Cinemark Hldgs Inc Stock Price, News & Analysis

Cinemark Holdings has announced that its Movie Club program has surpassed 1 million active members, achieving over 3,000 members per theatre across its U.S. circuit. Launched in December 2017, this subscription service provides members with exclusive benefits like ticket rollovers, concession discounts, and special promotions. To celebrate this milestone, Cinemark is hosting a 1-million-point giveaway for members. The program reinforces guest satisfaction with scores exceeding 90% and has seen members purchase over 80 million tickets and 23 million orders of popcorn since its inception.

National CineMedia (NCMI) has launched The Noovie Trivia Show in partnership with Paramount+, aligning with the release of Top Gun: Maverick. The show, hosted by Maria Menounos, features celebrity trivia with opportunities for brand sponsorship and custom content aimed at engaging a young audience. NCM, which reaches over 600 million moviegoers annually through a vast network of theaters, offers a unique platform for brands to connect with the coveted 18-34 demographic. The Noovie Trivia app will also introduce a ‘Weekly Prize Contest’ for top players.

Cinemark Holdings (NYSE: CNK) announces a leadership transition as Carlos Sepulveda, previously Lead Director, succeeds Lee Roy Mitchell as Chairman effective May 19, 2022. Mitchell, who served for 26 years, remains a Board member, focusing on strategic opportunities. Sepulveda has been with Cinemark since 2007 and has significant executive experience, including as Chairman of Triumph Bancorp (NASDAQ: TBK). This transition aims to strengthen the Board's leadership and ensure ongoing success in the evolving entertainment landscape.

National CineMedia (NCMI) is set to participate in the 50th Annual JP Morgan Global Technology, Media and Communications Conference from May 23-25, 2022, in Boston. CEO Tom Lesinski and CFO Ronnie Ng will host a fireside chat on May 25 at 10:40 AM EDT and conduct one-on-one meetings with investors. As the largest cinema advertising network in the U.S., NCM connects brands with diverse audiences through its Noovie pre-show across prominent theater chains like AMC and Cinemark. More details and live audio webcasts will be available at www.ncm.com.

Cinemark Holdings, Inc. (NYSE: CNK) has announced its participation in two upcoming investor conferences. The first is the MoffettNathanson 9th Annual Media & Communications Summit on May 18, featuring a fireside chat at 10:00 AM EST with CEO Sean Gamble and CFO Melissa Thomas. The second is the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference in Boston on May 24, starting at 9:30 AM EST with similar speakers. Cinemark operates 520 theatres and offers a premium movie experience.

National CineMedia (NCM) has partnered with Place Exchange to launch a programmatic offering for its Lobby Entertainment Network, enhancing access to advertising on over 20,600 screens in 1,600 theaters nationwide. This programmatic move allows advertisers to reach a young, diverse audience of over 600 million annual moviegoers, emphasizing targeting efficiency and data utilization. With a notable recovery in theater attendance post-pandemic, NCM aims to tap into increased cinema-related spending, particularly among Gen Z and Young Millennials.

National CineMedia (NCMI) reported a substantial revenue increase of 564.8% in Q1 2022, totaling $35.9 million, compared to $5.4 million in Q1 2021. Although the operating loss improved to $22.5 million, net loss increased to $25.2 million, or $0.31 per diluted share. The company attributed this growth to heightened advertising demand following recent box office successes. Looking ahead, NCMI anticipates Q2 2022 revenue between $63.0 million and $70.0 million, with an Adjusted OIBDA of $12.5 million to $18.5 million.

Cinemark Holdings, Inc. (NYSE: CNK) reported substantial recovery in the first quarter of 2022, with total revenues of $460.5 million, up 303% from $114.4 million in Q1 2021. Admissions and concessions revenues reached $235.8 million and $173.0 million, respectively, driven by 33.1 million patrons. Although the company faced a net loss of $(74.0) million, it represented an improvement from a loss of $(208.3) million in the same quarter the previous year. Adjusted EBITDA was $25.2 million, a significant turnaround from $(92.0) million in 2021, highlighting strong box office performance and effective cost management.

Kirk Cameron Presents: The Homeschool Awakening is a new documentary debuting in theaters on June 13 and 14, 2022, highlighting the importance of parental control in education. The film showcases various American families' homeschooling journeys, emphasizing the shift towards home education driven by parents' concerns over public schooling. Directed by Kirk Cameron, the documentary aims to inspire families to reclaim educational values. Tickets can be purchased via Fathom Events, targeting a growing audience interested in alternative education methods.