More
    HomeCelebsCinemark Sees Q2 Revenue, Earnings Jump on Strong Summer Box Office

    Cinemark Sees Q2 Revenue, Earnings Jump on Strong Summer Box Office

    Published on

    spot_img


    Exhibition giant Cinemark posted strong second quarter revenue and earnings gains on the strength of its summer box office on Friday.

    Overall revenue rose 28 percent year-over-year to $941 million, as admissions revenue jumped 27.7 percent to $467.1 million and concession revenue rose 29 percent to $377.7 million. Cinemark posted its biggest domestic Memorial Day weekend ever as tentpoles like Lilo & Stich and Tom Cruise‘s Mission: Impossible – The Final Reckoning played at its multiplexes.

    Cinemark also pointed to a nearly 16 percent increase in attendance to 57.9 million patrons during the three months to June 30, 2025.

    Related Stories

    “The second quarter once again showcased the strength and resilience of theatrical exhibition as a surge in summer moviegoing momentum reflected the enduring consumer appeal for larger-than-life cinematic experiences,” Sean Gamble, Cinemark’s president and CEO said in a statement that accompanied his latest financial results.

    The second quarter financial results came as Cinemark, the third-largest theater circuit in the U.S. behind AMC Theatres and Regal Entertainment Group, continues to recover at the box office coming out of the pandemic and possibly return to pre-COVID levels of releases. Getting there will be helped by new players like Amazon MGM Studios, as well as independent studios like A24 and Neon, adding more to the overall Hollywood movie pipeline.

    Gamble reiterated his confidence in the exhibition sector going forward in the face of competition from streaming platforms. “As we look ahead, we remain highly encouraged about the trajectory of our industry and believe Cinemark is exceptionally well-positioned to continue thriving in the years to come,” he added.



    Source link

    Latest articles

    Nuclear submarine standoff: Trump & Medvedev trade threats

    President Donald Trump ordered two US nuclear submarines near Russia after ex-president Dmitry...

    US man says family feels isolated in Ahmedabad. Reddit users share ways to connect

    An American man currently living in Ahmedabad opened up about his experience of...

    Captain Dhruv Rebbapragada rejoins IndiGo as head of flight safety | India News – Times of India

    Dhruv Rebbapragada (File Photo) NEW DELHI: Captain Dhruv Rebbapragada has rejoined...

    More like this

    Nuclear submarine standoff: Trump & Medvedev trade threats

    President Donald Trump ordered two US nuclear submarines near Russia after ex-president Dmitry...

    US man says family feels isolated in Ahmedabad. Reddit users share ways to connect

    An American man currently living in Ahmedabad opened up about his experience of...