Cinemark Posts Sharply Higher Third-Quarter Results Amid Hollywood Box Office Rebound
- Cinemark revenue reached $1.05 billion in the third quarter.
- Worldwide attendance rose 18 per cent to 63.7 million.
- The company expects a strong year-end film slate.
Cinemark reported a sharp rise in third-quarter revenue and profit, as strong summer releases carried Hollywood’s box-office recovery into autumn. The results suggest cinemas are continuing to benefit from audience demand and premium screenings, although the industry’s longer-term prospects depend on studios maintaining a steady flow of films.…