Latest news with #SeanGamble
Yahoo
27-05-2025
- Entertainment
- Yahoo
Cinemark Breaks Waves of Moviegoing Records Over Memorial Day Weekend
Vibrant moviegoer enthusiasm led to the biggest domestic Memorial Day Weekend box office of all time, driven by new releases Lilo & Stitch and Mission: Impossible –The Final Reckoning. Cinemark's sensational Memorial Day performance far surpassed the industry's record-breaking results. The company also achieved record food and beverage sales as moviegoers indulged during their holiday outings. PLANO, Texas, May 27, 2025--(BUSINESS WIRE)--Cinemark Holdings, Inc., one of the largest and most influential theatrical exhibition companies in the world, broke waves of all-time moviegoing records over the long Memorial Day holiday weekend across box office and concessions driven by robust consumer enthusiasm around films such as Lilo & Stitch, Mission: Impossible – The Final Reckoning, Final Destination Bloodlines, The Last Rodeo, Sinners, Thunderbolts* and more. Cinemark maximized box office opportunities with the compelling slate and delivered domestic records in multiple categories, including: Highest-grossing four-day Memorial Day Weekend domestic box office of all time; Best domestic Memorial Day weekend film opening ever with Lilo & Stitch; Seventh-highest grossing three-day domestic box office weekend of all time; All-time-high Memorial Day Weekend food and beverage revenue and per cap; Biggest Memorial Day weekend for Cinemark XD, the world's No. 1 exhibitor-branded premium large format; and Best-ever three-day weekend for D-BOX motion seats. Excitement for moviegoing extended beyond the horizon of U.S. theaters, with Lilo & Stitch becoming the third-biggest family film opening of all time for Cinemark's Latin American circuit. "The immersive, cinematic experience was firing on all cylinders over this long Memorial Day weekend as moviegoers sought out theaters for the highly anticipated premieres of Lilo & Stitch and Mission: Impossible – The Final Reckoning, as well as solid performances from carryover films," said Sean Gamble, Cinemark President and CEO. "Cinemark delivered a remarkable over-performance, breaking numerous records across box office and concession revenues. We congratulate our studio partners and commend our incredible Cinemark teams that welcomed moviegoers for shared entertainment experiences that can only be found in theaters. We look forward to celebrating the many exciting releases to come." Coming Soon to the Big Screen The momentum will continue into the heart of summer and beyond, with thrilling releases coming week after week, including Karate Kid: Legends (May 30), Ballerina (June 6), How to Train Your Dragon (June 13), Elio (June 20), F1 The Movie (June 27), Jurassic World Rebirth (July 2), Superman (July 11), The Fantastic Four: First Steps (July 25) and so much more. Later in the year, movie lovers will be able to experience highly anticipated titles such as The Naked Gun (August 1), Freakier Friday (August 8), Tron: Ares (October 10), The Running Man (November 7), Wicked: For Good (November 21), Zootopia 2 (November 26), Five Nights at Freddy's 2 (December 5), and Avatar: Fire and Ash (December 19) to name a few. The Cinemark Experience Cinemark's commitment to delivering a preeminent out-of-home entertainment experience comes to fruition through continual investment in its theaters and customer journey. Fan-favorite Luxury Lounger recliners, with more than 70% of the domestic circuit reclined. Cinemark XD, the number one private-label premium large format in the world with nearly 300 auditoriums across the U.S. and Latin America, representing 12% of global box office in 2024 on 5% of screens. Largest footprint of D-BOX motion seats with more than 425 auditoriums, and 70 planned installations in the next 18 months. Everyone's favorite mouth-watering movie theater concessions with free refills on large drinks and XL popcorn, in addition to robust food and beverage offerings, with 80% of the domestic circuit offering expanded options and 60% offering alcohol. Guests can skip the line and order their cinema snacks ahead of time on the Cinemark app. Must-have movie merchandise in theaters as well as online at Superior sight and sound technology delivered by top-of-the-line multi-channel surround sound and Barco digital and laser projectors managed by an industry-leading technology team that delivers a 99.98% screen uptime rate. Guest service scores that consistently reach high satisfaction ratings of ~95%. Cinemark Movie Club, the industry-leading movie theater subscription program with nearly 1.4 million members in addition to Movie Rewards free loyalty program with outstanding member rewards. National