Cinemark Posts Record Fourth-Quarter Revenue, Swings to Profit and Reinstates Dividend

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Cinemark, a significant player in the exhibition industry, announced exceptional revenue for its fourth quarter at $814 million, marking a 27% increase compared to the same period last year and even surpassing the earnings from the pre-COVID pandemic period of Q4 2024 by 3%. In contrast to a loss of $18.0 million in the fourth quarter of the previous year, the company reported a profit of $51.3 million this time around.

On Wednesday, the firm reported a quarterly EBITDA – an additional measure of profitability – amounting to $156.9 million, which is significantly higher than the $79.6 million recorded during the same time last year.

In the final quarter, some highly anticipated movies hit the screens such as “Wicked”, featuring Ariana Grande and Cynthia Erivo, “Moana 2”, a sequel, “Gladiator II”, and “Venom: The Final Battle”.

Or, for a more casual tone:

The last three months of the year saw some cool flicks like “Wicked” starring Ariana Grande and Cynthia Erivo, “Moana 2”, a sequel I’m excited about, “Gladiator II”, and “Venom: The Last Dance”.

Or, for a more formal tone:

In the fourth quarter, the following theatrical releases were scheduled: “Wicked” starring Ariana Grande and Cynthia Erivo, the sequel to “Moana”, “Gladiator II”, and “Venom: The Last Dance”.

2024 saw movie theaters’ enduring charm as a venue for shared, cinematic experiences prove itself yet again. The North American box office raked in an impressive $8.8 billion, smashing expectations and setting numerous new records, according to CEO Sean Gamble. Cinemark, in particular, enjoyed exceptional returns at the box office, thanks to meticulous operational management and the ongoing success of our strategic initiatives. With our strong financial standing and a bright future ahead, we are delighted to restore our annual cash dividend to 32 cents per share. This move marks another significant step in our post-pandemic recovery and underscores our dedication to generating long-term value for all shareholders.

From October through December 31st, Cinemark reported a 26.1% rise in ticket sales revenue to reach $406.5 million, and a 29.0% surge in concession sales revenue to hit $313.4 million. Additionally, they highlighted a record-breaking average food and beverage sales per customer of $5.96 for the entire year of 2024.

On a global scale, the typical movie ticket cost was approximately $7.97, while each patron contributed around $6.15 in concession sales. However, domestically, the average ticket price climbed to about $10.39 in the recent quarter – a slight increase from $10.21 during the same timeframe last year.

As a movie enthusiast, I’m thrilled to share that during the last quarter alone, Cinemark welcomed an impressive 32.6 million visitors in the U.S., marking a significant increase compared to the same period the previous year (26.2 million). On a global scale, the theater chain saw an even more remarkable growth, with attendance rising from 40.6 million to a whopping 51.0 million!

Headquartered in Plano, Texas, Cinemark manages around 500 cinemas worldwide, with over 300 of these located within the United States. These theaters boast a total of nearly 4,300 screens. Additionally, the company operates 193 cinemas and approximately 1,400 screens across 13 countries in South and Central America.

Or,

Cinemark, based out of Plano, Texas, oversees roughly 500 movie theaters globally. Over a third of these (more than 300) are situated within the U.S., providing access to nearly 4,300 screens. Furthermore, Cinemark manages 193 theaters and close to 1,400 screens in 13 countries spanning South and Central America.

About a year ago, Gamble foresaw potential deals emerging in the near future. “I believe that within the next one to two years, we might see more appealing opportunities in the U.S.,” he stated previously.

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2025-02-19 14:54