Cinemark Misses in Q4 but Touts Post‑Pandemic Highs, Lifts 2026 Spending

Overview

• Cinemark reported Q4 2025 revenue of $776.3 million with diluted EPS of $0.16 and profit of $34.1 million, falling short of Wall Street expectations and down roughly one third year over year.
• Attendance declined 13% to 44.3 million visits and admissions revenue reached $383.8 million, while concessions totaled $302.4 million with a company‑record food and beverage per‑cap of $5.96.
• Full‑year 2025 delivered $3.1 billion in revenue, $578 million in adjusted EBITDA and an 18.6% margin, which management described as a post‑pandemic high with market share gains and record concession metrics.
• The company said it has extinguished more than $700 million of COVID‑related debt over recent years and returned $315 million to shareholders through dividends and buybacks.
• Cinemark guided to roughly $250 million in 2026 capital spending focused on premium formats and new builds, highlighting premium screens at about 15% of box office, alternative programming above 10%, growing Movie Club membership and AI tools for pricing and operations.