Cinemark Holdings (CNK) Company Report

Cinemark's CFO is optimistic about the industry, citing strong consumer enthusiasm and a robust film slate for 2025 and 2026, with expectations for continued growth in film volume approaching pre-pandemic averages of 130 titles. Studios like Paramount and Amazon are increasing their annual wide release schedules.
The company expects to moderately grow average ticket prices for Q4 2025 and FY 2025 through strategic pricing and premium format mix. Cinemark is also investing in premium large format (PLF) screens, including adding 80 D-Box auditoriums and 20 ScreenX locations, and plans to increase capital expenditures next year for ROI-generating opportunities.
Cinemark anticipates $30-$35 million annually in cash tax benefits over the next few years from new tax legislation. The company's capital allocation strategy prioritizes balance sheet strength and growth opportunities, followed by returning excess capital to shareholders when net leverage is within the 2-3x target range.

Nov 18, 2025, 9:30 PM

Transcript

Cinemark Discusses Growth Outlook, Capital Allocation, and Market Share at Wells Fargo Summit

CNK

Guidance Update

New Projects/Investments

Share Buyback

Cinemark anticipates continued growth in film volume, with projections for approximately 120 titles in 2025 and nearing 130 titles in 2026, driven by increased studio output and sustained consumer enthusiasm.
The company expects moderate year-over-year growth in average ticket prices (ATP) for Q4 2025 and full-year 2025, and beyond, through strategic pricing and premium format mix. Food and beverage per caps are also expected to see moderate growth for the current year and beyond.
Cinemark's capital allocation strategy prioritizes balance sheet strength and accretive investments, with plans to increase capital expenditures next year beyond the current $225 million for ROI-generating opportunities, including premium amenities and new builds.
New tax legislation is expected to provide $30-$35 million annually in cash tax benefits over the next few years. The company plans to return excess capital to shareholders through a sustainable dividend and a $300 million share buyback program.

Nov 18, 2025, 9:30 PM

Transcript

Cinemark CFO Discusses Industry Trends and Capital Allocation

CNK

Guidance Update

New Projects/Investments

Share Buyback

Cinemark anticipates continued growth in film volume, projecting 120 titles in 2024 and aiming for 130 titles in 2026, approaching pre-pandemic averages.
The company expects moderate growth in average ticket prices and food and beverage per caps for Q4 2025 and FY 2025, driven by strategic pricing and premium format mix.
New tax legislation is expected to benefit Cinemark's cash taxes by $30-$35 million annually over the next few years, primarily from 100% bonus depreciation.
Capital expenditures are projected to increase in 2026 from $225 million in 2025, with a focus on premium amenities and new build pipelines.
Cinemark aims to sustain at least 100 basis points of market share gains achieved post-pandemic, even as film volume increases.

Nov 18, 2025, 9:30 PM

Transcript

Cinemark Reports Strong Q3 2025 Results, Extinguishes COVID-Related Debt, and Announces Share Repurchase Program and Dividend Increase

CNK

Earnings

Share Buyback

Dividends

Cinemark reported strong Q3 2025 financial results, including $858 million in global revenue and $178 million in adjusted EBITDA, resulting in diluted earnings per share of $0.40.
The company achieved a significant milestone by fully extinguishing its remaining COVID-related debt through the settlement of outstanding warrants and repayment of $460 million in convertible notes.
In a move reflecting its robust financial position, Cinemark's board authorized a new $300 million stock repurchase program and increased its quarterly dividend to $0.09 per share.
Operationally, Cinemark outperformed the North American industry box office by nearly 250 basis points and achieved its highest third-quarter domestic market share in company history.

Nov 5, 2025, 1:30 PM

Transcript

Cinemark Reports Q3 2025 Results, Increases Dividend, and Authorizes Share Repurchase

CNK

Earnings

Dividends

Share Buyback

Cinemark reported Q3 2025 total revenue of $858 million and Adjusted EBITDA of $178 million, resulting in a 20.7% Adjusted EBITDA margin. For the year-to-date 3Q25, total revenue increased approximately 5% year-over-year to $2.339 billion, and Adjusted EBITDA rose 3% year-over-year to $446 million.
The company generated $38 million in Free Cash Flow for Q3 2025 and $143 million year-to-date 3Q25.
Cinemark's Board of Directors increased the annual dividend by 12.5% to $0.09 per quarter in Q3 2025 and authorized a $300 million share repurchase program. The company also repaid $460 million in convertible notes on August 15, 2025.
Operationally, Cinemark achieved a record-high third-quarter domestic market share and reported its highest third-quarter domestic food and beverage per cap of $8.20. Movie Club accounted for nearly 30% of domestic 3Q25 box office.

