Cinemark Hldgs Inc Stock Price, News & Analysis

National CineMedia (NCM) released a study confirming cinema as the leading platform for consumer attention to advertising, outperforming TV, CTV, social, and digital ads. Conducted by Lumen and dentsu, the study revealed cinema attention scores were 4-7 times higher than other channels, with 97% viewer engagement compared to 38% for TV. The findings indicate longer ad viewing duration and a direct correlation between attention metrics and brand recall. Major brands like Wendy’s and adidas participated, suggesting significant implications for advertising strategies. NCM aims to leverage these insights for enhanced media effectiveness.

Cinemark Holdings, Inc. (NYSE: CNK) reported a total revenue of $2.5 billion for 2022, marking a 63% increase from 2021. Despite a 10% decrease in Q4 revenue to $599.7 million, the company generated $136 million in cash flow from operations and $25 million in free cash flow. Admissions revenue was $304.6 million for Q4, with attendance of 39.2 million. The net loss for Q4 was $(99.3 million), compared to a profit of $5.7 million in the same period in 2021. For the full year, net loss was $(271.2 million), an improvement from $(422.8 million) in 2021. The company ended 2022 with a total of 5,847 screens.

Ahava Productions and Fathom Events are set to release the documentary Santiago: The Camino Within in select U.S. theaters for one night only on March 28, 2023, at 7:00 PM. The film captures the transformative journeys of travelers along the historic Camino de Santiago, highlighting personal reflections and spiritual connections. Narrated by Bishop Donald Hying, the documentary showcases the beauty and depth of this ancient pilgrimage. Created by award-winning composer Erin Berghouse, it aims to inspire viewers through both its emotional narrative and music. Tickets are available online and at theater box offices.

Cinemark Holdings, Inc. (NYSE: CNK) announces the transition of Lee Roy Mitchell, 85, founder, from the Board of Directors after nearly 40 years of influential service. As the architect of Cinemark's success since its creation in 1984, Lee Roy has played a vital role in the growth of the global theater chain, which operates nearly 6,000 screens across 16 countries. He is succeeded by Kevin Mitchell, 54, an industry veteran with over 35 years of experience. Kevin is expected to leverage his extensive background to continue Cinemark's legacy and strategic priorities effectively.

Cinemark Holdings, Inc. (NYSE: CNK), a leading global movie theater company, announced its participation in the Morgan Stanley TMT Investor Conference on March 7 in San Francisco, CA. President & CEO Sean Gamble and CFO Melissa Thomas will engage in a fireside chat at 8:35 am PT, alongside 1-on-1 investor meetings. Cinemark operates 517 theaters with 5,835 screens across 42 states and 15 countries, providing a premium moviegoing experience with features like Movie Club and luxury seating. For more details, visit Cinemark Investor Relations.

Cinemark Holdings, Inc. (NYSE: CNK), a major player in the global movie exhibition industry, will report its fourth-quarter and full-year 2022 operating results on February 24, 2023, at 8:30 a.m. Eastern Time. The findings will be discussed during a live conference call accessible via webcast. Investors are encouraged to join the call 5-10 minutes early. Following the call, a replay will be available on their Investor Relations website. Cinemark operates 517 theatres with 5,835 screens in the U.S. and 15 countries, offering a unique moviegoing experience through various amenities and subscription services.

TBN, Fathom Events, and Impact Productions announced the upcoming premiere of THE JOURNEY: A Music Special from Andrea Bocelli, set for April 2-4 and April 6, 2023, in theaters nationwide. This documentary follows Bocelli and his wife as they traverse Italy's Via Francigena pilgrimage, blending stunning musical performances with personal stories. Notable appearances include Pope Francis, Michael W. Smith, and Tori Kelly. Tickets are available now via the Fathom Events website. The premiere aims to inspire audiences through a journey of faith, music, and scenic beauty.

Cinemark Holdings is set to host its annual Oscar® Movie Week from March 6 to March 12, allowing moviegoers to enjoy all Best Picture and nominee shorts on the big screen. The festival will take place in over 120 theaters nationwide. For $40, attendees can purchase an all-inclusive festival pass, which includes a 50% discount on popcorn. Individual tickets will be available starting January 27, with feature titles priced at standard rates. Cinemark operates 517 theaters across the U.S. and internationally, offering an enhanced cinematic experience.