partnerships with UberEats, Door Dash, Grubhub and 7NOW to satisfy those movie theater concessions cravings at home. For full details about the Cinemark moviegoing experience, visit or download the Cinemark app. Click HERE for general Cinemark images and b-roll. About Cinemark Holdings, Inc. Cinemark Holdings, Inc. (NYSE: CNK) provides extraordinary out-of-home entertainment experiences as one of the largest and most influential theatrical exhibition companies in the world. Based in Plano, Texas, Cinemark makes every day cinematic for moviegoers across nearly 500 theaters and more than 5,500 screens, operating in 42 states in the U.S. (304 theaters; 4,246 screens) and 13 South and Central American countries (193 theaters; 1,398 screens). Cinemark offers guests superior sight and sound technology, including Barco laser projection and Cinemark XD, the world's No. 1 exhibitor-branded premium large format; industry-leading penetration of upscale amenities such as expanded food and beverage offerings, Luxury Lounger recliners and D-BOX motion seats; top-notch guest service; and award-winning loyalty programs such as Cinemark Movie Club. All of this creates an immersive environment for a shared, entertaining escape, underscoring that there is no place more cinematic than Cinemark. For more information, visit View source version on Contacts Media:Julia McCarthapr@ Investors:Chanda Brashearsinvestors@
Business Wire
27-05-2025
- Entertainment
- Business Wire
Cinemark Breaks Waves of Moviegoing Records Over Memorial Day Weekend
PLANO, Texas--(BUSINESS WIRE)-- Cinemark Holdings, Inc., one of the largest and most influential theatrical exhibition companies in the world, broke waves of all-time moviegoing records over the long Memorial Day holiday weekend across box office and concessions driven by robust consumer enthusiasm around films such as Lilo & Stitch, Mission: Impossible – The Final Reckoning, Final Destination Bloodlines, The Last Rodeo, Sinners, Thunderbolts* and more. Cinemark maximized box office opportunities with the compelling slate and delivered domestic records in multiple categories, including: Highest-grossing four-day Memorial Day Weekend domestic box office of all time; Best domestic Memorial Day weekend film opening ever with Lilo & Stitch; Seventh-highest grossing three-day domestic box office weekend of all time; All-time-high Memorial Day Weekend food and beverage revenue and per cap; Biggest Memorial Day weekend for Cinemark XD, the world's No. 1 exhibitor-branded premium large format; and Best-ever three-day weekend for D-BOX motion seats. Excitement for moviegoing extended beyond the horizon of U.S. theaters, with Lilo & Stitch becoming the third-biggest family film opening of all time for Cinemark's Latin American circuit. 'The immersive, cinematic experience was firing on all cylinders over this long Memorial Day weekend as moviegoers sought out theaters for the highly anticipated premieres of Lilo & Stitch and Mission: Impossible – The Final Reckoning, as well as solid performances from carryover films,' said Sean Gamble, Cinemark President and CEO. 'Cinemark delivered a remarkable over-performance, breaking numerous records across box office and concession revenues. We congratulate our studio partners and commend our incredible Cinemark teams that welcomed moviegoers for shared entertainment experiences that can only be found in theaters. We look forward to celebrating the many exciting releases to come.' Coming Soon to the Big Screen The momentum will continue into the heart of summer and beyond, with thrilling releases coming week after week, including Karate Kid: Legends (May 30), Ballerina (June 6), How to Train Your Dragon (June 13), Elio (June 20), F1 The Movie (June 27), Jurassic World Rebirth (July 2), Superman (July 11), The Fantastic Four: First Steps (July 25) and so much more. Later in the year, movie lovers will be able to experience highly anticipated titles such as The Naked Gun (August 1), Freakier Friday (August 8), Tron: Ares (October 10), The Running Man (November 7), Wicked: For Good (November 21), Zootopia 2 (November 26), Five Nights at Freddy's 2 (December 5), and Avatar: Fire and Ash (December 19) to name a few. The Cinemark Experience Cinemark's commitment to delivering a preeminent out-of-home entertainment experience comes to fruition through continual investment in its theaters and customer journey. Fan-favorite Luxury Lounger recliners, with more than 70% of the domestic circuit reclined. Cinemark XD, the number one private-label premium large format in the world with nearly 300 auditoriums across the U.S. and Latin America, representing 12% of global box office in 2024 on 5% of screens. Largest footprint of D-BOX