Nov 5, 2025, 1:30 PM

Presentation

Cinemark Holdings, Inc. Reports Third Quarter 2025 Results

CNK

Earnings

Share Buyback

Dividends

Cinemark Holdings, Inc. reported Q3 2025 total revenue of $857.5 million, net income of $49.5 million, and diluted earnings per share of $0.40. Adjusted EBITDA for the quarter was $177.6 million, representing a 20.7% margin.
The company successfully eliminated all remaining pandemic-related debt, including the settlement of $460 million convertible notes and associated warrants.
The Board of Directors authorized a new $300 million share repurchase program and increased the quarterly dividend by 12.5% to $0.09 per share, effective with the next dividend payable on December 12.
Cinemark generated $92 million of cash from operating activities and $38 million of free cash flow in Q3 2025, ending the quarter with a strong cash balance of $461 million.

Nov 5, 2025, 11:40 AM

8-K

Cinemark Expands IMAX Partnership with New Laser and 70mm Systems

CNK

New Projects/Investments

Revenue Acceleration/Inflection

Cinemark Holdings has expanded its partnership with Imax Corporation to install and upgrade 17 Imax with Laser and Imax 70mm film projection systems across the United States and South America.
This strategic investment includes four new Imax with Laser systems, twelve upgrades to Imax with Laser, and three new Imax 70mm film projectors, expected to be operational by July 2026 for Christopher Nolan's "The Odyssey".
The initiative aligns with an industry trend towards Premium Large Format (PLF) screens, aiming to attract audiences with high-quality immersive experiences and drive customer loyalty and frequency.
Cinemark's market capitalization is reported at $3.04 billion, with an interest coverage ratio of 2.41 and an Altman Z-Score of 1.46.

Oct 27, 2025, 12:44 PM

Morningstar

Cinemark and IMAX Announce Agreement for IMAX with Laser and 70mm Film Systems

CNK

New Projects/Investments

Product Launch

Cinemark Holdings and IMAX Corporation have announced an agreement to expand and upgrade IMAX systems across 17 Cinemark locations in the United States and South America.
The agreement includes adding four new IMAX with Laser systems in the U.S. (with one additional location explored in South America) and upgrading twelve existing systems to IMAX with Laser, making the entirety of Cinemark's U.S. IMAX footprint IMAX with Laser.
Cinemark will also activate three additional IMAX 70mm film projection systems in Chicago, Colorado Springs, and Rochester.
These three 70mm film systems are set to be operational before the release of Christopher Nolan’s The Odyssey on July 17, 2026.

Oct 27, 2025, 12:30 PM

Press Release

Cinemark Holdings, Inc. enters into warrant early termination agreements

CNK

Convertible Preferred Issuance

Debt Issuance

Cinemark Holdings, Inc. (CNK) entered into individual Warrant Early Termination Agreements with counterparties on August 15, 2025, to unwind and terminate warrant transactions that were originally entered into on August 18, 2020, and August 20, 2020, in connection with the pricing of its 4.50% Convertible Senior Notes due 2025.
The Company will deliver total consideration consisting of 50% cash and 50% common stock to the counterparties.
The amount of consideration will be determined based on the volume-weighted average price per share of the Company's common stock during a 55 trading day observation period.
This observation period commences on August 18, 2025, and concludes on November 3, 2025.

Aug 18, 2025, 12:00 AM

8-K

Cinemark Holdings Inc. Reports Strong Q2 2025 Results

CNK

Earnings

Debt Issuance

New Projects/Investments

Cinemark Holdings Inc. reported strong Q2 2025 financial results, with revenue increasing 28% year-over-year to $941 million and Adjusted EBITDA growing 63% to $232 million, driven by a compelling film slate, record attendance of 57.9 million patrons, and strategic initiatives.
The company achieved its highest quarterly domestic concession revenue ever at $307.6 million and its highest quarterly domestic admissions revenues since the pandemic.
Cinemark is strengthening its balance sheet by settling $460 million in convertible notes in cash, which, combined with a term loan repricing, is expected to result in a $24 million reduction in annual cash interest expense.
The company ended the quarter with $932 million in cash and a net leverage ratio of 2.2 times, within its target range, and expects full-year 2025 capital expenditures of approximately $225 million.
For the full year 2025, Cinemark anticipates modest growth in average ticket prices and domestic food and beverage per caps, with margins expected to benefit from box office recovery.

Aug 2, 2025, 6:45 AM

Earnings Transcripts

Quarterly earnings call transcripts for Cinemark Holdings.

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