NYSE$CNK

Cinemark Holdings Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Cinemark's Q2 2024 performance was marked by strong consumer demand and strategic execution, resulting in solid financial results.

Cinemark reported a total revenue of $734 million and a net income of $47 million for Q2 2024. The company's adjusted EBITDA stood at $142 million, reflecting a 19.4% margin. Cinemark also focused on strengthening its balance sheet through various financial actions.

  • Cinemark entertained 50 million moviegoers across its global footprint.
  • The company's domestic box office results surpassed North American industry recovery.
  • Cinemark sustained market share growth versus FY 2019 in the U.S. and Latin America.
  • A healthy cash balance of $789 million was maintained at quarter-end.

Headline financials

Total Revenue

$734M

Previous: $942M-22.1%
EPS

$0.32

Previous: $0.80-60.0%
Adjusted EBITDA

$142M

Previous: $232M-38.6%
Concession Revenue Per Patron

$5.86

No prior period
Average Ticket Price

$7.32

No prior period
Capital Expenditures

-$23.7M

Previous: -$28.3M+16.3%
Free Cash Flow

$45.8M

Previous: -$147M+131.1%
Net Income

$45.8M

Previous: -$119M+138.5%
Operating Income

-$300K

Previous: -$8.4M+96.4%
Stock-Based Comp

$9.3M

Previous: $6.8M+36.8%

Revenue & EPS history

Cinemark · Revenue · Quarterly

$734M

Q2 2024-22.1%vs Q2 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Cinemark · $535M total across 2 segments · Q3 2023

  • Admissions Revenue
    $444M
  • Other Revenue
    $91.2M

Forward guidance

Cinemark plans to continue pursuing balanced and disciplined investments to position Cinemark for the long-term with approximately $150 million expected to be deployed toward global growth and maintenance in 2024.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+0.7%

Avg return

Earnings day

+1.0%

Avg return

5 days after

-1.0%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+15.1%

Q3 2022

Best reaction

-13.6%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.4%-6.1%-5.2%
Q4 2025+3.5%+2.1%+4.2%
Q3 2025+7.8%+12.5%-17.9%
Q1 2025+1.1%+4.3%+13.0%
Q4 2024-13.6%-18.3%-21.2%
Q3 2024-2.1%-2.6%+13.3%
Q2 2024+10.1%+12.7%+18.6%
Q1 2024+1.7%-0.3%-0.9%
Q4 2023-0.7%-1.5%+10.8%
Q3 2023-9.5%-11.4%-13.3%
Q2 2023+4.3%+1.2%-1.7%
Q1 2023-1.2%+3.3%+1.9%
Q4 2022+6.5%+2.6%+2.5%
Q3 2022+15.1%+10.4%+29.8%
Q2 2022-10.6%-11.3%-29.7%
Q1 2022-7.4%-6.7%+10.7%
Q4 2021-1.2%-1.5%-3.8%
Q3 2021+6.0%+3.9%-24.5%
Q2 2021-2.1%-1.4%+10.9%
Q1 2021+4.9%-0.8%+8.4%
Q4 2020+4.9%+5.9%-9.7%
Q3 2020+5.5%+58.8%+69.2%
Q2 2020-3.0%-6.7%+33.6%
Q1 2020+4.8%+23.3%-23.1%
Q4 2019-12.2%-22.0%-65.0%
Q3 2019-1.5%-1.3%-7.1%
Q2 2019+0.6%-2.2%-3.0%
Q1 2019-3.2%-3.7%-11.5%
Q4 2018+2.7%+2.7%+8.0%
Q3 2018-0.5%-1.5%-9.0%
Q2 2018-0.6%+2.3%+5.5%
Q1 2018-4.6%-6.3%-11.8%
Q4 2017+9.0%+7.2%-3.8%
Q3 2017-2.2%-4.5%+1.9%
Q2 2017-1.5%-1.8%-11.8%
Q1 2017-0.5%+0.2%-5.2%
Q4 2016-2.6%-3.5%-0.3%
Q3 2016-1.3%+0.3%-2.5%
Q2 2016-1.9%-0.2%+1.7%
Q1 2016+1.9%
Q4 2015+2.8%
Q3 2015+4.0%
Q2 2015+0.9%
Q1 2015-2.4%
Q4 2014+7.8%
Q3 2014+1.3%
Q2 2014+3.6%
Q1 2014-2.0%
Q4 2013-2.0%
Q3 2013-2.2%
Q2 2013+4.6%
Q1 2013-1.2%
Q4 2012-4.9%
Q3 2012+4.6%
Q2 2012+1.3%
Q4 2011+4.2%
Q1 2012+2.4%
Q4 2009-1.0%
Q3 2011-1.2%
Q3 2010-1.2%
Q2 2011-0.3%
Q1 2011+6.4%
Q1 2010+6.4%
Q2 2010+6.4%
Q4 2010+6.4%

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