Cinemark Holdings (NYSE: CNK) tops $1.1B in Q2 revenue
Rhea-AI Filing Summary
Cinemark Holdings reported record results for the quarter ended June 30, 2026. Total revenue rose 15.5% to $1,086.4 million, driven by admissions revenue of $540.0 million and concession revenue of $433.3 million, with attendance of 63.7 million patrons. Worldwide average ticket price was $8.48 and concession revenue per patron was $6.80. Net income attributable to Cinemark was $139.4 million, or $1.19 diluted EPS, compared with $93.5 million and $0.63 a year earlier.
Adjusted EBITDA reached an all‑time quarterly high of $294.0 million, with a second‑quarter Adjusted EBITDA margin of 27.1%. For the six months ended June 30, 2026, revenue increased 16.8% to $1,729.5 million, net income attributable was $133.0 million, and Adjusted EBITDA was $382.5 million. Cash and cash equivalents were $504.3 million and total long‑term debt was $1,876.8 million, while free cash flow for the first half of 2026 was $240.4 million. The company also returned $36 million to shareholders through share repurchases and dividends.
Positive
- Cinemark delivered $1,086.4 million in Q2 2026 revenue, up 15.5% year-over-year, with record quarterly Adjusted EBITDA of $294.0 million and a 27.1% Adjusted EBITDA margin.
- Net income attributable to Cinemark rose to $139.4 million in Q2 2026, or $1.19 diluted EPS, compared with $93.5 million and $0.63 a year earlier.
- For the six months ended June 30, 2026, total revenue increased 16.8% to $1,729.5 million, with free cash flow of $240.4 million and a cash balance of $504.3 million supporting a net leverage ratio of 2.0x.
Negative
- None.
8-K Event Classification
Key Figures
Key Terms
Adjusted EBITDA financial
free cash flow financial
constant currency financial
net leverage ratio financial
Regulation FD regulatory
forward-looking statements regulatory
Earnings Snapshot
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Common Stock, par value $0.001 per share |
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CNK |
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The New York Stock Exchange Texas |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On July 30, 2026, we announced our financial results for the quarter ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Use of Website to Distribute Material Company Information
We use our Investor Relations website as a means of disclosing material non-public information and for the purpose of complying with our disclosure obligations under Regulation FD. Therefore, we encourage investors, the media and others to review the information we post at https://ir.cinemark.com.
Item 7.01 Regulation FD Disclosure.
On July 30, 2026, we announced our financial results for the quarter ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
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Exhibit Description |
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99.1 |
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Earnings press release dated July 30, 2026 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
The information furnished pursuant to Items 2.02 and 7.01 of this Current Report on Form 8-K, including the exhibits, shall not be deemed to be incorporated by reference into any of our filings with the SEC under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing, and shall not be deemed to be “filed” with the SEC under the Securities Exchange Act of 1934, as amended.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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CINEMARK HOLDINGS, INC. |
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Date: July 30, 2026 |
By: |
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/s/ Michael D. Cavalier |
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Name: |
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Michael D. Cavalier |
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Executive Vice President - General Counsel |
Exhibit 99.1
CINEMARK HOLDINGS, INC. REPORTS SECOND QUARTER 2026 RESULTS
Generated all-time high quarterly revenue of $1.1 billion with records across all major revenue categories
Delivered Net Income of $141 million, an increase of nearly 50% year-over-year
Achieved our highest quarterly Adjusted EBITDA in Company history of $294 million,
with a record second quarter Adjusted EBITDA margin of 27.1%
Plano, TX, July 30, 2026 – Cinemark Holdings, Inc. (NYSE: CNK), one of the largest and most influential theatrical exhibition companies in the world, today reported results for the three and six months ended June 30, 2026.
