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Cinemark has been upgraded to buy, from neutral, with a $30 price target, by Wall Street research firm MoffettNathanson as new Dune, Spider-Man and Avengers franchise releases are headed to the multiplex in 2026. “The upcoming year is stronger on most dimensions. That greater strength is borne out by strong early returns for marketing/trailer views, a valuable leading indicator,”…
Exhibition giant Cinemark posted strong second quarter revenue and earnings gains on the strength of its summer box office on Friday. Overall revenue rose 28 percent year-over-year to $941 million, as admissions revenue jumped 27.7 percent to $467.1 million and concession revenue rose 29 percent to $377.7 million. Cinemark posted its biggest domestic Memorial Day…
Exhibition giant Cinemark reported revenue of $541 million, down 7 percent year-over-year from $579 million, for the first quarter of 2025 and swung to a quarterly loss of $39 million, compared to a year-earlier profit of $25 million. But the company touted: “North American industry box office momentum accelerated in April, nearly doubling year-over-year, leading into a…
Sean Gamble, CEO of major theater chain Cinemark, earned $9.8 million in overall pay in 2024, the company said in a securities filing on Wednesday. His compensation package came as Cinemark, the third-largest theater circuit in the U.S. behind AMC Theatres and Regal Entertainment Group, continues to recover at the box office coming out of the pandemic….
Exhibition giant Cinemark reported record fourth-quarter revenue of $814 million, up 27 percent year-over-year and 3 percent above the pre-COVID pandemic fourth quarter of 2024. The company swung to a fourth-quarter profit of $51.3 million, compared to a year-earlier loss of $18.0 million. The company posted quarterly adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), another profitability…
Lionsgate, Warner Bros. Discovery and Paramount Global were among the hit Hollywood stocks of the first quarter of 2023, shaking off investor concerns about such industry challenges as record cord-cutting, getting streaming businesses to profitability and economic clouds darkening the advertising outlook, as well as recent stock market volatility due to the collapse of banks….
Cinemark Swings to Fourth-Quarter Loss as Revenue Dips Even with Avatar: The Way of Water on its screens, cinema giant Cinemark Holdings reported a swing to a loss in the fourth quarter amid falling revenue. As admissions and concessions sales came up short of last year’s performance, Cinemark saw overall revenue fall to $599.7 million for the…
Cinemark Founder Lee Roy Mitchell to Retire from Board Cinemark founder Lee Roy Mitchell is stepping down from the exhibition giant’s board of directors after a near 40-year career. He and his wife, Tandy, launched Cinemark in 1984, when he first took a seat in the boardroom. Mitchell served as CEO until 2006, and moved…
Movie Theater Stocks Surge Amid Report Amazon Plans $1B Theatrical Push Cinemas stocks got a boost Wednesday after a report that online retailer Amazon plans to spend $1 billion a year on theatrical film releases. Bloomberg, citing unnamed sources, reported Amazon plans to release 12 to 15 movies in theaters, with the push into the…
“#Masks at Theaters Like AMC and Regal Are No Longer Required – /Film” AMC, Regal, and Cinemark, the three largest movie theater chains in the United States, announced today that guests will no longer be required to wear masks at their locations, provided that those guests have received both doses of the COVID-19 vaccine. Masks…