motion seats with more than 425 auditoriums, and 70 planned installations in the next 18 months. Everyone's favorite mouth-watering movie theater concessions with free refills on large drinks and XL popcorn, in addition to robust food and beverage offerings, with 80% of the domestic circuit offering expanded options and 60% offering alcohol. Guests can skip the line and order their cinema snacks ahead of time on the Cinemark app. Must-have movie merchandise in theaters as well as online at Superior sight and sound technology delivered by top-of-the-line multi-channel surround sound and Barco digital and laser projectors managed by an industry-leading technology team that delivers a 99.98% screen uptime rate. Guest service scores that consistently reach high satisfaction ratings of ~95%. Cinemark Movie Club, the industry-leading movie theater subscription program with nearly 1.4 million members in addition to Movie Rewards free loyalty program with outstanding member rewards. National partnerships with UberEats, Door Dash, Grubhub and 7NOW to satisfy those movie theater concessions cravings at home. For full details about the Cinemark moviegoing experience, visit or download the Cinemark app. Click HERE for general Cinemark images and b-roll. About Cinemark Holdings, Inc. Cinemark Holdings, Inc. (NYSE: CNK) provides extraordinary out-of-home entertainment experiences as one of the largest and most influential theatrical exhibition companies in the world. Based in Plano, Texas, Cinemark makes every day cinematic for moviegoers across nearly 500 theaters and more than 5,500 screens, operating in 42 states in the U.S. (304 theaters; 4,246 screens) and 13 South and Central American countries (193 theaters; 1,398 screens). Cinemark offers guests superior sight and sound technology, including Barco laser projection and Cinemark XD, the world's No. 1 exhibitor-branded premium large format; industry-leading penetration of upscale amenities such as expanded food and beverage offerings, Luxury Lounger recliners and D-BOX motion seats; top-notch guest service; and award-winning loyalty programs such as Cinemark Movie Club. All of this creates an immersive environment for a shared, entertaining escape, underscoring that there is no place more cinematic than Cinemark. For more information, visit
Yahoo
07-05-2025
- Business
- Yahoo
Cinemark CEO Touts Box Office Rebound, Amazon MGM Slate & Industry Track Record Amid Economic Uncertainty; Also Sees More M&A
Cinemark CEO Sean Gamble was upbeat at an ongoing box office turnaround that started in April and touted Amazon MGM's newfound commitment to theatrical releases. On a call with analysts after quarterly earnings, he said M&A in exhibition may finally pick up, and also recalled the industry's historically sturdy performance during periods of economic uncertainty — which appears to be upon us. The chief executive of the nation's third largest theater circuit weighed in on the lively debate around windows that dominated CinemaCon last month, backing 45 days for most films. More from Deadline His wide ranging comments followed mixed first quarter financials that saw losses widen to $39 million, from $25 million the year earlier on a shockingly soft box office. Hollywood strikes continued to ripple, some films underperformed and others were moved out the frame, Gamble said. Cinemark revenue rose 7% to $541 million. Gamble's M&A comments stood out because that subject has been DOA for years. He recalled that deal expectations were high post-Covid, which gut-punched the industry. Many theaters and chains received government subsidies that allowed them to hang on. Those that made it may finally start to find buyers since the box office at last appears to be in the early stretch of a long-awaited recovery. 'It's a better time now than before to bring assets to market if you've survived. I believe we'll see a little bit more [M&A] as we get to a better place.' The rebound started with The Minecraft Movie, spilled into Sinners and moves into Thunderbolts this weekend. Gamble sees the box office roll continuing given the 'strength and breadth' of content in the pipeline including fare studios showcased recently at CinemaCon enhanced by a ramped up theatrical commitment at Amazon, MGM. The studio took the stage at Vegas for the first time with plans to release 14 to 16 films into theaters by 2027, maybe 14 by next year. 'Their message was highly encouraging with regard to the further recovery of overall wide release volume in 2026 and beyond, and so too was the quality and scale of their films, as well as how far along they are with the titles they have in motion,' Gamble said. On Apple, it's dipping a toe with F1 this summer, then we'll see.
