Cinemark Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 04:16 pm IST
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Cinemark Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 874.8 million compared to USD 650.4 million a year ago. Net income was USD 90.2 million compared to net loss of USD 24.5 million a year ago. Basic earnings per share from continuing operations was USD 0.74 compared to basic loss per share from continuing operations of USD 0.2 a year ago. Diluted earnings per share from continuing operations was USD 0.61 compared to diluted loss per share from continuing operations of USD 0.2 a year ago.
For the nine months, revenue was USD 2,427.8 million compared to USD 1,855 million a year ago. Net income was USD 206.2 million compared to net loss of USD 171.9 million a year ago. Basic earnings per share from continuing operations was USD 1.7 compared to basic loss per share from continuing operations of USD 1.43 a year ago. Diluted earnings per share from continuing operations was USD 1.43 compared to diluted loss per share from continuing operations of USD 1.43 a year ago.
Cinemark Holdings, Inc., is engaged in the motion picture exhibition business. The Company operates through two segments: United States markets and international markets. It operates 501 theatres and 5,719 screens in the United States, and Latin America. The Companyâs United States circuit operated 309 theatres and 4,324 screens and its Latin America circuit operated 192 theatres and 1,395 screens across 13 countries. It also plays mainstream films from many different genres, such as animated films, family films, dramas, comedies, horror, and action films. The Company offers various alternative entertainment content for its guests, which includes concert, sporting, and gaming events, as well as art, independent, faith-based, and multicultural foreign language films. In addition, it provides the functionality and technological infrastructure to live-stream events via satellite network across its portfolio of theatres in the United States and Latin America.
CINEMARK HOLDINGS, INC. 
