{"id":556034,"date":"2023-02-24T15:14:25","date_gmt":"2023-02-24T12:14:25","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cinemark-swings-to-fourth-quarter-loss-as-revenue-dips\/"},"modified":"2023-02-24T15:14:25","modified_gmt":"2023-02-24T12:14:25","slug":"cinemark-swings-to-fourth-quarter-loss-as-revenue-dips","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cinemark-swings-to-fourth-quarter-loss-as-revenue-dips\/","title":{"rendered":"#Cinemark Swings to Fourth-Quarter Loss as Revenue Dips"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40761176952\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40761176952\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/cinemark-swings-to-fourth-quarter-loss-as-revenue-dips\/#Cinemark_Swings_to_Fourth-Quarter_Loss_as_Revenue_Dips\" >Cinemark Swings to Fourth-Quarter Loss as Revenue Dips<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Cinemark_Swings_to_Fourth-Quarter_Loss_as_Revenue_Dips\"><\/span>Cinemark Swings to Fourth-Quarter Loss as Revenue Dips<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    <br \/>Even with <em>Avatar: The Way of Water<\/em> on its screens, cinema giant\u00a0Cinemark\u00a0Holdings reported a swing to a loss in the fourth quarter amid falling revenue.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    As admissions and concessions sales came up short of last year\u2019s performance, Cinemark saw overall revenue fall to $599.7 million for the three months ended in December, compared with a year-earlier $666.7 million. The Texas-based exhibitor had 39.2 million patrons come through its cinemas during the latest quarter, down on the 48.1 million customers that came through the turnstiles in the same period of 2021.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The cinema chain posted a fourth-quarter loss of $98.8 million, compared with a year-ago profit of $6.4 million, which had marked the first profitable quarter for Cinemark since the start of the\u00a0coronavirus\u00a0pandemic. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The per-share loss was 82 cents, compared with a year-earlier 5 cents a share profit. Analysts as part of a Zacks Investment Research survey had forecast a loss of 34 cents per share.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    In the fourth quarter, Cinemark recorded a non-cash impairment charge for long-lived assets of $66.6 million, against an impairment charge of $13.3 million in the year-ago quarter.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cThis past year represented another positive step forward for the theatrical exhibition industry\u2019s recovery from the pandemic. Sustained consumer enthusiasm to view <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">movies<\/a> and events in an immersive, larger-than-life, theatrical setting was validated time and again throughout 2022 across all genres, audience segments, and periods of the year,\u201d Sean Gamble, Cinemark\u2019s president and CEO said in a statement Friday.<\/p>\n<\/p><\/div>\n<p><script type=\"text\/plain\" class=\"optanon-category-C0004\">\n!function(f, b, e, v, n, t, s) {\nif (f.fbq) return;\nn = f.fbq = function() {n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);};\nif (!f._fbq) f._fbq = n;\nn.push = n;\nn.loaded = !0;\nn.version = '2.0';\nn.queue = [];\nt = b.createElement(e);\nt.async = !0;\nt.src = v;\ns = b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t, s);\n}(window, document, 'script', 'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '352999048212581');\nfbq('track', 'PageView');\n<\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/social-media\/\" target=\"_blank\" rel=\"noopener\">Social Media category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.hollywoodreporter.com\/business\/business-news\/cinemark-swings-to-fourth-quarter-loss-as-revenue-dips-1235333397\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cinemark Swings to Fourth-Quarter Loss as Revenue Dips Even with Avatar: The Way of Water on its screens, cinema giant\u00a0Cinemark\u00a0Holdings reported a swing to a loss in the fourth quarter amid falling revenue. As admissions and concessions sales came up short of last year\u2019s performance, Cinemark saw overall revenue fall to $599.7 million for the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":556035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2022\/11\/01_Exterior_1-copy.jpg?w=1024","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[6250,134741,124783],"class_list":["post-556034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-mediaa","tag-cinemark","tag-earnings","tag-international"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/556034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=556034"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/556034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/556035"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=556034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=556034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=556034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}