![]() “We have high confidence in the ongoing recovery of content and box office as delays caused by COVID fully subside, and studios derive increasing promotional and financial value from theatrical.” “While August and September were challenged by a dip in content availability, we are pleased by year-over-year improvements in product flow throughout 2022,” Cinemark President & CEO Sean Gamble said in a press release. That’s about 59% less than last year’s YTD net loss of ($428.5M).Īcross the entire industry, the overall Q3 box office was low, with a strong July but an unusually weak August and September. Also for the year to date, the company has posted a net loss of ($171.9M).That’s up 2.2x over its $843.8M year-to-date earnings last year. For the year to date, Cinemark has earned $1.85B.Cinemark cited quarterly numbers of $324.6M in admissions revenue and $253.6M in concession revenue, with concession revenue per patron at $5.24. ![]() That’s about 68% less than the third-quarter net loss last year, at ($77.8M). The company’s net loss for the quarter was ($24.5M).However, it’s down about -12% from the $744M in the second quarter this year. That’s up +50% over third-quarter earnings last year, at $434.8M. Cinemark recently revealed its third-quarter earnings on an investor call: $650.4M.
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