Cinemark Q2 revenue rises to record high, helped by market share gains
CNK•Overview
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US movie theater operator's Q2 revenue rose 15.5% yr/yr to record high
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Q2 net income nearly doubled yr/yr
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Company cites strong box office and operational improvements for record results
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FILM SLATE - Co said a diverse and popular slate of films meaningfully connected with audiences, driving attendance
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MARKET SHARE GAINS - Co reported sustained market share gains in both the U.S. and Latin America, outpacing industry growth benchmarks
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BUSINESS OPTIMIZATION - Co cited enhanced consumer offerings and operational improvements as contributing to record results
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Net Income | $141 mln | ||
| Q2 Adjusted EBITDA | $294 mln |
Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