“We are thrilled to report that Cinemark delivered historic results in the second quarter with all-time quarterly highs in revenue and Adjusted EBITDA, both domestically and internationally. Our achievements reflect the significant progress we’ve made enhancing our consumer offerings, scaling revenue opportunities and further optimizing our business, combined with the impact of solid operating rigor in a robust box office environment.” stated Sean Gamble, Cinemark’s President and Chief Executive Officer. “We commend our sensational team for their outstanding execution, and we applaud our studio partners for delivering such a fulsome and compelling slate of films that meaningfully connected with audiences throughout the quarter.”
Q2 2026 Earnings Highlights
1
Financial Results
Cinemark Holdings, Inc.’s total revenue for the three months ended June 30, 2026 increased 15.5% to $1,086.4 million compared with $940.5 million for the three months ended June 30, 2025. For the three months ended June 30, 2026, admissions revenue was $540.0 million while concession revenue was $433.3 million, with attendance of 63.7 million patrons. Worldwide average ticket price was $8.48 and concession revenue per patron was $6.80.
Net income attributable to Cinemark Holdings, Inc. for the three months ended June 30, 2026 was $139.4 million compared with $93.5 million for the three months ended June 30, 2025. Diluted earnings per share for the three months ended June 30, 2026 was $1.19 compared with $0.63 for the three months ended June 30, 2025.
Adjusted EBITDA for the three months ended June 30, 2026 was $294.0 million compared with $232.2 million for the three months ended June 30, 2025. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release and at https://ir.cinemark.com.
Cinemark Holdings, Inc.’s total revenue for the six months ended June 30, 2026 increased 16.8% to $1,729.5 million compared with $1,481.2 million for the six months ended June 30, 2025. For the six months ended June 30, 2026, admissions revenue was $851.4 million while concession revenue was $688.5 million, with attendance of 102.7 million patrons. Worldwide average ticket price was $8.29 and concession revenue per patron was $6.70.
Net income attributable to Cinemark Holdings, Inc. for the six months ended June 30, 2026 was $133.0 million compared with $54.6 million for the six months ended June 30, 2025. Diluted earnings per share for the six months ended June 30, 2026 was $1.13 compared with $0.38 for the six months ended June 30, 2025.
Adjusted EBITDA for the six months ended June 30, 2026 was $382.5 million compared with $268.6 million for the six months ended June 30, 2025. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release and at https://ir.cinemark.com.
Prepared Earnings Remarks and Conference Call Information
In conjunction with this release, Cinemark will post an earnings executive commentary at https://ir.cinemark.com and will host a live webcast today at 8:30 am ET.
To access the webcast go to https://event.choruscall.com/mediaframe/webcast.html?webcastid=PQdrLCpN. A replay will be available following the call and archived for a limited time.
About Cinemark Holdings, Inc.
Cinemark Holdings, Inc. (NYSE: CNK) provides extraordinary out-of-home entertainment experiences as one of the largest and most influential theatrical exhibition companies in the world. Based in Plano, Texas, Cinemark makes every day cinematic for moviegoers across nearly 500 theaters and more than 5,500 screens, operating in 42 states in the U.S. (301 theaters; 4,219 screens) and 13 South and Central American countries (194 theaters; 1,401 screens). Cinemark offers guests superior sight and sound technology, including Barco laser projection and Cinemark XD, the world’s No. 1 exhibitor-branded premium large format; industry-leading penetration of upscale amenities such as expanded food and beverage offerings, Luxury Lounger recliners and D-BOX motion seats; top-notch guest service; and award-winning loyalty programs such as Cinemark Movie Club. All of this creates an immersive environment for a shared, entertaining escape, underscoring that there is no place more cinematic than Cinemark. For more information go to https://ir.cinemark.com.
