective - The investment philosophy focuses on identifying mispriced securities by understanding the drivers behind a company's financials, often revealed through DCF model valuation [1]

Cinemark CEO Sean Gamble says fewer wide releases, lack of a major animated title, and some films that really broke out in 2024 made for tough comps at the box office year-on-year, but that’s about to change. “When you look at just the scale of some of the movies that were released last year, you had some big, big overperformers in the third quarter with a Twisters and a Beetlejuice, Beetlejuice, you just had a wider release slate than you had in the third quarter of this year, as well as the past couple ...

Cinemark (NYSE:CNK) Q3 2025 Earnings Call November 05, 2025 08:30 AM ET Speaker2Greetings. Welcome to the Cinemark Holdings third quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. The question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to Chanda Brashe ...

Core Insights - Cinemark Holdings reported quarterly earnings of $0.4 per share, missing the Zacks Consensus Estimate of $0.44 per share, and down from $1.19 per share a year ago, representing an earnings surprise of -9.09% [1] - The company posted revenues of $857.5 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.53%, but down from $921.8 million year-over-year [2] - Cinemark shares have declined approximately 13.7% since the beginning of the year, contrasting with the S&P 500's gain of 15.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.59 on revenues of $886.32 million, and for the current fiscal year, it is $1.37 on revenues of $3.2 billion [7] - The estimate revisions trend for Cinemark was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Film and Television Production and Distribution industry, to which Cinemark belongs, is currently ranked in the bottom 13% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Performance - Cinemark reported total revenue of $858 million for 3Q25 [33] - Adjusted EBITDA for 3Q25 was $178 million, with a margin of 207% [33] - Free Cash Flow for 3Q25 was $38 million [33] - Year-to-date 3Q25 revenue reached $2339 billion, a ~5% increase year-over-year [35, 36] - Year-to-date 3Q25 Adjusted EBITDA was $446 million, a 3% increase year-over-year, with a margin of 191% [35, 36] Market Position and Expansion - Cinemark achieved record-high third-quarter domestic market share with sustained structural gains versus pre-pandemic levels of more than 100 basis points in both the U S and Latin America [33] - The company has ~70% of U S footprint reclined with luxury seats [13] - Movie Club accounted for nearly 30% of Cinemark's domestic 3Q25 box office [33] Balance Sheet and Capital Allocation - Cinemark ended 3Q25 with a cash balance of $461 million and gross debt of less than $19 billion [39] - The company eliminated $460 million in pandemic-related debt in 3Q25 [39, 46] - The Board of Directors increased the annual dividend by 125% to $009 per quarter in 3Q25 and authorized a $300 million share repurchase program [46]

Cinemark saw revenue and profit dip for the three months ended in September on a softer box office but the nation’s third largest theater chain will boost its quarterly dividend (by 12.5%) and set a new $300 million share repurchase program “reflecting the strength of our financial position and continued confidence in our strategic direction and outlook.” It also said it has eliminated remaining pandemic-related debt through the settlement of $460 million convertible notes. Shares rose 3% in pre-market tr ...

