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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 697M | 28.7% |
Gross Profit | 697M | 29% |
Cost of Revenue | 1M | 0% |
Operating expense | 1.7M | 21.4% |
Net Income | 46M | 84.7% |
EBITDA | 87M | 10.3% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 1.58B | 0.6% |
Total Liabilities | 4.41B | 0.8% |
Shares Outstanding | 120M | 0.3% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 755M | 59.3% |
Cash from financing | -3.8M | 2.7% |
EPS
Financial Highlights for Cinemark in Q2 '24
Cinemark reported a revenue of 697M, which is a 28.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 697M, marking a 29% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1M, a 0% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.7M, showing a 21.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 46M, showing a 84.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 87M, showing a -10.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Cinemark with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.