Cinemark Holdings, Inc. (NYSE:CNK) Q1 2023 Earnings Conference Call May 5, 2023 8:30 AM ET
Company Participants
Chanda Brashears - Senior Vice President, Investor Relations
Sean Gamble - President and CEO
Melissa Thomas - Chief Financial Officer
Conference Call Participants
Eric Handler - ROTH MKM
David Karnovsky - JPMorgan
Omar Mejias - Wells Fargo
Aaron Lee - Macquarie
Jim Goss - Barrington Research
Operator
Greetings. And welcome to Cinemark Holdings First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]
As a reminder, this conference is being recorded. I would now like to turn the call over to Chanda Brashears, Senior Vice President, Investor Relations. Thank you. You may begin.
Chanda Brashears
Good morning, everyone. I would like to welcome you to Cinemark Holdings, Inc.’s first quarter 2023 earnings release conference call, hosted by Sean Gamble, President and Chief Executive Officer; and Melissa Thomas, Chief Financial Officer.
Before we begin, I would like to remind everyone that statements or comments made on this conference call maybe forward-looking statements. Forward-looking statements may include, but are not necessarily limited to financial projections or other statements of the company’s plans, objectives, expectations or intentions. These matters involve certain risks and uncertainties.
The company’s actual results may materially differ from forward-looking projections due to a variety of factors. Information concerning the factors that could cause results to differ materially is contained in the company’s most recently filed 10-K.
Also, today’s call may include non-GAAP financial measures, a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the company’s most recently filed earnings release 10-Q and on the company’s website at ir.cinemark.com.
With that, I’d like to turn the call over to Sean.
Sean Gamble
Thank you, Chanda, and good morning, everyone. We appreciate you joining us today to discuss our first quarter 2023 results. Over the past year, we have expressed our optimism about the future of theatrical exhibition based on positive sustained trends in consumer movie-going behavior and improving volume of wide releases, and forward-looking commentary by our existing and emerging studio partners regarding the value a theatrical release provides their film assets.
We have also highlighted the advantaged position Cinemark maintains within our industry on account of our stable financial health, resilient operating capabilities and plentiful opportunities ahead. As we are now four months into 2023, we could not be more encouraged by the ongoing strength of these trends, as well as our company’s and industry’s continued recovery.