Cinemark Touts “Faster” Recovery Than Expected as Results Improve, Driven by Domestic Business

📆 06/08/2021 15:43:00
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France Dernières Nouvelles,France Actualités

The cinema giant says its 'domestic segment generated positive adjusted EBITDA' for the first time since the COVID outbreak.

The exhibitor, led by CEO Mark Zoradi, has a particularly strong presence in Latin America. In mid-March, Cinemark reopened its cinemas in the greater Los Angeles area with enhanced cleaning and safety protocols.

“I’m pleased to report that the second-quarter recovery of our industry and business progressed at a faster rate than we expected with the North American industry box office more than tripling first-quarter results,” said Zoradi.

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France Dernières Nouvelles, France Actualités

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