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Cinemark's Q2 Earnings: Revenue And EPS Beat, CEO Highlights Record-Breaking 'Inside Out 2'
Cinemark Holdings Inc (NYSE:CNK) reported a fiscal second-quarter 2024 sales decline of 22.1% year-on-year to $734.2 million, beating the analyst consensus estimate of $691.6 million. EPS of $0.32 beat the analyst consensus estimate of $0.09.
Admissions revenue decreased 23.5% to $365.8 million, and concession revenue declined 21.6% to $292.9 million, driven by a 22.4% decrease in attendance to 50.0 million patrons.
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