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Cinemark Q2 Results Reveal Pandemic Toll, But Company Says Tests Show Patrons Feel Comfortable In Its Theaters

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Dade Hayes Finance EditorCinemark reported financial results for the second quarter that revealed the massive toll of COVID-19, with $9 million in total revenue and a loss of $1.45 per share.Those figures managed to exceed Wall Street’s conservative estimates for the April-to-June period, however.

The No. 3 U.S. exhibitor said its limited “test-and-learn” re-openings in the quarter were helpful preparation for a planned August 21 return of the full circuit.In all, about 13,000 customers bought tickets for the screening of library film titles in a select number of theaters in Texas, the company said.

Those screenings generated $37,000 in admissions revenue and $57,000 in concessions. The total revenue figure for the quarter reflected the.

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