4 June 2025 | 1:31PM EDT Americas Entertainment: Front Row Report: Theater Industry & Box Office Tracker, May 2025 We refresh this monthly tracker for our Movie Theaters coverage (primarily for Cinemark & IMAX), to keep fresh data across several sources, including i) Box Office Mojo running box office totals by month and for current titles, ii) Placer AI foot traffic for large movie theater chains, iii) HundredX consumer sentiment for moviegoing experiences, iv) Sensor Tower downloads, session counts, & MAU ...

The movie theatre industry is finding its stride after weathering a series of disruptions in recent years. After facing immense challenges and dealing with the ripple effects of the 2023 Hollywood strikes, the sector is now demonstrating signs of a meaningful recovery. Over the 2025 Memorial Day weekend (through May 26), operators including AMC Entertainment Holdings, Inc. (AMC) , Cinemark Holdings, Inc. (CNK) , and The Marcus Corporation (MCS) reported record-breaking performance, hinting at a broader reco ...

President Donald Trump has his sight set on a new sector with threats of tariffs to keep more things made in America.Here's a look at what's Trumps comments on the "dying" movie industry mean.What Happened: On social media, Trump threatened the movie industry with tariffs on movies produced "in foreign lands," a move that could impact companies like Walt Disney Co DIS, which generates billions of dollars at the box office annually."The Movie Industry in America is DYING a very fast death. Other Countries ar ...

Cinemark CEO Sean Gamble was upbeat at an ongoing box office turnaround that started in April box and touted Amazon MGM’s newfound commitment to theatrical releases. On a call with analysts after quarterly earnings, he said M&A in exhibition may finally pick up, and also recalled the industry’s historically sturdy performance during periods of economic uncertainty — which appears to be upon us. The chief executive of the nation’s third largest theater circuit weighed in on the lively debate around windows ...

Cinemark Holdings (CNK) reported $540.7 million in revenue for the quarter ended March 2025, representing a year-over-year decline of 6.7%. EPS of -$0.32 for the same period compares to $0.19 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $519.59 million, representing a surprise of +4.06%. The company has not delivered EPS surprise, with the consensus EPS estimate being -$0.32.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Cinemark (CNK) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Company Participants Chanda Brashears - SVP, IRSean Gamble - CEO, President & DirectorMelissa Thomas - CFOBenjamin Swinburne - Head of U.S Media ResearchPatrick Sholl - Vice PresidentStephen Laszczyk - Vice PresidentAlicia Reese - SVP - Equity Research Conference Call Participants Eric Handler - MD & Senior Research AnalystChad Beynon - Managing Director, AnalystOmar Mejias - AnalystRobert Fishman - Senior Research AnalystDavid Karnovsky - Senior ...

Group 1 - Cinemark Holdings reported a quarterly loss of $0.32 per share, aligning with the Zacks Consensus Estimate, compared to earnings of $0.19 per share a year ago [1] - The company posted revenues of $540.7 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 4.06%, but down from $579.2 million year-over-year [2] - Cinemark has surpassed consensus revenue estimates four times over the last four quarters [2] Group 2 - The stock has lost approximately 3.5% since the beginning of the year, while the S&P 500 has declined by 4.7% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the next quarter is $0.80 on revenues of $958.46 million, and for the current fiscal year, it is $1.65 on revenues of $3.3 billion [7] Group 3 - The Zacks Industry Rank for Film and Television Production and Distribution is in the bottom 37% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The estimate revisions trend for Cinemark is currently mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it will perform in line with the market [6]

