Are Cinema's Finally Bouncing Back? Cinemark's Q1 Profit Paints A Bright Picture
Cinemark Holdings Inc (NYSE:CNK) reported a fiscal first-quarter 2024 sales decline of 5.2% year-on-year to $579.20 million, beating the analyst consensus of $560.38 million. EPS of $0.19 beat the analyst consensus loss of $(0.20). Admissions revenue decreased 6.8% to $289.8 million, and concession revenue declined 4.9% to $224.2 million, driven by a 7.5% decrease in attendance to 39.7 million patrons. Also Read: Netflix's 2024 Gains Are Cinema's Loss: AMC Shares Slump Despite Box Offi...
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Source: yahoo.com