Cinemark Holdings, Inc. (NYSE:CNK) shares are trading lower on Friday in the premarket session after the company reported first-quarter results.

The company registered quarterly earnings per share of 32 cents loss, compared with the analyst consensus estimate of 10 cents loss. Quarterly sales of $540.70 million (down 6.6% year over year) outpaced the street view of $540.68 million.

Total Adjusted EBITDA decreased significantly on a year-over-year basis to $36.4 million from $70.7 million in the year-ago period.The Adjusted EBITDA margin in the quarter under review was 6.7%.

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Admissions revenue fell 8.9% to $264.1 million in Q1 2025. Concession revenue declined 6.2% to $210.4 million.

Attendance dropped 7.8% to 36.6 million patrons.

"Cinemark once again delivered outsized box office results in the first quarter, surpassing industry benchmarks both domestically and internationally, despite a suppressed box office environment that was impacted by lingering effects of the 2023 Hollywood strikes," stated Sean Gamble, Cinemark's President and CEO.

The company exited the quarter with cash and equivalents worth $699.4 million.

Cinemark said it delivered domestic box office results that surpassed North American industry recovery by 160 basis points year-over-year; likewise, the international admissions also outpaced comparable industry benchmarks.

“We continue to expect a favorable rebound in our industry’s recovery trajectory this year, and the second quarter is already pacing well ahead of 2024’s box office results, showcasing the strong, sustained enthusiasm consumers have for experiencing a diverse range of compelling, well-marketed films in theaters,” Gamble added.

Price Action: CNK shares are trading lower by 2.98% to $29.00 at last check Friday.

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