Investor Relations Contact:
Chanda Brashears – 972-665-1671 or cbrashears@cinemark.com
Media Contact:
Julia McCartha – 972-665-1322 or pr@cinemark.com
2
Forward-looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on information currently available as well as management’s assumptions and beliefs today. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from the results expressed or implied by the statements, and investors should not place undue reliance on them. Risks and uncertainties that could cause actual results to differ materially from such statements include:
You can identify forward-looking statements by the use of words such as “may,” “should,” “could,” “estimates,” “predicts,” “potential,” “continue,” “anticipates,” “believes,” “plans,” “expects,” “future” and “intends” and similar expressions which are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict. Such risks and uncertainties could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. In evaluating forward-looking statements, you should carefully consider the risks and uncertainties described in the “Risk Factors” section or other sections in the Company's Annual Report on Form 10-K filed February 18, 2026. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements and risk factors. Forward-looking statements contained in this press release reflect our view only as of the date of this press release. We undertake no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
3
Cinemark Holdings, Inc.
Financial and Operating Summary
(unaudited, in millions, except per share amounts)
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Statement of income data: |
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Revenue |
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Admissions |
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$ |
540.0 |
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$ |
467.1 |
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$ |
851.4 |
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$ |
731.2 |
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Concession |
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433.3 |
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377.7 |
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688.5 |
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588.1 |
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Other |
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113.1 |
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95.7 |
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189.6 |
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161.9 |
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Total revenue |
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$ |
1,086.4 |
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$ |
940.5 |
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$ |
1,729.5 |
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$ |
1,481.2 |
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Cost of operations |
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Film rentals and advertising |
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311.9 |
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270.8 |
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481.6 |
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412.2 |
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Concession supplies |
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82.0 |
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73.1 |
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130.5 |
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117.4 |
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Salaries and wages |
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116.6 |
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109.4 |
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211.0 |
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199.7 |
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Facility lease expense |
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89.0 |
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82.9 |
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169.9 |
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161.2 |
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Utilities and other |
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136.7 |
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124.7 |
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251.4 |
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230.4 |
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General and administrative expenses |
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62.8 |
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54.1 |
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118.9 |
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108.6 |
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Depreciation and amortization |
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51.6 |
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49.4 |
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103.2 |
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98.9 |
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Impairment of long-lived and other assets |
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— |
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1.6 |
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— |
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1.6 |
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Loss (gain) on disposal of assets and other |
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2.8 |
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1.0 |
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6.5 |
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(3.1 |
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Total cost of operations |
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853.4 |
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767.0 |
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1,473.0 |
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1,326.9 |
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Operating income |
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233.0 |
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173.5 |
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256.5 |
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154.3 |
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Other income (expense) |
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Interest expense |
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(31.3 |
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(39.4 |
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(66.0 |
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(77.9 |
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Loss on debt amendments and extinguishments |
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(2.8 |
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(1.5 |
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(2.8 |
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(1.5 |
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Other income, net |
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4.3 |
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4.6 |
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5.7 |
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9.0 |
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Income before income taxes |
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203.2 |