Financial Data and Key Metrics Changes - Cinemark's worldwide first quarter revenue was $541 million with adjusted EBITDA of $36 million and an adjusted EBITDA margin of 6.7% [6][16] - Compared to the first quarter of 2022, adjusted EBITDA grew almost 45% despite inflationary cost pressures [6][16] - The company reported a net loss of $38.9 million, resulting in a loss per share of $0.32 [23] Business Line Data and Key Metrics Changes - U.S. operations generated $417.1 million in revenue with adjusted EBITDA of $20 million, yielding a 4.8% adjusted EBITDA margin [18] - International operations grew revenue by 1% year over year to $123.6 million, with adjusted EBITDA of $16.4 million and an adjusted EBITDA margin of 13.3% [20][21] - Domestic average ticket price increased by 3% year over year to $10.8, while domestic concession revenue was $164.4 million, achieving a new all-time high per cap of $7.98, up 5% year over year [18][19] Market Data and Key Metrics Changes - North American industry box office totaled approximately $1.5 billion, declining 12% compared to the same period in 2024 [4] - Cinemark's market share in the U.S. grew by 30 basis points year over year, maintaining gains in excess of 100 basis points compared to pre-pandemic levels [17] - International market share also saw strong gains, delivering over 200 basis points of growth versus Q1 of 2019 [19] Company Strategy and Development Direction - Cinemark aims to capitalize on the ongoing resurgence of content in the theatrical market while maintaining operational discipline [15] - The company plans to invest in enhancing the entertainment experience, strengthening theater quality, and developing loyalty programs [14] - A $200 million share buyback program was executed to manage potential dilution related to convertible note settlements [15][25] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the industry's recovery trajectory, citing strong upcoming film releases and sustained consumer enthusiasm for theatrical experiences [4][8] - The company has not seen any adverse effects from the macroeconomic environment on moviegoing, with continued strong performance in attendance and concession sales [77][78] - Management expects to maintain a balanced approach to capital allocation while focusing on long-term growth opportunities [27] Other Important Information - The company paid its first quarterly dividend since the pandemic, reflecting confidence in its financial position [14] - Capital expenditures for 2025 are anticipated to be $225 million, focusing on maintaining and enhancing the global circuit [26] Q&A Session Summary Question: Share buyback program and future plans - Management expressed satisfaction with the execution of the $200 million share buyback and indicated that future repurchase decisions will depend on various factors including cash liquidity and market conditions [30][32] Question: Expectations from Amazon and Apple studios - Management is encouraged by Amazon's commitment to theatrical releases and optimistic about Apple's upcoming projects, noting that both studios are investing in their theatrical strategies [42][46] Question: Impact of flexible windows on box office - Management acknowledged ongoing discussions about theatrical windows and their impact on consumer behavior, emphasizing the need for a balance that maximizes revenue without harming attendance [58][60] Question: Concession costs and future expectations - Management noted that higher concession costs were driven by a mix of merchandise and inflationary pressures but do not expect this to be the new run rate going forward [81][82] Question: Market share and operating hours - Management discussed the potential to adjust operating hours to capture more attendance during peak demand periods, while also noting the challenges posed by capacity constraints [68][70]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | Commission | Exact Name of Registrant as Specified in its Charter, | State of | I.R.S. Employer | | --- | --- | --- | --- | | File Number | Principal Executive Office Address and Telephone Number | ...

Financial Performance - Cinemark reported total revenue of $541 million for Q1 2025, a decrease of 6.6% compared to $579.2 million in Q1 2024[4] - The company experienced a net loss of $(39) million, or $(0.32) per share, compared to a net income of $24.8 million in the same quarter last year[5] - Adjusted EBITDA for the quarter was $36 million, with an Adjusted EBITDA margin of 6.7%[3] - Total revenue for Q1 2025 was $540.7 million, a decrease of 6.6% compared to $579.2 million in Q1 2024[18] - Adjusted EBITDA for Q1 2025 was $36.4 million, down 48.5% from $70.7 million in Q1 2024[20] - The net loss for Q1 2025 was $38.6 million, compared to a net income of $25.3 million in Q1 2024[22] Revenue Breakdown - Admissions revenue decreased by 8.9% to $264.1 million, while concession revenue fell by 6.2% to $210.4 million[4] - Admissions revenue decreased to $264.1 million in Q1 2025 from $289.8 million in Q1 2024, representing an 8.9% decline[18] - Film rentals and advertising costs were $141.4 million in Q1 2025, down from $154.3 million in Q1 2024, a decrease of 8.3%[18] - The average ticket price was $7.22, and concession revenue per patron reached $5.75[4] - Average ticket price increased to $7.22 in Q1 2025 from $7.30 in Q1 2024, indicating a slight decrease of 1.1%[18] - Concession revenue per patron rose to $5.75 in Q1 2025, up from $5.65 in Q1 2024, marking a 1.8% increase[20] Attendance and Market Share - Cinemark entertained 37 million moviegoers globally, surpassing North American industry recovery by 160 basis points year-over-year[3] - Attendance dropped to 36.6 million in Q1 2025, compared to 39.7 million in Q1 2024, reflecting a decrease of 7.8%[18] - The company maintained market share growth exceeding 100 basis points in the U.S. and Latin America compared to pre-pandemic levels[3] Capital and Future Outlook - Capital expenditures totaled $22.1 million in Q1 2025, a decrease from $23.5 million in Q1 2024, reflecting a decline of 6.0%[20] - The company paid its first dividend since the pandemic and executed $200 million in share repurchases, reducing outstanding shares by approximately 6.5%[2] - Future outlook remains positive with expectations of a favorable rebound in the industry and strong consumer enthusiasm for theatrical releases[2] Interest Expense - The company reported a significant increase in interest expense to $38.5 million in Q1 2025 from $37.7 million in Q1 2024[22]