NYSE$CNK
Cinemark Holdings Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Cinemark reported a revenue increase driven by higher admissions and concession revenue, despite a net loss for the quarter.
Cinemark Holdings, Inc. reported a 6.5% increase in total revenue for the fourth quarter of 2023, reaching $638.9 million. Admissions revenue increased by 5.8% to $322.4 million, and concession revenue increased by 7.7% to $243.0 million. The company entertained 40.6 million patrons during the quarter. However, Cinemark reported a net loss of $(18.0) million, or $(0.15) per share.
- Total revenue increased by 6.5% to $638.9 million compared to the same period last year.
- Admissions revenue grew by 5.8% to $322.4 million, driven by a 3.6% increase in attendance.
- Concession revenue increased by 7.7% to $243.0 million, with concession revenue per patron at $5.99.
- Net loss attributable to Cinemark Holdings, Inc. was $(18.0) million, or $(0.15) per share.
Headline financials
Revenue & EPS history
Cinemark · Revenue · Quarterly
$639M
Revenue by segment
Cinemark · $535M total across 2 segments · Q3 2023
- Admissions Revenue$444M—83.0%
- Other Revenue$91.2M—17.0%
Forward guidance
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on information currently available as well as management’s assumptions and beliefs today. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from the results expressed or implied by the statements, and investors should not place undue reliance on them.
Tailwinds
- future revenues, expenses and profitability
- the future development and expected growth of our business
- projected capital expenditures
- access to capital resources
- national and international growth in our industry
Headwinds
- currency exchange rate and inflationary impacts
- attendance at movies generally or in any of the markets in which we operate
- the number and diversity of popular movies released, the length of exclusive theatrical release windows, and our ability to successfully license and exhibit popular films
- competition from other exhibitors, alternative forms of entertainment and content delivery via streaming and other formats
- determinations in lawsuits in which we are a party
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 Q4 2023
+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
| Quarter | Report date | Reaction (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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