Cinemark Posts Record Third-Quarter Revenue on Strong Film Slate
Cinemark reported record third-quarter revenue and beat expectations, citing summer film releases and higher concession and merchandise sales. Global admissions revenue reached $531 million, while concessions revenue rose to a record.
By Janet H. ChoCinemark notched record third-quarter revenue and beat expectations on a strong slate of summer film releases and surging concession and merchandise sales, fueled by loyalty programs.Global admissions revenue reached $531 million, while concessions revenue rose to a record $414 milli…