AttendanceLatin American attendance came in below estimates due to slate-driven issues, but recovery tailwinds are expected to return.
Box Office PerformanceDespite Joker 2 missing expectations by a wide margin, the 4Q domestic box office estimates are only moving lower by $15mm to $2.43bn.
ValuationIts shares are now fully valued, leading to a downgrade of shares of CNK to NEUTRAL from OUTPERFORM.