Top performing films included Creed III, Screen 6, and John Wick 4, which each broke records delivering all-time high results for their franchises. As we are now four months into 2023, we could not be more encouraged by the ongoing strength of these trends, as well as our company’s and industry’s continued recovery.ĭuring the first quarter, North American box office grew by almost 30% versus 2022, propelled by strong carryover from the global sensation Avatar: The Way of Water and animated success Puss in Boots: The Last Wish, as well as a diverse range of crowd pleasing hits. We have also highlighted the advantaged position Cinemark maintains within our industry on account of our stable financial health, resilient operating capabilities and plentiful opportunities ahead. Over the past year, we have expressed our optimism about the future of theatrical exhibition based on positive sustained trends in consumer movie-going behavior and improving volume of wide releases, and forward-looking commentary by our existing and emerging studio partners regarding the value a theatrical release provides their film assets. We appreciate you joining us today to discuss our first quarter 2023 results. Thank you, Chanda, and good morning, everyone. With that, I’d like to turn the call over to Sean. Information concerning the factors that could cause results to differ materially is contained in the company’s most recently filed 10-K.Īlso, today’s call may include non-GAAP financial measures, a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the company’s most recently filed earnings release 10-Q and on the company’s website at ir. The company’s actual results may materially differ from forward-looking projections due to a variety of factors. These matters involve certain risks and uncertainties. Forward-looking statements may include, but are not necessarily limited to financial projections or other statements of the company’s plans, objectives, expectations or intentions. I would like to welcome you to Cinemark Holdings, Inc.’s first quarter 2023 earnings release conference call, hosted by Sean Gamble, President and Chief Executive Officer and Melissa Thomas, Chief Financial Officer.īefore we begin, I would like to remind everyone that statements or comments made on this conference call maybe forward-looking statements.
I would now like to turn the call over to Chanda Brashears, Senior Vice President, Investor Relations. Īs a reminder, this conference is being recorded. A question-and-answer session will follow the formal presentation. At this time, all participants are in a listen-only mode. And welcome to Cinemark Holdings First Quarter 2023 Earnings Call.
( NYSE: CNK) Q1 2023 Earnings Conference Call 8:30 AM ETĬhanda Brashears - Senior Vice President, Investor Relations
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