Financial Briefs

Cinemark USA said net income for the latest quarter eased to $8.3 million from $9.5 million due to a $2.5 million charge in the 1999 period from closing and writeoffs of “nonperforming assets” (read: old theaters).

Revenue rose 28% to $211 million and cash flow was up 29% to $47 million.

So far this year, the Plano, Texas-based exhibitor said it had opened 24 new stadium-seating megaplexes featuring 305 screens in four countries. Total screen count stood at 2,576.

* * *

Comcast Corp.’s net income fell to $368 million in the third quarter from $707 million the year before.

Revenue for the three months ended Sept. 30 rose 23% to $1.5 billion; operating cash flow, a key indicator, was up 24% to $464 million.

Comcast Cable saw operating cash flow rise 10% and revenue rise 9%. Digital cable is rolling out quickly, the company said, and is now available to 60% of all Comcast subs.

At electronic retailer QVC, operating cash flow rose 20% with revenue up 18%.

More Biz

  • David-Zaslav-Discovery Sun Valley Conference

    A Look at Key Trends Facing Media and Tech Companies Ahead of Q2 Earnings

    Cinemark USA said net income for the latest quarter eased to $8.3 million from $9.5 million due to a $2.5 million charge in the 1999 period from closing and writeoffs of “nonperforming assets” (read: old theaters). Revenue rose 28% to $211 million and cash flow was up 29% to $47 million. So far this year, […]

  • Spotify logo is presented on a

    Spotify Launches Feature to Help Artists, Labels Submit Music to Playlists

    Cinemark USA said net income for the latest quarter eased to $8.3 million from $9.5 million due to a $2.5 million charge in the 1999 period from closing and writeoffs of “nonperforming assets” (read: old theaters). Revenue rose 28% to $211 million and cash flow was up 29% to $47 million. So far this year, […]

  • The Bureau French TV Show

    French Firm Federation Steps Into the U.S. Market

    Cinemark USA said net income for the latest quarter eased to $8.3 million from $9.5 million due to a $2.5 million charge in the 1999 period from closing and writeoffs of “nonperforming assets” (read: old theaters). Revenue rose 28% to $211 million and cash flow was up 29% to $47 million. So far this year, […]

More From Our Brands

Access exclusive content