Yahoo
03-05-2025
- Business
- Yahoo
Cinemark Holdings Inc (CNK) Q1 2025 Earnings Call Highlights: Record Concession Sales Amidst ...
Worldwide Revenue: $540.7 million for Q1 2025. Adjusted EBITDA: $36.4 million with a 6.7% margin. Domestic Admissions Revenue: $207.6 million. Average Ticket Price: $10.08, a 3% increase year over year. Domestic Concession Revenue: $164.4 million, with a per cap of $7.98, a 5% increase year over year. International Revenue: $123.6 million, with an adjusted EBITDA margin of 13.3%. Net Loss: $38.9 million, resulting in a loss per share of $0.32. Cash Balance: $699 million at the end of the quarter. Free Cash Flow: Negative $141 million for the quarter. Capital Expenditures: $22.1 million in Q1 2025. Share Repurchases: $200 million executed, repurchasing 7.93 million shares. Warning! GuruFocus has detected 6 Warning Sign with CNK. Release Date: May 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Cinemark Holdings Inc (NYSE:CNK) exceeded year-over-year North American box office performance by 160 basis points and surpassed its Latin American benchmark by nearly 60 basis points. The company maintained industry-leading market share gains, including approximately 100 basis points of structural improvement relative to pre-pandemic levels. Cinemark Holdings Inc (NYSE:CNK) achieved a new record high concession per cap, driven by increased incidence rates and strategic pricing actions. The company executed a $200 million share repurchase program, representing the first stock buyback in its history, which helped manage potential dilution related to convertible notes. Cinemark Holdings Inc (NYSE:CNK) paid its first quarterly dividend since the pandemic, reflecting confidence in its financial health and future prospects. North American industry box office declined 12% compared to the same period in 2024, partly due to lingering effects of Hollywood strikes and fewer tentpole releases. The company's worldwide first-quarter revenue was $541 million, with adjusted EBITDA of $36 million and an adjusted EBITDA margin of 6.7%, indicating pressure from lower attendance levels. Concession costs as a percent of concession revenue increased by 150 basis points due to a higher mix of merchandise and ongoing inflationary pressures. Global salaries and wages increased by 4% compared to the first quarter of 2024, driven by wage and benefit inflation and higher workers' compensation costs. Free cash flow was negative $141 million in the quarter, reflecting a soft box office environment, semi-annual interest payments, and seasonal working capital headwinds. Q: Given the strong box office expectations for the rest of the year, why not announce another share buyback program? A: Sean Gamble, CEO, explained that while they are pleased with the recent buyback, they are focused on maintaining their net leverage ratio within their target range. Melissa Thomas, CFO, added that they are prioritizing the upcoming convertible note settlement in August, but they are not ruling out future buybacks. Q: Can you provide insights on Amazon and Apple's plans for theatrical releases? A: Sean Gamble, CEO, expressed optimism about Amazon's commitment to releasing 14 to 16 films annually by 2027, highlighting their investment in production and distribution. Regarding Apple, he noted their focus on the upcoming F1 film and their potential long-term plans for theatrical releases. Q: How is Cinemark addressing the issue of film windowing? A: Sean Gamble, CEO, stated that discussions are ongoing with studios to evaluate the impact of shortened windows on consumer behavior. He emphasized the importance of a flexible window structure, suggesting a 45-day average as a potential target to maximize value without confusing consumers. Q: What are the expectations for concession per cap growth? A: Melissa Thomas, CFO, expects moderate year-over-year growth in domestic concession per cap for 2025, driven by initiatives to increase incidence rates and optimize pricing. She noted that per caps may fluctuate with film mix but anticipates continued growth. Q: How is Cinemark handling potential economic downturns and their impact on moviegoing? A: Sean Gamble, CEO, reported no signs of economic factors adversely affecting moviegoing. He noted strong performance in the second quarter, with high attendance and concession sales, and emphasized the affordability of moviegoing as a resilient entertainment option during economic strains. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
07-04-2025
- Entertainment
- Yahoo
Cinemark Crafts All-Time Domestic Box Office Record for a Three-Day Family Film Opening Weekend as A Minecraft Movie Shines Like a Beacon in Theaters
