Cinemark Revenue Rises 6.5% to $638.9 Million Despite Weak Q4 for Box Office

The threadbare movie slate in the final months of 2023 didn’t take too harsh of a toll on Cinemark’s Q4 earnings, as the theater chain reported quarterly revenue of $638.9 million on Friday morning.

That figure is above Cinemark’s revenue for Q4 2022, rising 6.5% from the $599.7 million grossed in that quarter when theaters struggled with a lack of major theatrical hits outside of “Black Panther: Wakanda Forever” and harsh winter storms hampered the Christmas box office even with the success of “Avatar: The Way of Water”

Other key figures:

• Quarterly loss: Cinemark reported an adjusted loss per share of 15 cents, better than the projected loss of 17 cents per share made by Zacks Investment Research.