Cinemark Reports Record Q4 Revenue and Restores Dividend

Theater chain posts $814 million in revenue, driven by strong box office performance, marking a significant recovery milestone post-pandemic.

Cinemark achieved record fourth-quarter revenue of $814 million, a 27% increase from Q4 2023 and 3% higher than pre-pandemic levels in 2019.
The company reported a net income of $51.3 million for the quarter, reversing a $18 million loss from the same period last year.
Blockbuster releases like 'Moana 2,' 'Wicked,' and 'Mufasa' contributed significantly to the strong performance, with 'Wicked' becoming the highest-grossing Broadway adaptation in history.
Cinemark reinstated its annual cash dividend at $0.32 per share, a move highlighted as a key recovery milestone by CEO Sean Gamble.
Attendance rose to 51 million globally in Q4, up from 40.6 million the previous year, with domestic ticket sales and concession revenue also seeing significant growth.