Mark Zoradi pandemic reports Progressive the summer Mark Zoradi

Cinemark Lost $78 Million in the Summer Quarter

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thewrap.com

Yahoo Finance. Cinemark reported a loss of 65 cents per share on $434.8 million in revenue.Admissions revenues were $225.5 million and concession revenues were $164.2 million, Cinemark reported on Friday.

Attendance was 30.7 million patrons. The average ticket price was $7.35 and concession revenues per patron were $5.35.As of Sept.

30, 2021, the company’s aggregate screen count was 5,897. Cinemark has commitments to open two new theaters and 33 screens during the remainder of 2021, and 12 new theaters and 112 screens after 2021.“As an industry, and as a company, we continue to make significant progress recovering from the effects of the pandemic,” Mark Zoradi, Cinemark’s CEO, said in a statement accompanying the financials.

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