Cinemark Holdings, Inc. Reports All-time High Total Revenues, Net Income, Adjusted EBITDA and Earnings Per Share Across Global Circuit For the Second Quarter Of 2019

(August 2, 2019) – Cinemark Holdings, Inc. (NYSE: CNK), one of the largest motion picture exhibitors in the world, today reported results for the three and six months ended June 30, 2019.

Cinemark Holdings, Inc.’s total revenues for the three months ended June 30, 2019 increased 7.7% to a record $957.8 million from $889.0 million for the three months ended June 30, 2018. For the three months ended June 30, 2019, admissions revenues increased 2.4% to $521.1 million and concession revenues increased 13.1% to $345.3 million. For the three months ended June 30, 2019, attendance increased 5.0% to 80.2 million patrons, average ticket price was $6.50 and concession revenues per patron increased 7.7% to $4.31.

Net income attributable to Cinemark Holdings, Inc. for the three months ended June 30, 2019 was a record $101.0 million compared to $82.1 million for the three months ended June 30, 2018. Diluted earnings per share for the three months ended June 30, 2019 was a record $0.86 compared to $0.70 for three months ended June 30, 2018.

Adjusted EBITDA for the three months ended June 30, 2019 increased 10.4% to a record $244.7 million from $221.6 million for three months ended June 30, 2018. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release and at investors.cinemark.com.

“We are extremely pleased with our worldwide second quarter results that were generated by our domestic box office, which surpassed the North American industry in excess of 300 basis points, a significant rebound in international attendance and continued strength in our global food and beverage sales,” stated Mark Zoradi, Cinemark’s Chief Executive Officer. “As we look forward, we will continue to execute our strategic initiatives to ensure we are well-positioned to capitalize on the strength of film content and the investments we have made to enhance the overall guest experience.”

Cinemark Holdings, Inc.’s total revenues for the six months ended June 30, 2019 were $1,672.5 million compared to $1,669.0 million for the six months ended June 30, 2018. For the six months ended June 30, 2019, admissions revenues were $916.6 million and concession revenues increased 5.2% to $596.6 million. For the six months ended June 30, 2019, attendance was 142.5 million patrons, average ticket price was $6.43 and concession revenues per patron increased 7.2% to $4.19.

Net income attributable to Cinemark Holdings, Inc. for the six months ended June 30, 2019 was $133.7 million compared to $144.2 million for the six months ended June 30, 2018. Diluted earnings per share for the six months ended June 30, 2019 was $1.14 compared to $1.23 for the six months ended June 30, 2018.

Adjusted EBITDA for the six months ended June 30, 2019 was $397.0 million compared to $415.0 million for the six months ended June 30, 2018. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release and at investors.cinemark.com.

As of June 30, 2019, the Company’s aggregate screen count was 6,086 and the Company had commitments to open eight new theatres and 73 screens during the remainder of 2019 and 17 new theatres and 162 screens subsequent to 2019.

About Cinemark Holdings, Inc.
Cinemark is a leading domestic and international motion picture exhibitor, operating 549 theatres with 6,086 screens in 41 U.S. states, Brazil, Argentina and 13 other Latin American countries as of June 30, 2019. For more information go to investors.cinemark.com.

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