Cinemark (CNK) investor relations material

Executive summary

• Achieved strongest first quarter since the pandemic, with revenue up 19% year-over-year to $643 million and adjusted EBITDA up 143% to $88.5 million, driven by box office recovery, impactful programming, and record-high concession sales.

• Net loss narrowed significantly to $(5.8) million from $(38.6) million year-over-year, reflecting improved operating leverage.

• Market share gains sustained in both U.S. and Latin America, with Movie Club and loyalty programs driving customer engagement.

• Continued investments in premium amenities, technology, and theater upkeep to enhance guest experience.

• Achieved record food and beverage per capita sales domestically and internationally.

Financial highlights

• Worldwide revenue increased 19% year-over-year to $643 million, with admissions revenue at $311.4 million and concession revenue at $255.2 million.

• Adjusted EBITDA rose 143% to $88.5 million, with margin expanding by 710 basis points.

• Operating income improved to $23.5 million from a loss of $(19.2) million year-over-year.

• Cash and cash equivalents at quarter-end were $261.7 million.

• Domestic concession per caps grew 7.5% year-over-year, mainly from strategic pricing and larger core product sizes.

Outlook and guidance

• Management expresses confidence in long-term growth prospects due to a solid financial position, positive industry fundamentals, and robust upcoming film slate.

• Marketing spend as a percentage of revenue expected to increase in 2026, reflecting strong returns.

• Optimistic about Latin America performance for the remainder of the year, with a strong film slate anticipated.

• Expect continued margin expansion as box office and attendance improve year-over-year.

• Management expects sufficient liquidity to meet obligations for the next twelve months and beyond.