Extinguishing COVID-related Debt
Cinemark successfully settled the final outstanding warrants related to convertible notes, fully extinguishing its remaining COVID-related debt.
New Share Repurchase Program and Dividend Increase
The Board authorized a new $300 million stock repurchase program and increased the dividend to $0.36 per annum.
Box Office Outperformance
Cinemark surpassed year-over-year North American industry box office performance by nearly 250 basis points and achieved its highest third quarter domestic market share in the company's history.
Record Food and Beverage Revenue
Achieved a new third quarter domestic food and beverage per cap record of $8.20.
Strong Financial Results
Generated $858 million in third quarter global revenue and $178 million of adjusted EBITDA, achieving a 21% adjusted EBITDA margin.
Positive Market Share Growth
Expanded U.S. market share by 40 basis points year-over-year, with market share gains remaining above 100 basis points compared to pre-pandemic levels.