Cinemark (CNK) Q4 2025 earnings summary

Executive summary

• Achieved a post-pandemic high worldwide revenue of $3.1 billion for FY 2025, with net income of $138 million and Adjusted EBITDA of $578 million at an 18.6% margin, driven by market share expansion and record achievements.

• Entertained 193 million guests across 14 countries, with record box office, concession, and enhanced format revenues.

• Expanded market share by over 150 basis points in both U.S. and Latin America versus pre-pandemic levels, outperforming the North American industry in 15 of the past 17 years.

• Returned $315 million to shareholders via dividends and buybacks, and reinvested $219 million in capital expenditures.

• Movie Club membership exceeded 1.45 million, up over 5% year-over-year and 55% since 2019, driving 30% of domestic box office.

Financial highlights

• FY 2025 revenue reached $3.1 billion, a post-pandemic high and within 5% of 2019 levels.

• Adjusted EBITDA for FY 2025 was $578 million, with an 18.6% margin.

• Operating cash flow was $396 million; free cash flow was $177 million, reflecting increased capital investments.

• FY 2025 net income was $138.2 million, down from $309.7 million in FY 2024; diluted EPS was $1.04.

• Entertained 193 million guests in FY 2025.

Outlook and guidance

• 2026 expected to benefit from a robust film lineup and wide releases approaching pre-pandemic levels, with anticipated margin expansion and higher box office and attendance.

• Notable 2026 and 2027 film slates include major franchise releases, supporting continued box office momentum.

• Moderate year-over-year growth in concession per cap and average ticket prices projected for 2026, with further pricing and premium offering opportunities.

• Board declared a quarterly cash dividend of $0.09 per share, payable March 17, 2026.

• Strategic initiatives focus on audience expansion, new revenue streams, and operating capability enhancements.