Cinemark Cuts Losses to $6 Million in Q1 on Stronger Box Office and Disney-Driven Slate

Cinemark reported a much smaller first-quarter loss on May 1, helped by a stronger box office and a steadier slate of movie releases.

The theater chain said revenue rose to $643.1 million in the quarter, up about 19% from a year earlier. Net loss attributable to Cinemark narrowed to about $6.4 million, or $0.06 per share.

Adjusted EBITDA jumped to $88.5 million from $36.4 million a year earlier. Cinemark said the quarter was its strongest first quarter since the onset of the pandemic across both revenue and adjusted EBITDA.

The company and market coverage tied the improvement to a more stable release calendar and stronger attendance, with TheWrap pointing to Disney-led box office strength as one of the drivers.

The results show that movie theater attendance can still meaningfully improve when the release slate is stronger. For Cinemark, the quarter offers another sign that the post-pandemic recovery remains uneven but is still progressing.

Cinemark's official release and investor materials were published the same morning, and Reuters-syndicated coverage confirmed the main numbers and the narrower loss.