Industry News
Hollywood Reporter
Posted on May 02, 2025 @ 4:05 AM PT

Cinemark Swings to First-Quarter Loss Amid “Suppressed Box Office Environment”

1 min read

On Thursday, Cinemark was the first of major cinema chain to report its first quarter earnings, and the results confirmed what most have been expecting, that it was a very bad period for exhibitors. Even though Cinemark is widely viewed as the best run of the big three U.S. exhibitors, its poor performance showed that even a well-run operation can’t outrun a depressed box office.

Cinemark posted $541 million in revenue for the period, a 7% decline from the first quarter of 2024, and a loss of $39 million compared to a $25 million profit in the same period last year. Revenue from ticket sales dipped 8.9% to $264.1 million, and concessions revenue fell 6.2% to $210.4 million. The total number of attendees fell 7.8% to 36.6 million patrons. These numbers were in line with overall quarterly trends in the domestic exhibition industry.

In a statement to investors, Cinemark CEO Sean Gamble gave an upbeat framing of the down quarter. After admitting that the first quarter was a disappointment, he emphasized the strong rebound of the past five weeks, which resulted in “nearly doubling their admissions in April.”

Gamble was also optimistic about the prospect of a strong film slate for the remainder of 2025 and touted the increased presence of Amazon in the marketplace, with its “highly encouraging” plan to release 14 titles theatrically in 2026.

Read original article at Hollywood Reporter

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Waiver of Class or Other Non-Individualized Relief.ALL DISPUTES, CLAIMS, AND REQUESTS FOR RELIEF WITHIN THE SCOPE OF THIS ARBITRATION AGREEMENT MUST BE ARBITRATED ON AN INDIVIDUAL BASIS AND NOT ON A CLASS OR COLLECTIVE BASIS, ONLY INDIVIDUAL RELIEF IS AVAILABLE, AND CLAIMS OF MORE THAN ONE CUSTOMER OR USER CANNOT BE ARBITRATED OR CONSOLIDATED WITH THOSE OF ANY OTHER CUSTOMER OR USER. If a decision is issued stating that applicable law precludes enforcement of any of this subsection’s limitations as to a given dispute, claim, or request for relief, then such aspect must be severed from the arbitration and brought into the State or Federal Courts located in the Commonwealth of Massachusetts. All other disputes, claims, or requests for relief shall be arbitrated.
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