The company, led by president and CEO Sean Gamble, who touted 'the strength of the second quarter’s film lineup,' saw admissions and concessions revenue rise sharply.
Despite that improved balance sheet, Cinemark president and CEO Sean Gamble warned analysts during a morning call that the on-going Hollywood actors and writers strike stood to delay production of future movies and shift dates for upcoming theatrical releases.
Gamble added Cinemark was “well situated to confront any ongoing fluctuations in content flow” due to its improved financial and operating footing coming out of the pandemic. For the three months to June 30, admissions revenue rose 25.3 percent to $478.4 million and concession revenue jumped 30.6 percent to $373.4 million, driven by higher overall attendance to 64.4 million patrons during the latest financial quarter.
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