Latin American Industry Outperformance
3Q23 Financial Summary
Worldwide Results 1) 2)
3Q23
3Q22
Variance
Attendance
62
48
28%
Revenue
$875
$650
35%
Adj. EBITDA
$197
$100
98%
Adj. EBITDA %
22.5%
15.3%
720 bps
Operating Cash Flow
$85
$(18)
Free Cash Flow
$50
$(43)
End Cash Balance
$806
$632
CINEMARK™
•
3Q23 Highlights
Worldwide attendance increased 28% year-over-year driven by a steady
recovery of film volume and a diverse slate of high-quality films
Executed upon strategy to maximize attendance and box office and
further monetize through ancillary revenue opportunities
•
• Average ticket price increased 7% in the U.S. and 30%
internationally in constant currency
Concession per cap increased 5% in the U.S. and 28%
internationally in constant currency
• Gained operating leverage over fixed costs and delivered Adj. EBITDA
•
of $197M with an Adj. EBITDA margin of 22.5%
Further strengthened the balance sheet by generating $50M in free cash
flow and ending the quarter with $806M of cash
1) in Millions
2) See Appendix reconciliation of Adjusted EBITDA and Free Cash Flow to the most directly comparable GAAP measures
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