Cinemark Holdings Q1 2024 sales of $579.2m declined 5.2% YoY but exceeded analyst estimates, amid a 7.5% decrease in attendance to 39.
Cinemark Holdings Inc reported Q1 2024 sales of $579.20M, a 5.2% YoY decline but surpassing analyst estimates. Admissions revenue decreased 6.8% to $289.8M and concession revenue declined 4.9% to $224.2M due to a 7.5% decrease in attendance to 39.7 million patrons. Cinemark's stock has gained 4% in the last 12 months, and the company plans to open three new theaters and 33 screens over the next two years.
May 02, 2024
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