Cinemark(US:CNK)2025-11-05 11:40Financial Performance - Cinemark reported total revenue of $858 million for Q3 2025, a decrease of 7.0% compared to $921.8 million in Q3 2024[4] - Net income attributable to Cinemark for Q3 2025 was $49.5 million, down from $187.8 million in Q3 2024, resulting in diluted earnings per share of $0.40 compared to $1.19[5] - Adjusted EBITDA for Q3 2025 was $178 million, with a solid Adjusted EBITDA margin of 20.7%[3] - Cinemark's total revenue for the nine months ended September 30, 2025, increased by 4.6% to $2,338.7 million compared to $2,235.2 million in the same period of 2024[7] - Adjusted EBITDA for the three months ended September 30, 2025, was $177.6 million, down 19.4% from $220.5 million in 2024[23] - Total revenue for the three months ended September 30, 2025, was $857.5 million, a decrease of 6.9% compared to $921.8 million in the same period of 2024[21] Attendance and Revenue Sources - Cinemark entertained over 54 million guests in Q3 2025, achieving record-high domestic market share and significant gains in both the U.S. and Latin America[3] - Admissions revenue for the nine months ended September 30, 2025, increased by 4.0% to $1,160.9 million, while concession revenue increased by 4.6% to $924.8 million[7] - Average ticket price for the three months ended September 30, 2025, was $10.50, an increase of 5.2% compared to $9.98 in 2024[21] - The worldwide average ticket price was $7.93, and concession revenue per patron was $6.21 for Q3 2025[4] - Concession revenue per patron for the nine months ended September 30, 2025, was $6.22, an increase of 5.6% from $5.89 in 2024[23] Debt and Cash Management - The company successfully eliminated all remaining pandemic-related debt, including $460 million in convertible notes, and settled associated warrants[3] - Cinemark ended Q3 2025 with a strong cash balance of $461 million and generated $92 million in cash from operating activities[3] Capital Expenditures and Costs - Total capital expenditures for the three months ended September 30, 2025, were $53.4 million, up 24.0% from $43.0 million in 2024[23] - Film rentals and advertising costs for the nine months ended September 30, 2025, were $657.7 million, an increase of 5.4% from $623.9 million in 2024[23] - Salaries and wages for the nine months ended September 30, 2025, were $306.0 million, an increase of 4.9% from $294.1 million in 2024[23] Shareholder Returns - The Board of Directors authorized a new $300 million share repurchase program and increased the quarterly dividend by 12.5% to $0.09 per share[2] Other Revenue - Other revenue for the three months ended September 30, 2025, was $91.1 million, a decrease of 3.2% from $94.1 million in 2024[21] Attendance Trends - Attendance for the three months ended September 30, 2025, was 54.2 million, a decrease of 10.3% compared to 60.4 million in 2024[21]