Welcome to our dedicated page for Cinemark Holdings news (Ticker: CNK), a resource for investors and traders seeking the latest updates and insights on Cinemark Holdings stock.
Cinemark Holdings, Inc. (NYSE: CNK), headquartered in Plano, Texas, is a leading player in the motion picture exhibition industry. With an impressive portfolio of 518 theatres and 5,847 screens across the United States and Latin America, Cinemark has established itself as a dominant force in the entertainment sector. As of recent data, the company operates the third-largest theatre circuit in the U.S., boasting 334 theatres and 4,489 screens across 41 states. In terms of box office revenues, Cinemark consistently ranks within the top two in 23 out of its top 30 U.S. markets.
Cinemark's strategic expansion into Latin America further highlights its geographical diversity, with 173 theatres and 1,257 screens spread across 14 countries. The company also extends its cinematic experience to audiences in Taiwan, solidifying its global presence.
The company's business model revolves around generating revenue from box office receipts and concession sales, with additional income streams from screen advertising, screen rentals, and other services such as transactional fees, vendor marketing promotions, studio trailer placements, meeting rentals, and electronic video games in select theatres. This diversified revenue model ensures a steady stream of income, even amidst the fluctuating dynamics of the entertainment industry.
Recent achievements and partnerships underscore Cinemark's commitment to innovation and customer satisfaction. Notably, Cinemark is part of a joint venture with AMC Entertainment Inc. and Regal, forming Fathom Events, which distributes alternative content and experiences to cinema audiences across North America and beyond.
Fathom Events announces record-breaking performance in 2024 with gross revenues exceeding $145 million, marking a 45% increase from 2023's $100 million. The company will rebrand as Fathom Entertainment in January 2025. Notable successes include special engagements like Coraline's 15th-anniversary release ($34M+), The Chosen Season 4 ($32M+), and The Blind ($17M+).
Co-owned by AMC Theatres, Cinemark, and Regal Cinemas, Fathom operates in 45 countries with over 1,100 locations. The company's growth strategy focuses on longer release windows and special engagements, capitalizing on post-COVID theatrical market changes and audience demand for specialty content.
Cinemark Holdings (NYSE: CNK) achieved multiple all-time domestic records during the Thanksgiving holiday period, marking its biggest Thanksgiving domestic box office ever. The success was driven by strong performances from movies including Moana 2, Wicked, Gladiator II, and Red One. The company set records for best Thanksgiving five-day box office, highest Thanksgiving Day box office, and most single-day attendees post-pandemic. Additionally, Cinemark achieved record-breaking premium format upgrades and food and beverage sales, leading to its second-best November domestic box office performance in its 40-year history.
Cinemark Holdings (NYSE: CNK), a major global motion picture exhibitor, has announced its participation in the Wells Fargo 8th Annual TMT Summit in Rancho Palos Verdes, CA on Tuesday, December 3. The company will be represented by CFO Melissa Thomas and SVP Investor Relations Chanda Brashears, who will engage in one-on-one investor meetings and participate in a fireside chat scheduled for 11:00 am PT. The event will be accessible via webcast.
National CineMedia (NCMI) reported Q3 2024 revenue of $62.4 million, a 10.3% decrease from $69.6 million in Q3 2023. Operating loss improved to $7.5 million from $150.7 million year-over-year. Adjusted OIBDA decreased to $8.8 million from $11.3 million. The company's scatter revenue grew 35% year-over-year, with premium Platinum offering more than doubling. For Q4 2024, NCM expects revenue between $82.0-86.0 million and Adjusted OIBDA of $28.0-30.0 million.
Cinemark Holdings (NYSE: CNK) announces the return of its Holiday Movie Clubhouse program, offering holiday films at $5 per ticket from Nov. 30 through Dec. 18. The program, sponsored by DreamWorks Animation's upcoming 'Dog Man', includes classics like Elf and The Polar Express. Special concession discounts include $1 off kids' snack packs and popcorn-drink combos.
The company is also offering holiday promotions including 20% off Movie Club annual memberships in November and various gift card deals through December. Customers spending $50+ on gift cards receive a $10 bonus card through Dec. 31, with additional special offers during Black Friday, Cyber Monday, and the holiday season.
Cinemark Holdings (CNK) reported strong Q3 2024 results with record-high third quarter revenue of $922 million, up 5% year-over-year. The company achieved net income of $189 million and record-high third quarter Adjusted EBITDA of $221 million with a 23.9% margin. Key highlights include entertaining 60 million moviegoers, achieving all-time-high food and beverage per caps of $7.97 in the U.S., and maintaining significant market share gains versus pre-pandemic levels. The company's domestic box office results outperformed the North American industry recovery by over 600 basis points year-over-year. Cinemark ended the quarter with a strong cash balance of $928 million.
National CineMedia (NASDAQ: NCMI), the operator of the largest cinema advertising platform in the U.S., announced it will release its third quarter 2024 earnings results after market close on November 5, 2024. The company will host a conference call and audio webcast at 5:00 p.m. Eastern Time. The call will be accessible via phone at (844) 481-2522 for domestic and (412) 317-0550 for international participants. A replay will be available until November 19, 2024, and can be accessed through the company's website or by phone.
Cinemark Holdings, Inc. (NYSE: CNK), a major player in the theatrical exhibition industry, has announced its plans to release third quarter 2024 financial results. The company will report its operating results pre-market on Thursday, October 31, 2024, followed by a webcast and conference call at 8:30 a.m. Eastern Time to discuss the outcomes.
Interested parties can access the live webcast 5-10 minutes before the call starts at the provided link. A replay of the call will be available on Cinemark's Investor Relations website for a time. The company also encourages stakeholders to subscribe to email alerts for automatic updates on financial news.
LAIKA's Coraline is set for a special Halloween engagement starting October 31st, following its successful summer re-release that grossed over $53M globally. The film will be shown in remastered 3D and 2D formats in partnership with Fathom in the US and Trafalgar Releasing internationally.
The re-release has broken several records, including:
- Highest lifetime US gross for a stop-motion animated feature
- Highest-grossing re-release in the US in the past decade
- Highest-grossing release in Fathom's 20-year history
- Highest-grossing re-release in the UK and Mexico in recent years
Tickets for the Halloween engagement go on sale October 4th. The screenings will include an early glimpse of LAIKA's upcoming film, Wildwood.
Adyen, the global financial technology platform, has been chosen by Cinemark to power enterprise payments across its 300+ U.S. locations. This collaboration aims to streamline payments and enhance experiences for moviegoers. Adyen will handle payments made online through Cinemark's website and mobile app, as well as in-theater purchases at box offices, kiosks, and concessions. The partnership extends to Cinemark's premium amenities and Movie Club subscription program.
Key benefits include:
- Increased payment options for customers
- Unified payment platform across all channels
- Implementation of Network Tokens
- Enrollment in Adyen's RevenueProtect for enhanced risk management
This integration is expected to increase purchasing flexibility and reduce friction in the movie-going experience.
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