Cinemark holdings, inc. reports record revenues of $707.2 million and
adjusted ebitda of $168.4 million for q4 2015
Plano, texas--(business wire)--cinemark holdings, inc. (nyse: cnk), one of the largest motion picture exhibitors in the world, today reported results for the three months and year ended december 31, 2015. cinemark holdings, inc.’s revenues for the three months ended december 31, 2015 increased 7.2% to $707.2 million compared to $659.9 million for the three months ended december 31, 2014. for the three months ended december 31, 2015, admissions revenues increased 6.2% to $429.7 million and concession revenues increased 8.4% to $232.8 million. average ticket price was $6.42 and concession revenues per patron was $3.48 for the three months ended december 31, 2015. adjusted ebitda for the three months ended december 31, 2015 increased 7.3% to $168.4 million from $156.9 million for the three months ended december 31, 2014. reconciliations of non-gaap financial measures are provided in the financial schedules accompanying this press release. net income attributable to cinemark holdings, inc. for the three months ended december 31, 2015 increased 22.2% to $57.8 million from $47.3 million for the three months ended december 31, 2014. diluted earnings per share for the three months ended december 31, 2015 was $0.50 compared to $0.41 for the three months ended december 31, 2014. “it was a record-breaking year for the north american industry box office, as well as for each of the countries in which we operate throughout south and central america,” stated mark zoradi, cinemark’s chief executive officer. “cinemark is extremely pleased with our worldwide fourth quarter and full-year 2015 results that created new records in each key performance metric, including attendance, admissions and concession revenues, average ticket price, concession per patron, adjusted ebitda, and net income.” cinemark holdings, inc.’s revenues for the year ended december 31, 2015 increased 8.6% to $2,852.6 million from $2,627.0 million for the year ended december 31, 2014. for the year ended december 31, 2015, admissions revenues increased 7.4% to $1,765.5 million and concession revenues increased 10.8% to $937.0 million. average ticket price increased 1.1% to $6.30 and concession revenues per patron increased 4.7% to $3.35 for the year ended december 31, 2015. adjusted ebitda for the year ended december 31, 2015 increased 11.3% to $663.8 million from $596.5 million for the year ended december 31, 2014. reconciliations of non-gaap financial measures are provided in the financial schedules accompanying this press release. net income attributable to cinemark holdings, inc. for the year ended december 31, 2015 increased 12.6% to $216.9 million from $192.6 million for the year ended december 31, 2014. diluted earnings per share for the year ended december 31, 2015 was $1.87 compared to $1.66 for the year ended december 31, 2014. as of december 31, 2015, the company’s aggregate screen count was 5,796 and the company had commitments to open 13 new theatres and 115 screens during 2016 and seven new theatres and 76 screens subsequent to 2016. conference call/webcast – today at 8:30 am et telephone: via 888-755-8910 or 706-679-3149 (for international callers). live webcast/replay: available live at investors.cinemark.com. a replay will be available following the call and archived for a limited time. about cinemark holdings, inc. cinemark is a leading domestic and international motion picture exhibitor, operating 513 theatres with 5,796 screens in 41 u.s. states, brazil, argentina and 12 other latin american countries as of december 31, 2015. for more information go to investors.cinemark.com. forward-looking statements this press release includes "forward-looking statements" within the meaning of section 27a of the securities act of 1933, as amended, and section 21e of the securities exchange act of 1934, as amended. the “forward-looking statements” include our current expectations, assumptions, estimates and projections about our business and our industry. they include statements relating to future revenues, expenses and profitability, the future development and expected growth of our business, projected capital expenditures, attendance at movies generally or in any of the markets in which we operate, the number or diversity of popular movies released and our ability to successfully license and exhibit popular films, national and international growth in our industry, competition from other exhibitors and alternative forms of entertainment and determinations in lawsuits in which we are defendants. you can identify forward-looking statements by the use of words such as “may,” “should,” “could,” “estimates,” “predicts,” “potential,” “continue,” “anticipates,” “believes,” “plans,” “expects,” “future” and “intends” and similar expressions which are intended to identify forward-looking statements. these statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. in evaluating forward-looking statements, you should carefully consider the risks and uncertainties described in the “risk factors” section or other sections in the company’s annual report on form 10-k filed february 24, 2016 and quarterly reports on form 10-q. all forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements and risk factors. forward-looking statements contained in this press release reflect our view only as of the date of this press release. we undertake no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. (unaudited, in thousands) additional segment information (1)