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137.2 |
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193.4 |
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83.9 |
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Income tax expense |
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62.4 |
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42.5 |
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58.4 |
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27.8 |
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Net income |
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$ |
140.8 |
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$ |
94.7 |
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$ |
135.0 |
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$ |
56.1 |
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Less: Net income attributable to noncontrolling interests |
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1.4 |
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1.2 |
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2.0 |
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1.5 |
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Net income attributable to Cinemark Holdings, Inc. |
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$ |
139.4 |
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$ |
93.5 |
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$ |
133.0 |
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$ |
54.6 |
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Net income per share attributable to Cinemark Holdings, Inc.'s common stockholders |
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Basic |
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$ |
1.20 |
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$ |
0.81 |
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$ |
1.14 |
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$ |
0.46 |
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Diluted |
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$ |
1.19 |
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$ |
0.63 |
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$ |
1.13 |
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$ |
0.38 |
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Weighted average shares outstanding |
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Basic |
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115.2 |
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113.5 |
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115.0 |
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116.4 |
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Diluted |
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116.4 |
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149.1 |
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116.6 |
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155.0 |
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4
Other Operating Data
(unaudited, in millions)
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As of |
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June 30, 2026 |
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December 31, 2025 |
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Balance sheet data: |
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Cash and cash equivalents |
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$ |
504.3 |
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$ |
344.3 |
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Theater properties and equipment, net |
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$ |
1,169.2 |
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$ |
1,175.8 |
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Total assets |
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$ |
4,553.6 |
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$ |
4,433.9 |
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Total long-term debt, net of unamortized debt issuance costs and original issue discount |
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$ |
1,876.8 |
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$ |
1,875.6 |
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Total equity |
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$ |
505.1 |
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$ |
413.8 |
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Six Months Ended June 30, |
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2026 |
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2025 |
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Cash flows provided by (used for): |
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Operating activities (1) |
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$ |
339.7 |
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$ |
156.8 |
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Investing activities |
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$ |
(99.1 |
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$ |
(45.2 |
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Financing activities |
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$ |
(80.7 |
) |
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$ |
(246.3 |
) |
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Six Months Ended June 30, |
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2026 |
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2025 |
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Reconciliation of free cash flow: |
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Cash flows provided by operating activities |
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$ |
339.7 |
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$ |
156.8 |
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Less: capital expenditures |
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99.3 |
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52.2 |
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Free cash flow |
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$ |
240.4 |
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$ |
104.6 |
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Segment Information
(unaudited, in millions, except per patron data)
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U.S. Reportable Segment |
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International Reportable Segment |
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Consolidated |
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Three Months Ended June 30, |
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Three Months Ended June 30, |
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Three Months Ended June 30, |
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Revenue and Attendance |
2026 |
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2025 |
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2026 |
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2025 |
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Constant |
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2026 |
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2025 |
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Admissions revenue |
$ |
434.4 |
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$ |
383.4 |
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$ |
105.6 |
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$ |
83.7 |
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$ |
102.9 |
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$ |
540.0 |
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$ |
