Covid-19 reports pandemic

Cinemark Earns $744 Million in Revenue in Q2, Beating Wall Street Expectations

Reading now: 955
thewrap.com

That revenue total is up from the $460.5 million grossed in Q1 2022, with $381.9 million coming from ticket sales and $286 million coming from concessions.

After reporting a net loss of $72.5 million last quarter, Cinemark was able to report a net loss of $73.4 million, which equates to diluted loss per share of 61 cents.

Last quarter, Cinemark reported diluted loss per share of 62 cents.While Imax and AMC had significant expenses related to the COVID-19 pandemic and other acquisitions, Cinemark kept its costs down to take advantage of a $2.32 billion quarter for the domestic box office, with “Top Gun: Maverick,” “Jurassic World: Dominion” and “Doctor Strange in the Multiverse of Madness” serving as the top 3 films. “Maverick” and “Dominion” in particular boosted June box office totals to the highest that Cinemark has reported since the start of the COVID-19 pandemic.

Read more on thewrap.com
The website popstar.one is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related Celebs News

DMCA