Cinemark Hldgs Inc Stock Price, News & Analysis

Tickets Are on Sale Now for This Sure-to-be-Historic Bout

On September 17, 2022, boxing icons Saul Canelo Alvarez and Gennadiy 'GGG' Golovkin will face off in Las Vegas for their third match. Fans can experience the event live in over 700 movie theaters nationwide through a partnership between DAZN and Fathom Events. The broadcast starts at 5 p.m. PT, featuring a packed undercard. Canelo, after a recent defeat, will risk his super-middleweight titles in this highly anticipated rubber match. Tickets are available via FathomEvents.com.

National CineMedia, Inc. (NCMI) reports significant recovery in Q2 2022, with total revenue soaring 379.3% to $67.1 million, surpassing consensus estimates. Operating income improved to $5.6 million from a loss of $29.6 million year-on-year. Adjusted OIBDA turned positive at $15.1 million, compared to a negative $18.7 million in Q2 2021. While net loss narrowed to $0.7 million, the company anticipates continued growth, projecting Q3 revenue between $53.0 million and $57.0 million, and aiming for full-year revenue of $265.0 million to $285.0 million.

Cinemark Holdings, Inc. (NYSE: CNK) reported a significant recovery in its second quarter of 2022, with total revenues reaching $744.1 million, a 152.6% increase from $294.6 million in the same quarter of 2021. The company attributed this growth to improved consumer sentiment and a consistent film release schedule. Net loss for the quarter narrowed to $(73.4) million, compared to $(142.4) million a year earlier. Adjusted EBITDA rose to $138.3 million from a loss of $(11.8) million. Cinemark aims to capitalize on ongoing industry recovery, with plans to open new theaters and screens in the coming years.

Fathom Events reintroduces classic B-movie commentary with RiffTrax Live: The Return of Swamp Thing, featuring Michael J. Nelson, Kevin Murphy, and Bill Corbett. The event, occurring for one night on August 18, 2022, invites audiences to enjoy comedic riffs on this cult classic sequel. Tickets are available through Fathom Events and participating theaters. Since 2009, the RiffTrax partnership with Fathom has successfully screened 33 titles, selling over 1.2 million tickets and grossing $14.6 million.

National CineMedia, Inc. (NASDAQ: NCMI) will announce its fiscal Q2 2022 earnings on August 8, 2022, post-market close. Following the release, a conference call is scheduled for 5:00 p.m. Eastern Time. The call can be accessed at (888) 220-8451, and a live audio webcast will be available on the company's website. The earnings release will highlight NCM's position as the largest cinema advertising network in the U.S., with a 47.4% ownership in NCM LLC.

Fathom Events, in partnership with LAIKA and Park Circus, is re-releasing the beloved animated film Coraline for one night only on August 15. This special event features a behind-the-scenes featurette titled "Coraline: A Handmade Fairytale". The 2009 film, directed by Henry Selick and based on Neil Gaiman's novella, presents a thrilling adventure as a young girl navigates a parallel reality. Tickets are currently available online and at participating theaters. Fathom Events is a leader in cinema distribution, including ownership by major companies like AMC and Cinemark.

Kathie Lee Gifford is set to bring her latest musical production, THE WAY, to theaters nationwide on September 1. This special event showcases a modern interpretation of key Biblical stories through orchestral arrangements and narration, featuring artists like Nicole C. Mullen and Danny Gokey. Gifford aims to revive interest in these ancient narratives among younger audiences. Tickets are available online and at theater box offices. Additionally, a companion book titled The God of the Way will be released on August 30, 2022.