Revenue Performance - Total revenue for the third quarter of 2025 was $857.5 million, a decrease of 7.0% compared to $921.8 million in the third quarter of 2024[202]. - Admissions revenue decreased by 6.7% to $429.7 million in the third quarter of 2025 from $460.4 million in the same period last year[207]. - Concession revenue also declined by 8.3% to $336.7 million in the third quarter of 2025, down from $367.3 million in the third quarter of 2024[207]. - Total revenue for the consolidated segment increased by 5.1% to $1,860.0 million for the nine months ended September 30, 2025, compared to $1,770.4 million in 2024[230]. Attendance Trends - Attendance decreased by 10.3% to 54.2 million in the third quarter of 2025, compared to 60.4 million in the same period last year[207]. - U.S. attendance decreased 11.7% to 33.2 million patrons in Q3 2025 compared to 37.6 million in Q3 2024, attributed to a less appealing film slate[210]. - International attendance decreased 7.9% to 21.0 million patrons in Q3 2025 from 22.8 million in Q3 2024, reflecting a similar trend in film appeal[210]. - U.S. attendance increased to 90.7 million patrons in 2025, up from 90.3 million in 2024, driven by a comparable film slate[234]. - International attendance decreased to 58.0 million patrons in 2025 from 59.8 million in 2024, reflecting a less appealing film slate[234]. Pricing and Revenue per Patron - The average ticket price increased by 4.1% to $7.93 in the third quarter of 2025, compared to $7.62 in the third quarter of 2024[207]. - Average ticket price in the U.S. increased 5.2% to $10.50 in Q3 2025 from $9.98 in Q3 2024, driven by strategic pricing actions[210]. - Concession revenue per patron in the U.S. rose 2.9% to $8.20 in Q3 2025 compared to $7.97 in Q3 2024, primarily due to strategic pricing and a higher mix of merchandise[210]. - Average ticket price increased by 4.6% to $10.36 in 2025, compared to $9.90 in 2024, due to strategic pricing initiatives[234]. - Concession revenue per patron increased by 4.5% to $8.21 in 2025, compared to $7.86 in 2024, driven by strategic pricing actions[234]. Expenses and Income - General and administrative expenses for Holdings increased to $61.9 million in Q3 2025 from $56.4 million in Q3 2024, mainly due to higher share-based compensation and increased headcount[214]. - Interest expense for Holdings decreased to $32.2 million in Q3 2025 from $36.7 million in Q3 2024, primarily due to the payoff of $460.0 million in convertible senior notes[217]. - General and administrative expenses increased to $170.5 million in 2025 from $161.0 million in 2024, primarily due to higher share-based compensation and wages[237]. - Interest expense for Holdings was $110.1 million in 2025, compared to $109.0 million in 2024, primarily due to the issuance of new Senior Notes[240]. Tax and Investment - An income tax benefit of $22.9 million was recorded for Holdings in Q3 2025, down from $42.7 million in Q3 2024, with an effective tax rate of approximately (82.8)%[225]. - Income tax expense for Holdings was $4.9 million in 2025, contrasting with a tax benefit of $71.3 million in 2024, resulting in an effective tax rate of 4.4% in 2025 versus (37.6)% in 2024[248]. - The company recorded a net loss on investment in NCMI of $1.5 million in Q3 2025 compared to a net gain of $11.6 million in Q3 2024, reflecting mark-to-market adjustments[224]. - Net loss on investment in NCMI was $9.4 million in 2025, compared to a net gain of $12.8 million in 2024[247]. Cash Flow and Capital Expenditures - Cash provided by operating activities was $248.3 million for Holdings and $260.1 million for CUSA in the nine months ended September 30, 2025, down from $269.6 million and $279.5 million respectively in 2024[252]. - Cash used for investing activities increased to $98.6 million in 2025 from $89.1 million in 2024, primarily due to higher capital expenditures[253]. - Total capital expenditures for the nine months ended September 30, 2025, were $105.6 million, up from $90.2 million in 2024, with new theaters at $18.3 million and existing theaters at $87.3 million[254]. - Cash used for financing activities surged to $761.8 million for Holdings and $544.1 million for CUSA in 2025, compared to $94.7 million in 2024[258]. Debt and Financing - The company issued $460.0 million of 4.50% convertible senior notes, maturing on August 15, 2025, with interest payable semi-annually[267]. - The company amended its senior secured credit facility to an aggregate principal amount of $775.0 million, including a $650.0 million term loan and a $125.0 million revolving credit facility[274]. - As of September 30, 2025, the company had $633.9 million outstanding under the term loan with an average interest rate of approximately 5.7% per annum[285]. - The company issued $500.0 million of 7.00% senior unsecured notes on July 18, 2024, maturing on August 1, 2032, to repay existing debt[286]. - The total long-term debt as of September 30, 2025, was $1,898.9 million, with an average interest rate of 5.9%[300].

Exhibit 99.1 CINEMARK HOLDINGS, INC. REPORTS THIRD QUARTER 2025 RESULTS • Entertained more than 54 million guests across our global footprint that spans 14 countries. • Delivered multiple record-breaking results that underscore Cinemark's operational strength and progress advancing strategic initiatives, including: o Achieved record-high third-quarter domestic market share; sustained structural share gains versus pre-pandemic levels of more than 100 basis points in both the U.S. and Latin America that conti ...

PLANO, Texas--(BUSINESS WIRE)--Cinemark Holdings, Inc. ("Cinemark†) (NYSE: CNK), one of the largest and most influential theatrical exhibition companies in the world, today reported results for the three and nine months ended September 30, 2025. Cinemark issued a full detailed presentation of its third quarter results, which can be viewed on Cinemark's Investor Relations website at ir.cinemark.com in the financial results section. Conference Call Cinemark will host a public audio webcast on Wed. ...