Cinemark posted a dramatically smaller loss for the first quarter, besting analyst expectations as the national theater chain saw customers return to the movies in droves.
The Plano, Texas-based company said revenue leaped 32% to $610.7 million for the three months ended March 31, compared with $460.5 million for the 2022 first quarter. Analysts polled by Zacks Investment Services had on average expected revenue of $569 million, and the actual figure exceeded even the highest estimate tracked by the service.
The company noted that the volume of wide-release theatrical films in the quarter increased by more than 25% over the 2022 period. Full-year volume is tracking better than expected, with 110 wide-release films on the docket.
Also Read:
AMC Cuts Q1 Loss by 30% Ahead of Big Summer Box Office, Topping Wall Street Expectations
Admissions revenue soared 32% to $311 million, including $244.7 million in the U.S., up 27.5% from last year. Concession revenue leaped 36% to $235.8 million, including $186.8 million in the U.S.
The Plano, Texas-based company said revenue leaped 32% to $610.7 million for the three months ended March 31, compared with $460.5 million for the 2022 first quarter. Analysts polled by Zacks Investment Services had on average expected revenue of $569 million, and the actual figure exceeded even the highest estimate tracked by the service.
The company noted that the volume of wide-release theatrical films in the quarter increased by more than 25% over the 2022 period. Full-year volume is tracking better than expected, with 110 wide-release films on the docket.
Also Read:
AMC Cuts Q1 Loss by 30% Ahead of Big Summer Box Office, Topping Wall Street Expectations
Admissions revenue soared 32% to $311 million, including $244.7 million in the U.S., up 27.5% from last year. Concession revenue leaped 36% to $235.8 million, including $186.8 million in the U.S.
- 5/5/2023
- by Jeremy Fuster and Eileen AJ Connelly
- The Wrap
Wednesday night was the premiere of “The Gray Man,” the Russo Brothers’ ambitious action thriller that, with a budget of 200 million, is the most expensive movie Netflix has ever made. On Thursday, the review embargo for the film lifted, bringing with it a generally underwhelmed response from critics.
The film stars Ryan Gosling and Chris Evans as Court Gentry and Lloyd Hansen. Gentry is on the run from Hansen after coming into possession of top-secret CIA information, and Hansen is unforgiving in his efforts to chase Gentry down. Ana de Armas also stars as Dani Miranda, alongside Regé-Jean Page, Jessica Henwick, Julia Butters, Dhanush, Alfre Woodard and Billy Bob Thornton.
Overall, most critics agree that “The Gray Man” is an over-the-top attempt by Netflix to capture the magic of blockbuster thrillers like the 007 movies. Gosling, Evans, de Armas and their co-stars show their talents, but the majority of reviews...
The film stars Ryan Gosling and Chris Evans as Court Gentry and Lloyd Hansen. Gentry is on the run from Hansen after coming into possession of top-secret CIA information, and Hansen is unforgiving in his efforts to chase Gentry down. Ana de Armas also stars as Dani Miranda, alongside Regé-Jean Page, Jessica Henwick, Julia Butters, Dhanush, Alfre Woodard and Billy Bob Thornton.
Overall, most critics agree that “The Gray Man” is an over-the-top attempt by Netflix to capture the magic of blockbuster thrillers like the 007 movies. Gosling, Evans, de Armas and their co-stars show their talents, but the majority of reviews...
- 7/14/2022
- by Sasha Urban
- Variety Film + TV
Bet has named Scott M. Mills as the network’s new president. Current president Debra L. Lee will stay on as chairman and CEO, the Viacom-owned asset announced Thursday. Mills will take on day-to-day tasks and strategy at Bet starting Jan. 1, 2018, with Lee set to focus on relationships with their external stakeholders and communities. Michael Armstrong will remain general manager and report to Mills. “Today, Bet is thriving as the #1 network for African American audiences, and we continue to see strong growth in ratings, share and social engagement,” Lee says. “I have spent more than 20 years leading this incredible enterprise.
- 12/14/2017
- by Jennifer Maas
- The Wrap
Bet Networks has named Viacom executive and former Bet boss Scott M. Mills as president, a role in which he will oversee overall strategy and day-to-day operations of Bet Networks including oversight of the brand's programming, ad sales and digital teams. Debra Lee will continue in her chairman and CEO role but is stepping back from running the network, and will serve as an advisor to Mills. Michael Armstrong will continue in his position as Gm, and as part of the…...
- 12/14/2017
- Deadline TV
Robert Goodwin and Scott McCulloch have reacted to being fired from The Apprentice in tonight's double elimination.
The pair spoke to Dara Ó Briain on The Apprentice: You're Fired about their experiences on the show.
Apprentice episode 2 review: Balls on the line and arse covering
Asked if he thought Lord Sugar might let him off the hook after the wearable tech task, Goodwin replied: "There was a side of me that thought, 'I've got away with this'."
He discussed how being in the final boardroom on the first show affected him second time out, saying: "A part of me just felt, 'I need to hide back a little bit'."
Goodwin specialises in fashion, but admitted that the task didn't quite suit him, claiming he wasn't sure wearable technology and fashion were compatible concepts.
