Cinemark Holdings (CNK) Tops Q1 EPS by 7c

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Cinemark Holdings, Inc. Reports Record Revenues, Net Income and Adjusted EBITDA for the First Quarter of 2017

May 3, 2017 6:30 AM EDT

PLANO, 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, 2017.

Cinemark Holdings, Inc.s revenues for the three months ended March 31, 2017 increased 10.6% to $779.6 million from $704.9 million for the three months ended March 31, 2016. Admissions revenues increased 9.3% and concession revenues increased 12.8%. For the three months ended March 31, 2017, attendance increased 2.5%, the average ticket price increased 6.7% to $6.41 and concession revenues per patron increased 10.1% to $3.61.

Net income attributable to Cinemark Holdings, Inc. for the three months ended March 31, 2017 increased 36.2% to... More