You will be redirected back to your article in seconds

Cinemark profit climbs

Dallas-based circuit reports $5.6 mil in net income for summer quarter

HOLLYWOOD — Cinemark Intl., one of the healthier U.S. exhibs, Tuesday posted a 30% increase in third-quarter profit on higher box office and concession sales.

The Dallas-based circuit reported $5.6 million in net income for the summer quarter.

Overall, third-quarter rev jumped 9% to $240 million. B.O. was up 9% at $155.7 million, concession revenue climbed 11% to $72.9 million and other income rose 1% to $11.5 million.

Cinemark, which revealed its financial results in a 10-Q regulatory filing, operated 2,963 U.S. and foreign screens in 273 theaters as of Sept. 30. It manages an additional 27 screens in four theaters.

Cinemark is the biggest U.S.-based circuit to succeed in keeping out of bankruptcy court amid a recent financial crisis of historic proportions among exhibs.

A spate of bankruptcy reorgs followed a megaplex-building binge that created cutthroat competish domestically. Key to Cinemark’s good fortune was its operating a substantial number of international screens in Latin American territories unaffected by overbuilding activity.

More Film

  • Turkish Cinema: The New Generation -

    Turkish Cinema: The New Generation - Erol Mintas, Director 'The Crows'

    HOLLYWOOD — Cinemark Intl., one of the healthier U.S. exhibs, Tuesday posted a 30% increase in third-quarter profit on higher box office and concession sales. The Dallas-based circuit reported $5.6 million in net income for the summer quarter. Overall, third-quarter rev jumped 9% to $240 million. B.O. was up 9% at $155.7 million, concession revenue […]

  • 'Dark Is the Night' Review: Toronto

    Toronto Film Review: Dark Is the Night

    HOLLYWOOD — Cinemark Intl., one of the healthier U.S. exhibs, Tuesday posted a 30% increase in third-quarter profit on higher box office and concession sales. The Dallas-based circuit reported $5.6 million in net income for the summer quarter. Overall, third-quarter rev jumped 9% to $240 million. B.O. was up 9% at $155.7 million, concession revenue […]

  • 'My Generation' Review: A Diverting Documentary

    Film Review: 'My Generation'

    HOLLYWOOD — Cinemark Intl., one of the healthier U.S. exhibs, Tuesday posted a 30% increase in third-quarter profit on higher box office and concession sales. The Dallas-based circuit reported $5.6 million in net income for the summer quarter. Overall, third-quarter rev jumped 9% to $240 million. B.O. was up 9% at $155.7 million, concession revenue […]

  • Stranger Things Season 2

    Halloween Costume Ideas 2017

    HOLLYWOOD — Cinemark Intl., one of the healthier U.S. exhibs, Tuesday posted a 30% increase in third-quarter profit on higher box office and concession sales. The Dallas-based circuit reported $5.6 million in net income for the summer quarter. Overall, third-quarter rev jumped 9% to $240 million. B.O. was up 9% at $155.7 million, concession revenue […]

  • No Merchandising. Editorial Use Only. No

    'Thor: Ragnarok' Tracking for $100 Million-Plus Opening in North America

    HOLLYWOOD — Cinemark Intl., one of the healthier U.S. exhibs, Tuesday posted a 30% increase in third-quarter profit on higher box office and concession sales. The Dallas-based circuit reported $5.6 million in net income for the summer quarter. Overall, third-quarter rev jumped 9% to $240 million. B.O. was up 9% at $155.7 million, concession revenue […]

  • DORA THE EXPLORER

    Film News Roundup: Live-Action 'Dora the Explorer' Moves Forward With Nick Stoller

    HOLLYWOOD — Cinemark Intl., one of the healthier U.S. exhibs, Tuesday posted a 30% increase in third-quarter profit on higher box office and concession sales. The Dallas-based circuit reported $5.6 million in net income for the summer quarter. Overall, third-quarter rev jumped 9% to $240 million. B.O. was up 9% at $155.7 million, concession revenue […]

  • BMG Production Music

    BMG Production Music Expands with Acquisition of Movie Marketing Mainstay

    HOLLYWOOD — Cinemark Intl., one of the healthier U.S. exhibs, Tuesday posted a 30% increase in third-quarter profit on higher box office and concession sales. The Dallas-based circuit reported $5.6 million in net income for the summer quarter. Overall, third-quarter rev jumped 9% to $240 million. B.O. was up 9% at $155.7 million, concession revenue […]

More From Our Brands

Access exclusive content