Cinemark profits increase 53% in fourth quarter

Attendance jumps 9.6%, fuelling revenue growth

With 2012 domestic box office ending with a record high $10.8 billion, Cinemark, the nation’s third-largest theater, reported a 53% increase in profits at $28.4 million during the three-month period ending Dec. 31.

Revenues rose 14.1% to $611.5 million vs. $535.9 million during the fourth quarter 2011.

The circuit, which operates 465 theaters with 5,240 screens in the U.S. and Latin America, saw a 9.6% bump in attendance, despite a 4.5% increase in average ticket price. The company also grew its concession revenues per person by 4.2%.

“It was an incredible year for the industry,” said Cinemark CEO Tim Warner, who noted that fourth-quarter attendance reached a company high at 263.7 million. “We also reached a milestone in Latin America, surpassing 100 million patrons,” Warner added.

Cinemark plans to open 30 new theaters, totaling 287 screens, during 2013 and beyond.

The company shares fell 69 cents Wednesday, down 2.34%, to close at $28.80.

More Film

  • John Lasseter

    Pixar's John Lasseter Was the Subject of a 'Whisper Network' for More Than Two Decades

    With 2012 domestic box office ending with a record high $10.8 billion, Cinemark, the nation’s third-largest theater, reported a 53% increase in profits at $28.4 million during the three-month period ending Dec. 31. Revenues rose 14.1% to $611.5 million vs. $535.9 million during the fourth quarter 2011. The circuit, which operates 465 theaters with 5,240 […]

  • Andy Serkis Flarsky

    Andy Serkis Joins Seth Rogen and Charlize Theron in 'Flarsky'

    With 2012 domestic box office ending with a record high $10.8 billion, Cinemark, the nation’s third-largest theater, reported a 53% increase in profits at $28.4 million during the three-month period ending Dec. 31. Revenues rose 14.1% to $611.5 million vs. $535.9 million during the fourth quarter 2011. The circuit, which operates 465 theaters with 5,240 […]

  • John Lasseter Pixar

    John Lasseter Takes Leave of Absence From Disney/Pixar, Apologizes for Unwanted Hugs

    With 2012 domestic box office ending with a record high $10.8 billion, Cinemark, the nation’s third-largest theater, reported a 53% increase in profits at $28.4 million during the three-month period ending Dec. 31. Revenues rose 14.1% to $611.5 million vs. $535.9 million during the fourth quarter 2011. The circuit, which operates 465 theaters with 5,240 […]

  • at&t time warner merger

    AT&T-Time Warner Merger: Does the DOJ Have a Case?

    With 2012 domestic box office ending with a record high $10.8 billion, Cinemark, the nation’s third-largest theater, reported a 53% increase in profits at $28.4 million during the three-month period ending Dec. 31. Revenues rose 14.1% to $611.5 million vs. $535.9 million during the fourth quarter 2011. The circuit, which operates 465 theaters with 5,240 […]

  • Tom Hollander A Private War

    Tom Hollander Joins Rosamund Pike, Jamie Dornan in 'A Private War'

    With 2012 domestic box office ending with a record high $10.8 billion, Cinemark, the nation’s third-largest theater, reported a 53% increase in profits at $28.4 million during the three-month period ending Dec. 31. Revenues rose 14.1% to $611.5 million vs. $535.9 million during the fourth quarter 2011. The circuit, which operates 465 theaters with 5,240 […]

  • Spirits Awards Nominations Analysis: 'Call Me

    Spirit Awards: 'Call Me by Your Name,' 'Get Out' Soar, 'Shape of Water' Shunned Again

    With 2012 domestic box office ending with a record high $10.8 billion, Cinemark, the nation’s third-largest theater, reported a 53% increase in profits at $28.4 million during the three-month period ending Dec. 31. Revenues rose 14.1% to $611.5 million vs. $535.9 million during the fourth quarter 2011. The circuit, which operates 465 theaters with 5,240 […]

  • "Roman J. Israel, Esq."

    'Roman J. Israel, Esq.': How Jake Gyllenhaal Helped Prepare Denzel Washington for Title Role

    With 2012 domestic box office ending with a record high $10.8 billion, Cinemark, the nation’s third-largest theater, reported a 53% increase in profits at $28.4 million during the three-month period ending Dec. 31. Revenues rose 14.1% to $611.5 million vs. $535.9 million during the fourth quarter 2011. The circuit, which operates 465 theaters with 5,240 […]

More From Our Brands

Access exclusive content