Cinemark Holdings (CNK) Misses Q2 EPS by 6c, Revenues Miss
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Cinemark Holdings, Inc. Reports Record Revenues, Net Income, Adjusted EBITDA and EPS for the Second Quarter of 2018
August 8, 2018 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 and six months ended June 30, 2018.
Cinemark Holdings, Inc.s total revenues for the three months ended June 30, 2018 increased 18.3% to $889.0 million compared to $751.2 million for the three months ended June 30, 2017. For the three months ended June 30, 2018, admissions revenues increased 13.1% to $508.9 million and concession revenues increased 16.4% to $305.3 million. For the three months ended June 30, 2018, attendance increased 10.1% to 76.4 million patrons, average ticket price increased 2.8% to $6.66 and concession revenues per patron increased 5.8% to $4.00.
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