Cinemark Posts 28% Q2 Revenue Gain Fueled by Summer Hits
A 12% surge in Movie Club memberships alongside the rollout of 20 new ScreenX auditoriums underscores Cinemark’s strategy to broaden its revenue mix.
Overview
- Cinemark recorded $941 million in second-quarter revenue, a 28% year-over-year increase, and net income more than doubled to $95 million.
- Admissions revenue rose 27.7% to $467.1 million and concession sales climbed 29% to $377.7 million.
- Ticket sales jumped 16% to 58 million, aligning with a North American box office surge to $2.7 billion in Q2.
- Movie Club memberships grew 12% to 1.45 million subscribers, accounting for nearly 30% of domestic box office receipts.
- The chain deepened its partnership with CJ 4DPlex to add 20 new ScreenX auditoriums, extending its premium-format offerings.