Cinemark Holdings Third Quarter 2022 Results: Revenues Beat Expectations, EPS Lags


Cinemark Holdings (NYSE:CNK) Third Quarter 2022 Results

Main financial results

  • Revenue: $650.4 million (up 50% compared to Q3 2021).
  • Net loss: $24.5 million (loss reduced by 68% compared to Q3 2021).
  • Loss of $0.21 per share (improving from the loss of $0.65 in 3Q 2021).
NYSE: CNK Earnings and Revenue Growth November 6, 2022

All figures shown in the table above are for the 12 month period (TTM)

Cinemark Holdings revenue beats expectations, EPS falls short

Revenue beat analysts’ estimates by 5.9%. Earnings per share (EPS) missed analysts’ estimates by 19%.

Going forward, revenue is expected to grow by an average of 7.5% per year over the next 3 years, compared to a growth forecast of 9.5% for the entertainment industry in the United States.

Performance of the American entertainment industry.

Shares of the company are up 7.6% from a week ago.

Balance sheet analysis

Although it is very important to consider the income statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on the health of Cinemark Holdings’ balance sheet.

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Find out if Cinemark Holdings is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

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