Speaking about hiding away in his final challenge, he said: "In hindsight, obviously I would 100% make...
The pair spoke to Dara Ó Briain on The Apprentice: You're Fired about their experiences on the show.
Apprentice episode 2 review: Balls on the line and arse covering
Asked if he thought Lord Sugar might let him off the hook after the wearable tech task, Goodwin replied: "There was a side of me that thought, 'I've got away with this'."
He discussed how being in the final boardroom on the first show affected him second time out, saying: "A part of me just felt, 'I need to hide back a little bit'."
Goodwin specialises in fashion, but admitted that the task didn't quite suit him, claiming he wasn't sure wearable technology and fashion were compatible concepts.
Speaking about hiding away in his final challenge, he said: "In hindsight, obviously I would 100% make...
- 10/15/2014
- Digital Spy
Lord Sugar fired two Apprentice candidates in a shock twist in tonight's second episode of the series, axing one hopeful even before they got the chance to defend themselves in the final boardroom.
The new 20-candidate format means multiple firings will be common place in the new series and this evening's wearable tech challenge ended up being the end of the road for Robert Goodwin and Scott McCulloch.
The Apprentice series 10 premiere attracts 6.6 million - Up on last year
The Apprentice episode 1 review: Moral turpitude and short skirts
The boys' team, who were led by Scott, failed to get any orders for their camera jumper from any of the three major retailers. The girls managed to flog 250 units of their suit jacket that had flashing lights, solar panel shoulder pads, a heating system and a phone charging facility.
After the results were read out, Lord Sugar didn't even give Robert...
The new 20-candidate format means multiple firings will be common place in the new series and this evening's wearable tech challenge ended up being the end of the road for Robert Goodwin and Scott McCulloch.
The Apprentice series 10 premiere attracts 6.6 million - Up on last year
The Apprentice episode 1 review: Moral turpitude and short skirts
The boys' team, who were led by Scott, failed to get any orders for their camera jumper from any of the three major retailers. The girls managed to flog 250 units of their suit jacket that had flashing lights, solar panel shoulder pads, a heating system and a phone charging facility.
After the results were read out, Lord Sugar didn't even give Robert...
- 10/15/2014
- Digital Spy
Chiles Cartwright has become the first candidate to be fired from this series of The Apprentice.
The 35-year-old company director was sent home by Lord Alan Sugar in tonight's episode after the men's team - Team Summit - lost out to the women in a classic selling task.
Cartwright was brought into the boardroom by project manager Felipe Alviar-Baquero alongside Robert Goodwin, but was sent home by Lord Sugar after making the fateful decision to leave a shipment of T-shirts at the printers instead of trying to sell them.
Goodwin had also appeared in danger for his choice to try to add value to hotdogs with fancy ingredients, as Lord Sugar told him: "I'm not interested in your Shoreditch yuppy arty farty bollocks."
However, he later said: "What frustrates me is the hot dogs, you threw it away. But what frustrates me even more is that those T-shirts are still sitting at the printer.
The 35-year-old company director was sent home by Lord Alan Sugar in tonight's episode after the men's team - Team Summit - lost out to the women in a classic selling task.
Cartwright was brought into the boardroom by project manager Felipe Alviar-Baquero alongside Robert Goodwin, but was sent home by Lord Sugar after making the fateful decision to leave a shipment of T-shirts at the printers instead of trying to sell them.
Goodwin had also appeared in danger for his choice to try to add value to hotdogs with fancy ingredients, as Lord Sugar told him: "I'm not interested in your Shoreditch yuppy arty farty bollocks."
However, he later said: "What frustrates me is the hot dogs, you threw it away. But what frustrates me even more is that those T-shirts are still sitting at the printer.
- 10/14/2014
- Digital Spy
The Apprentice is back, and this year twenty fresh-faced contestants prepare to battle it out for Lord Sugar's attention.
Digital Spy presents profiles of all the hopefuls below:
1. Bianca Miller – 25
Bianca is the owner of a personal branding company from London. She is a determined and ambitious candidate, but admits she can be pedantic at times. After graduating, she worked in Hr before setting up her own business at the age of 23.
She says: "I regret not becoming a scientist so I could clone myself and be more successful in half the time."
2. Chiles Cartwright – 35
Chiles is a company director from Shropshire. He is the owner of two companies, and has nine years experience of working in management for international brands. He also holds a black belt in karate.
He says: "I consider myself one of the most credible candidates in this process. I don't believe that anyone has...
Digital Spy presents profiles of all the hopefuls below:
1. Bianca Miller – 25
Bianca is the owner of a personal branding company from London. She is a determined and ambitious candidate, but admits she can be pedantic at times. After graduating, she worked in Hr before setting up her own business at the age of 23.
She says: "I regret not becoming a scientist so I could clone myself and be more successful in half the time."
2. Chiles Cartwright – 35
Chiles is a company director from Shropshire. He is the owner of two companies, and has nine years experience of working in management for international brands. He also holds a black belt in karate.
He says: "I consider myself one of the most credible candidates in this process. I don't believe that anyone has...
- 10/7/2014
- Digital Spy
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