Cinemark Stock Slumps After 4Q Profit Misses Wall Street Target

Dow Jones

Feb 19, 2025

By Dean Seal

Shares of Cinemark fell after the company turned in a record revenue performance for the fourth quarter but delivered a smaller profit than analysts had expected.

The stock was down 15% at $28.07 in early trading. Shares are down almost 10% on the year but were trading at around $16.54 this time a year ago.

The movie-theater chain said Wednesday that revenue surged more than 27% to $824.3 million during the quarter.

Cinemark swung to a profit of $51.3 million from a loss of $18 million a year ago. But the bottom line missed analyst projections by $10 million, according to FactSet. Earnings of 33 cents a share were 5 cents shy of analyst estimates.

Costs may have been a bigger issue than expected. Film rentals and advertising expenses were up by more than a third year-over-year. The total cost of operations was 16% higher.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

February 19, 2025 10:25 ET (15:25 GMT)

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The total cost of operations was 16% higher.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4108":"电影和娱乐","CNK":"喜满客影城","BK4585":"ETF&股票定投概念"},"translate_title":"喜满客第四季度利润未达华尔街目标后股价暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CNK":1},"content_text":"By Dean Seal \n\n\n \n\n\n  Shares of Cinemark fell after the company turned in a record revenue performance for the fourth quarter but delivered a smaller profit than analysts had expected. \n\n\n  The stock was down 15% at $28.07 in early trading. Shares are down almost 10% on the year but were trading at around $16.54 this time a year ago. \n\n\n  The movie-theater chain said Wednesday that revenue surged more than 27% to $824.3 million during the quarter. \n\n\n  Cinemark swung to a profit of $51.3 million from a loss of $18 million a year ago. 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