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Cinemark Reports Mixed Q4 Results, Restores Shareholder Dividend In Post-Covid Milestone
CinemarkCinemark(US:CNK) Deadline·2025-02-19 12:26

Core Insights - Cinemark reported mixed fourth-quarter results, missing earnings per share forecasts but exceeding revenue expectations [1] - The company experienced a 28% year-over-year revenue increase, reaching $814.3 million, while earnings improved to 33 cents per share from a loss of 15 cents a year ago [1] - Despite strong box office performance for family movies, total revenue for the year was $8.8 billion, still below pre-pandemic levels due to the impact of strikes and declining attendance [2] Financial Performance - For the full year, Cinemark's revenue was $3.0495 billion, with admissions revenue falling 2% to $1.5 billion and attendance decreasing by 4 million to 201.1 million ticket buyers [5] - The company is reinstating its annual cash dividend at $0.32 per share, marking a significant milestone in its recovery from the pandemic [3][4] Market Trends - The fourth quarter saw strong box office results driven by family films such as Moana 2, Wicked, Mufasa, and Sonic 3, indicating a potential recovery in consumer interest in theatrical releases [2]