467.1 |
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Concession revenue |
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348.9 |
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307.6 |
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84.4 |
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70.1 |
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81.7 |
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433.3 |
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377.7 |
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Other revenue |
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76.7 |
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68.3 |
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36.4 |
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27.4 |
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35.5 |
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113.1 |
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|
95.7 |
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Total revenue |
$ |
860.0 |
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$ |
759.3 |
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$ |
226.4 |
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$ |
181.2 |
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$ |
220.1 |
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$ |
1,086.4 |
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$ |
940.5 |
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Attendance |
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40.1 |
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36.9 |
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23.6 |
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21.0 |
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63.7 |
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57.9 |
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Average ticket price |
$ |
10.83 |
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$ |
10.39 |
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$ |
4.47 |
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$ |
3.99 |
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$ |
4.36 |
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$ |
8.48 |
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$ |
8.07 |
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Concession revenue per patron |
$ |
8.70 |
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$ |
8.34 |
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$ |
3.58 |
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$ |
3.34 |
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$ |
3.46 |
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$ |
6.80 |
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$ |
6.52 |
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Cost of Operations |
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|
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Film rentals and advertising |
$ |
258.4 |
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$ |
227.7 |
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$ |
53.5 |
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$ |
43.1 |
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$ |
52.2 |
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|
$ |
311.9 |
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$ |
270.8 |
|
Concession supplies |
$ |
62.6 |
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$ |
57.0 |
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$ |
19.4 |
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$ |
16.1 |
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|
$ |
18.7 |
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|
$ |
82.0 |
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|
$ |
73.1 |
|
Salaries and wages |
$ |
95.0 |
|
|
$ |
90.9 |
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|
$ |
21.6 |
|
|
$ |
18.5 |
|
|
$ |
21.1 |
|
|
$ |
116.6 |
|
|
$ |
109.4 |
|
Facility lease expense |
$ |
63.5 |
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|
$ |
62.2 |
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$ |
25.5 |
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|
$ |
20.7 |
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|
$ |
24.4 |
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|
$ |
89.0 |
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|
$ |
82.9 |
|
Utilities and other |
$ |
104.5 |
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|
$ |
97.7 |
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|
$ |
32.2 |
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|
$ |
27.0 |
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|
$ |
31.4 |
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|
$ |
136.7 |
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|
$ |
124.7 |
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U.S. Reportable Segment |
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International Reportable Segment |
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Consolidated |
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Six Months Ended June 30, |
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Six Months Ended June 30, |
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Six Months Ended June 30, |
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Revenue and Attendance |
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
Constant |
|
|
2026 |
|
|
2025 |
|
|||||||
Admissions revenue |
$ |
688.2 |
|
|
$ |
591.0 |
|
|
$ |
163.2 |
|
|
$ |
140.2 |
|
|
$ |
160.2 |
|
|
$ |
851.4 |
|
|
$ |
731.2 |
|
Concession revenue |
|
555.7 |
|
|
|
472.0 |
|
|
|
132.8 |
|
|
|
116.1 |
|
|
|
129.4 |
|
|
|
688.5 |
|
|
|
588.1 |
|
Other revenue |
|
130.8 |
|
|
|
113.4 |
|
|
|
58.8 |
|
|
|
48.5 |
|
|
|
58.2 |
|
|
|
189.6 |
|
|
|
161.9 |
|
Total revenue |
$ |
1,374.7 |
|
|
$ |
1,176.4 |
|
|
$ |
354.8 |
|
|
$ |
304.8 |
|
|
$ |
347.8 |
|
|
$ |
1,729.5 |
|
|
$ |
1,481.2 |
|
Attendance |
|
64.2 |
|
|
|
57.5 |
|
|
|
38.5 |
|
|
|
37.0 |
|
|
|
|
|
|
102.7 |
|
|
|
94.5 |
|
|
Average ticket price |
$ |
10.72 |
|
|
$ |
10.28 |
|
|
$ |
4.24 |
|
|
$ |
3.79 |
|
|
$ |
4.16 |
|
|
$ |
8.29 |
|
|
$ |
7.74 |
|
Concession revenue per patron |
$ |
8.66 |
|
|
$ |
8.21 |
|
|
$ |
3.45 |
|
|
$ |
3.14 |
|
|
$ |
3.36 |
|
|
$ |
6.70 |
|
|
$ |
6.22 |
|
Cost of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
Film rentals and advertising |
$ |
399.3 |
|
|
$ |
340.9 |
|
|
$ |
82.3 |
|
|
$ |
71.3 |
|
|
$ |
81.0 |
|
|
$ |
481.6 |
|
|
$ |
412.2 |
|
Concession supplies |
$ |
100.4 |
|
|
$ |
90.8 |
|
|
$ |
30.1 |
|
|
$ |
26.6 |
|
|
$ |
29.2 |
|
|
$ |
130.5 |
|
|
$ |
117.4 |
|
Salaries and wages |
$ |
172.2 |
|
|
$ |
165.5 |
|
|
$ |
38.8 |
|
|
$ |
34.2 |
|
|
$ |
38.2 |
|
|
$ |
211.0 |
|
|
$ |
199.7 |
|
Facility lease expense |
$ |
125.8 |
|
|
$ |
122.4 |
|
|
$ |
44.1 |
|
|
$ |
38.8 |
|
|
$ |
42.3 |
|
|
$ |
169.9 |
|
|
$ |
161.2 |
|
Utilities and other |
$ |
193.3 |
|
|
$ |
179.5 |
|
|
$ |
58.1 |
|
|
$ |
50.9 |
|
|
$ |
57.2 |
|
|
$ |
251.4 |
|
|
$ |
230.4 |
|
(1) Constant currency amounts, which are non-GAAP measurements, were calculated using the average exchange rate for the corresponding month for 2025. We translate the results of our international reportable segment from local currencies into U.S. dollars using currency rates in effect at different points in time in accordance with U.S. GAAP. Significant changes in foreign currency exchange rates from one period to the next can result in meaningful variations in reported results. We are providing constant currency amounts for our international reportable segment to present a period-to-period comparison of business performance that excludes the impact of foreign currency fluctuations.
