Cinemark Holdings (CNK) Tops Q1 EPS by 4c
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Cinemark Holdings, Inc. Reports Record Q1 Results, Including a 19.6% Increase in Adjusted EBITDA to $184.6 Million
May 10, 2016 6:30 AM EDTPLANO, Texas--(BUSINESS WIRE)-- Cinemark Holdings, Inc. (NYSE: CNK), one of the largest motion picture exhibitors in the world, today reported results for the three months ended March 31, 2016.
Cinemark Holdings, Inc.s revenues for the three months ended March 31, 2016 increased 9.2% to $704.9 million from $645.4 million for the three months ended March 31, 2015. Admissions revenues increased 8.8% and concession revenues increased 10.9%. For the three months ended March 31, 2016, attendance increased 10.7%, the average ticket price was $6.01 and concession revenues per patron was $3.28.
Adjusted EBITDA for the three months ended March 31, 2016 increased 19.6% to $184.6 million compared to $154.4 million for the three months... More