Film also secured the exhibitor's highest-grossing D-BOX motion seats weekend ever. PLANO, Texas, April 07, 2025--(BUSINESS WIRE)--Cinemark Holdings, Inc., one of the largest and most influential theatrical exhibition companies in the world, achieved an all-time-high three-day domestic opening weekend for a PG-rated film as A Minecraft Movie brought mobs of moviegoers to theaters across the nation. Big screens delighted movie fans, serving as portals to a new world, notching industry-wide videogame adaptation records. In addition to its massive Cinemark box office record, the film also generated the Company's highest grossing D-BOX motion seats weekend ever. "Cinemark auditoriums were packed with enthusiastic fans as A Minecraft Movie built a must-see-on-the-big-screen experience for moviegoers of all ages, driving an all-time family film record as well as best-ever D-BOX motion seat ticket sales weekend for our company," said Sean Gamble, Cinemark President & CEO. "After an exhilarating week with our fellow exhibitors and studio partners at CinemaCon, we are thrilled to see further validation that movie theaters provide positive, shared entertainment, build community, and meaningfully amplify the wonder and excitement of captivating stories. Congratulations to everyone at Warner Bros. Discovery for delivering such a fantastic film and thank you to the Cinemark team for serving so many excited guests." The cinematic momentum will continue throughout the year and beyond as more compelling content is delivered to the silver screen. Moviegoers will be treated to a thrilling slate throughout this spring and summer with consecutive highly anticipated releases including Sinners on April 18, The Accountant 2 on April 25, Thunderbolts* on May 2, Final Destination: Bloodlines on May 16, Mission: Impossible - The Final Reckoning and Lilo & Stitch on May 23, Karate Kid: Legends on May 30, Ballerina on June 6, How to Train Your Dragon on June 13, Elio on June 20, F1 on June 27, Jurassic World Rebirth on July 2, Superman on July 11, The Fantastic Four: First Steps on July 25 and so much more. Later in the year, multiple notable titles are set to delight movie lovers including Freakier Friday on August 8, Tron: Ares on October 10, Wicked: For Good on November 21, Zootopia 2 on November 26, Five Nights at Freddy's 2 on December 5, and Avatar: Fire and Ash on December 19 to name a few. Alongside the sight and sound technology that cannot be replicated at home, Cinemark gives moviegoers the star treatment with its fan-favorite loyalty program, convenient concessions ordering and online merchandise store. Cinemark Movie Rewards awards movie lovers with one point for every dollar spent at a Cinemark theater, and fans can level up to Cinemark Movie Club, a monthly membership program with star-studded benefits such as a monthly movie credit with no rollover and no expiration, a 20 percent discount on concessions and more. Snacking has never been easier at Cinemark, with advanced mobile ordering for easy pick up within the theater and third-party delivery partnerships with DoorDash, Grubhub and Uber Eats, to ensure customers can enjoy their favorite movie theater concessions whenever and wherever the craving hits. And makes it simple for super fans to purchase great movie merchandise at any time. For full details about the Cinemark moviegoing experience, visit or download the Cinemark app. Click HERE for general Cinemark images and b-roll. About Cinemark Holdings, Inc. Cinemark Holdings, Inc. (NYSE: CNK) provides extraordinary out-of-home entertainment experiences as one of the largest and most influential theatrical exhibition companies in the world. Based in Plano, Texas, Cinemark makes every day cinematic for moviegoers across nearly 500 theaters and more than 5,500 screens, operating in 42 states in the U.S. (304 theaters; 4,255 screens) and 13 South and Central American countries (193 theaters; 1,398 screens). Cinemark offers guests superior sight and sound technology, including Barco laser projection and Cinemark XD, the world's No. 1 exhibitor-branded premium large format; industry-leading penetration of upscale amenities such as expanded food and beverage offerings, Luxury Lounger recliners and D-BOX motion seats; top-notch guest service; and award-winning loyalty programs such as Cinemark Movie Club. All of this creates an immersive environment for a shared, entertaining escape, underscoring that there is no place more cinematic than Cinemark. For more information, visit View source version on Contacts Cinemark Contacts: Media:Julia McCarthapr@ Investors:Chanda Brashearsinvestors@
