Revenue during the quarter went down marginally by 0.89 percent to $700.92 million from $707.22 million in the previous year period. Gross margin for the quarter contracted 42 basis points over the previous year period to 94.65 percent. Total expenses were 87.91 percent of quarterly revenues, up from 85.99 percent for the same period last year. That has resulted in a contraction of 192 basis points in operating margin to 12.09 percent.

Operating income for the quarter was $84.76 million, compared with $99.09 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $168.17 million compared with $174.75 million in the prior year period. At the same time, adjusted EBITDA margin contracted 72 basis points in the quarter to 23.99 percent from 24.71 percent in the last year period.

“It was a banner year for the North American industry box office, achieving its 4th all-time high in the past 5 years,” stated Mark Zoradi, Cinemark’s chief executive officer. “Cinemark’s domestic operations outperformed the North American industry box office by 100 basis points, and globally we set numerous records, including total revenues of nearly $3 billion, net income of $255 million and Adjusted EBITDA of more than $706 million. Furthermore, our ability to increase our dividend, while continuing to actively invest in growth initiatives, is indicative of the consistent strength of our balance sheet, as well as our confidence in Cinemark.”