5
Other Segment Information
(unaudited, in millions)
|
|
Three Months Ended |
|
|
Six Months Ended |
|
||||||||||
|
|
June 30, |
|
|
June 30, |
|
||||||||||
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
||||
Adjusted EBITDA (1) |
|
|
|
|
|
|
|
|
|
|
|
|
||||
U.S. |
|
$ |
234.0 |
|
|
$ |
188.1 |
|
|
$ |
308.7 |
|
|
$ |
208.1 |
|
International |
|
|
60.0 |
|
|
|
44.1 |
|
|
|
73.8 |
|
|
|
60.5 |
|
Total Adjusted EBITDA (1) |
|
$ |
294.0 |
|
|
$ |
232.2 |
|
|
$ |
382.5 |
|
|
$ |
268.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Capital expenditures |
|
|
|
|
|
|
|
|
|
|
|
|
||||
U.S. |
|
$ |
48.7 |
|
|
$ |
25.0 |
|
|
$ |
77.6 |
|
|
$ |
41.9 |
|
International |
|
|
12.9 |
|
|
|
5.1 |
|
|
|
21.7 |
|
|
|
10.3 |
|
Total capital expenditures |
|
$ |
61.6 |
|
|
$ |
30.1 |
|
|
$ |
99.3 |
|
|
$ |
52.2 |
|
Reconciliation of Adjusted EBITDA
(unaudited, in millions)
|
|
Three Months Ended |
|
|
Six Months Ended |
|
||||||||||
|
|
June 30, |
|
|
June 30, |
|
||||||||||
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
||||
Net income |
|
$ |
140.8 |
|
|
$ |
94.7 |
|
|
$ |
135.0 |
|
|
$ |
56.1 |
|
Add (deduct): |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Income tax expense |
|
|
62.4 |
|
|
|
42.5 |
|
|
|
58.4 |
|
|
|
27.8 |
|
Interest expense (1) |
|
|
31.3 |
|
|
|
39.4 |
|
|
|
66.0 |
|
|
|
77.9 |
|
Other income, net |
|
|
(4.3 |
) |
|
|
(4.6 |
) |
|
|
(5.7 |
) |
|
|
(9.0 |
) |
Cash distributions from equity investees (2) |
|
|
0.4 |
|
|
|
1.9 |
|
|
|
4.3 |
|
|
|
6.7 |
|
Depreciation and amortization |
|
|
51.6 |
|
|
|
49.4 |
|
|
|
103.2 |
|
|
|
98.9 |
|
Impairment of long-lived and other assets |
|
|
— |
|
|
|
1.6 |
|
|
|
— |
|
|
|
1.6 |
|
Gain on disposal of assets and other |
|
|
2.8 |
|
|
|
1.0 |
|
|
|
6.5 |
|
|
|
(3.1 |
) |
Loss on debt amendments and extinguishments |
|
|
2.8 |
|
|
|
1.5 |
|
|
|
2.8 |
|
|
|
1.5 |
|
Non-cash rent expense |
|
|
(2.7 |
) |
|
|
(2.8 |
) |
|
|
(5.6 |
) |
|
|
(5.6 |
) |
Share-based awards compensation expense (3) |
|
|
8.9 |
|
|
|
7.6 |
|
|
|
17.6 |
|
|
|
15.8 |
|
Adjusted EBITDA |
|
$ |
294.0 |
|
|
$ |
232.2 |
|
|
$ |
382.5 |
|
|
$ |
268.6 |
|
6