Why is CNK Going UP and AMC Stuck?! CNK Q2 2024 Earnings Recap

Why is CNK Going UP and AMC Stuck?! CNK Q2 2024 Earnings Recap. Cinemark reported Q2 2024 Earnings on Friday August 2, 2024.
Q2 2024 Earnings Highlights
* Cinemark entertained 50 million moviegoers across global footprint.
* Cinemark delivered domestic box office results that surpassed North American industry recovery by 400 basis points and 960 basis points relative to Q2 2024 and Q2 2019, respectively; international admissions outpaced corresponding Latin American industry recovery by 300 basis points and 500 basis points compared with Q2 2024 and Q2 2019, respectively.
*Cinemark sustained market share growth versus FY 2019 in excess of 100 basis points in the U.S. and Latin America; continued to maintain the most significant market share gains compared to pre-pandemic results of all major exhibitors.
* CNK reported $734 million of total revenue and $47 million of net income with diluted earnings per share attributable to Cinemark Holdings, Inc. of $0.32.
*CNK Generated Adjusted EBITDA of $142 million with a strong 19.4% Adjusted EBITDA margin, demonstrating disciplined operational execution and the ongoing impact of our strategic initiatives.
*Cinemark maintained a healthy cash balance of $789 million at quarter-end and advanced objective to strengthen balance sheet post-pandemic, as demonstrated by the following actions over the past few months:
1) Redeemed remaining $150 million 8.75% senior secured notes due 2025 in May 2024 at par.
2) Repriced term loan, reducing interest rate by 50 basis points and saving $3.2 million of cash interest annually.
3) Issued $500 million 7.00% unsecured notes due 2032 and executed a cash tender for a vast majority of our unsecured notes due 2026.
Continued to pursue balanced and disciplined investments to position Cinemark for the long-term with approximately $150 million expected to be deployed toward global growth and maintenance in 2024. #TonyDenaro

Due Diligence Links:
1) CNK Q2 Earnings Press Release: https://ir.cinemark.com/news-events/press-releases/detail/601/cinemark-holdings-inc-reports-second-quarter-2024-results

🦍Join the Tony Denaro channel to get access to perks, basic Discord and a membership chat badge: https://www.youtube.com/c/TonyDenaro/Join
🏆 SUBSCRIBE! https://www.youtube.com/c/TonyDenaro?sub_confirmation=1
🧡 DISCORD! Support the Channel & get FULL access to the Tony Denaro Discord including Tony's trades with a VIP membership.
Be sure to link Patreon and Discord before signing up: https://www.patreon.com/TonyDenaro
🐤TWITTER: https://twitter.com/Tony_Denaro
💹 STOCKTWITS: https://stocktwits.com/TonyDenaro
📶 TWITCH backup livestream (add it now!): https://www.twitch.tv/tonydenaro
📰 REDDIT: https://www.reddit.com/r/TonyDenaro/

🧡 Discord is a free perk for supporters of the channel via YouTube Join button or Patreon.
1) Discord via Patreon CLICK HERE: https://www.patreon.com/TonyDenaro
How to link Patreon and Discord: https://bit.ly/3Tc3MGp
2) Discord via YouTube (includes colored badge in Youtube chats) CLICK HERE: https://bit.ly/3PLj0z2
How to link Discord and YouTube: https://bit.ly/3pD4W0b

💥Links for Content Creators:💥
1) Best free software for Collab videos - Restream: https://restream.io/join/TonyDenaro
2) Diversify where your content is published, sign up for Rumble: https://rumble.com/register/TonyDenaro/
💥Links for Content Creators💥

Send Tony Denaro something:
Tony Denaro
10900 Research Blvd
Suite 160-C #196
Austin, TX 78759

DISCLAIMER: Content, strategies and opinions on this channel are for entertainment purposes only. These are Tony's opinions, not specific investment or legal advice for you. Always do your own due diligence, read company filings and financial statements and seek a duly licensed professional for investment, tax or legal advice. Past performance is not a predictor of future results. This is not personalized but rather general educational and informational material.