Cinemark Q3 Revenue Dips But Stock Pops As Chain Boosts Dividend, CEO Sees Strong Finish To 2025

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 ...