Cinemark Announces Record Q4 Revenue and 560K Movie Club Members
Movie Club’s first year exceeded all expectations.
Last week, Cinemark Holdings, Inc. (NYSE: CNK) reported its fourth quarter and full year 2018 results, including all-time high Q4 revenues of $798.5 million, a 6.5 percent increase year-over-year. Admissions revenue was $445.1 million, 0.4 percent increase; concession revenue was $277.5 million, a 6.3 percent increase; and other revenue was $75.9 million, a 67.6 percent increase. Equally impressive are Cinemark’s Movie Club statistics which CEO Mark Zoradi discussed on the company’s February 22 earnings call.
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