Cinemark Hldgs Inc Stock Price, News & Analysis

Cinemark Holdings (NYSE: CNK) is enhancing the holiday season with special promotions and blockbuster films. The company offers up to $20 off annual Movie Club memberships, with added benefits including discounts and monthly credits. Gift card promotions run through Dec. 31, providing bonus cards for purchases over $35. Cinemark's Ultimate Movie Lovers sweepstakes encourages members to participate for chances to win movie passes and prizes. The holiday lineup features hits like Black Panther: Wakanda Forever and Avatar: The Way of Water. For more information, visit Cinemark.com/holiday.

National CineMedia (NCMI) and Affinity Solutions released an Economic Impact Study showing a predictive relationship between moviegoing and increased consumer spending. Analyzing over eight million moviegoers, the study found that attendees spend twice as much as non-moviegoers within eight hours of viewing. The report highlights spending patterns across different demographics during movie attendance, indicating that brands can effectively target these consumers for better sales. Key findings include increased spending on retail and dining, with significant brand sales lifts noted for attendees of blockbuster films.

Cinemark Holdings, Inc. reported record-breaking box office performance for Black Panther: Wakanda Forever, marking the company's biggest November opening weekend ever. The film outperformed the original Black Panther, reflecting strong consumer demand for in-theater experiences. Premium formats like Cinemark XD and DBOX also showed exceptional performance. This success indicates a solid recovery for the exhibition industry, with consumer interest remaining high for upcoming releases in 2023.

BROADWAY RISING is a feature documentary by Fathom Events and Vertical, highlighting Broadway's post-pandemic recovery journey. Set for theatrical release on December 5, 2022, the film showcases the industry’s struggles and resilience following the COVID-19 shutdowns, which impacted an industry contributing nearly $15 billion to New York City's economy and supporting 97,000 jobs. Directed by Amy Rice, the screening includes exclusive content with insights from industry professionals. Tickets are available through Fathom Events and select theaters.

Cinemark Holdings announces the grand opening of its Cinemark Missouri City and XD theatre in Fort Bend County, Texas. This 14-screen location features immersive XD screens and Luxury Lounger recliners, enhancing the moviegoing experience. It opens just in time for the anticipated release of Marvel Studios’ Black Panther: Wakanda Forever. This new theatre showcases a refreshed design and advanced technologies, aiming to provide a superior cinematic experience for Houston audiences.

National CineMedia reported robust Q3 2022 results, with total revenue rising 71.9% to $54.5 million, driven by a strong advertising resurgence. The operating loss improved significantly to $4.2 million, while adjusted OIBDA turned positive at $7.0 million, contrasting with a loss of $8.2 million in Q3 2021. For Q4 2022, revenue is projected between $85.0 million and $95.0 million, while full-year revenue is expected to reach $242.5 million to $252.5 million, up substantially from 2021.

Cinemark Holdings reported a 50% increase in total revenue to $650.4 million for Q3 2022, driven by 48.4 million patrons and admissions revenue of $324.6 million. The company's net loss shrank significantly to $(24.5) million, an improvement from $(77.8) million in Q3 2021. Adjusted EBITDA soared over 125% to $99.5 million. Year-to-date box office results increased by 130%, emphasizing a strong recovery as COVID-related delays subside. Cinemark plans to open 2 new theatres and 19 screens by year-end, with ongoing confidence in future theatrical exhibitions.

National CineMedia, Inc. (NASDAQ: NCMI) will release its fiscal third quarter 2022 earnings results on November 7, 2022, after market close. A conference call to discuss these results is set for 5:00 p.m. Eastern Time the same day. Participants can access the call by dialing (888) 394-8218, with an international option available. The live audio webcast will be hosted on www.ncm.com under Investor Relations. A replay will be accessible until November 21, 2022.

The Chosen, a popular multi-episode series based on Jesus' life, is set to premiere its third season on Nov. 18 in over 2000 theaters across the U.S. and English-speaking territories. The show, which boasts over 420 million views, has gained acclaim for its historical accuracy and has been translated into 62 languages. Distributed by Fathom Events, the first two episodes will be shown multiple times over five days. The series has successfully engaged viewers without subscription fees, relying on fan support.