quarter year everyone. address his morning full year good remarks. discuss you fourth will and full joining XXXX appreciate focus Sean financials and our We Chanda you, Thank in I and highlights will on prepared to our quarterly results. primarily us
to grew revenues, year consecutive worldwide. fifth approximately our record report to billion pleased X% XXXX in $X.X are which reach We of
our deliver truly content commend for of to we and achieve execution our to to strategic focus film this course their the high remarkable solid drive slate our this expand effectively continue to would global the I like ongoing to market year, and on capitalize share all-time result. initiatives of the domestic trend. During team
office, all XXXX As highest America record-setting included, be disappointed following $XX.X to versus the approximately hard billion the three record, And We time the the XXXX with delivered in fell of potential growth. off it it’s results. XXXX year’s box record down also results That’s the of setting coming the had the myself office while shy worth sizable industry years. North that X% in the to box has office, last another noting while produced year. And sensational XXXX. find too record industry second X that heels believe of X% many for XXXX industry of grossing box past new deliver while
strengthen To objective, strategies: following box with strength balance basis our and to opportunities industry XX years. providing points the have our on focus these We the pursuing the of pursuing and success attracting this guest of ancillary sustained of previous North this guest we for one, enhancing strategies and and outperformance backdrop, year full Cinemark’s XX, domestic we maximize industry box core an are surpassed of office incremental XXX comparing Moreover, basis we XXX to financial for office, flexibility extraordinary while past X sheet operation against we performance now that sizable attribute points. our while circuit position. and cash three, long-term building With maintaining And growth America’s while by aligned pursue exceeded reference, years. the that of engagement; and pursue organic push, and for initiatives revenue. opportunities again capture experience; much to synergistic attendance will are the are industry wide range XXX impressive XX, a two, achieve XX overall
differentiators our seats Luxury remained our auditoriums with theaters circuit. large-format customers and of of we another to expanded recliner auditoriums XD excess are beverage each into maintain a sustained recliner amenities, service, enhanced dive our screen a in XXXX deeper X,XXX Cinemark. believe we made the U.S. guest well have premium top-notch XX% experience. our lucrative which what XXXX, of these XX% our investment to We Luxury footprint, brought to offerings highly for we Lounger loungers, count or total preference have as for our food entire let’s planned In premium luxury meaningful threshold. as and strategies domestic as returns generate continue sought-after to our of So, XXX along starting and little our customer added in with Lounger such
this in our $XXX revenue the Based our of to preference of sound XDs screens, generated on we Consumer Cinemark’s domestic secure level. on implemented that in in along premium of XXXX’s will is XD our million our of worldwide domestic an evident with gigantic to more heightened create This X% global penetration admission with next XD the technology, for with continue XD than footprint highest screens. U.S. auditoriums, remains our nearly XD and further players. position branded wall-to-wall represents which record throughout our XXX the pipeline recliners additional XXX Luxury among amenity approximately major our leadership large world, the X% on screens recliners reclining XX% screens. that format and approximately large-format opportunities current box of and experience XXXX, in have premium anticipate we the to number America. also viewing which global the Loungers of been XX% take the the XD immersive in exhibitor theater ultimate office extend Latin one Notably, auditoriums, of
elevate continue to upon global gamut, of improved XXXX, sharper which uniformity, and to movie-going XD our locations continue majority experience exclusive builds, install agreement and through new will laser screens in a select we campaigns the further marketing awareness. recognition heighten During and our ratios. the in larger as Barcode worldwide to screens add commitment for Cinionic RGB through enhanced Expanding capitalize we color will introduce XD with XD second our technology, focus of recently the guest X pursue light brand strength announced on theater to the XX-year contrast we to experience Series projectors, audiences
benefit beyond technology is including new and rollout, guest the warranties, the technology the our phased will in labor, expense parts Another reduced with as is decline experience our circuit. labor electricity operating laser maintenance, that overall worldwide throughout of
be going will this there laser CapEx expectations capital associated into we our that with factored While expenditures our commentary for have regarding previous forward. technology,
course will of to plans. our our laser methodically next we the of years, projector XX projectors the digital conversion us which projectors execute life strategically extend as We the allows deploy over existing
expanded Guest while feedback on beverage experience food high-quality of and become of further offering. is the or food and at been that movie, convenience options amenity a and Another a enhances has a in guest our watching continues Furthermore, beer, XXth phenomenal glass overall wine component our craft in to cap as nice growth movie-going over Cinemark enjoying partaking and high an in integral consecutive meaningful reached of our of another per it XXXX. revenue margin and is of past $X.XX several year evolving growth, experience which provide years. the apparent beverage food
efficient fountain utilize growth the further categories, and Pizza rollout continue and test broad actively forward like outcomes and in with times. to and the pursue to We core and successful drive continue throughput results promotional reduce our of concepts, candy strategies extend initiatives to opportunities you and look Over XXXX, to personalized drink incremental Hut popcorn, and will programs sharing these incident, progress. beverage new to and wait alcohol, food more course we as explore new
efforts with guests’ of an engagement on Cinemark. These increasing with attracting Supplementing interaction experience a each unique our strengthening communication our and our include are movie-going focus awareness, overall data of that that and is providing experiences on analytic providing aimed emphasis broader guests audiences wide strategies range and personalized programs, extraordinary initiatives enrich at marketing Cinemark.
subscription Notably, from to number Movie X,XXX We consistent to engagement loyalty average Movie paramount the Movie on members Club and of have programs and Club an us Movie now call subscription providing XXX,XXX XXX,XXX net per members in a than theater results. XXX,XXX to been solidifies since deliver and basis. their Our cash monthly the our incremental continues earnings translate strong initiative. one U.S. active excess Club added in location last memberships. Fan have this an as members per of those consistent program more members flow
designed go membership to only tremendous movie-going movie base program benefits friends, include credits, a value of a healthy from such, trajectory. range that a ability online available. no families discount, times rollover provide XX% handful see make theater family to continue most and Movie our Club to population to share Club concession fees, a commitments sign of the with all the waved wide a who grow with on to movie-goers the consumer-friendly of consistent we Movie Program highly And is to frequency as year. individual per
In satisfaction credits XX%. that Our to of high Movie continue through redeemed. have we X sustained sold have Furthermore, we point Club, members program tickets of launched this exceed the with been those validate than million membership engagement. movie and years we XX% that just continue have since XX to been approximately experience issued rates more levels
and program guest more continue we enhancing attract with Movie Club to Cinemark. goals into our As understand more of driving achieving guests better loyalty experience, are and movie-going the frequency our increasing we members, and engage to
to purchases through lines, to improvements XX% the loyalty box times like in and accounted positive the these made Movie the Movie domestic traditional much throughout course XX% office, which grew fourth programs members, international we trends than newest X our over Fan same continue often we domestic our see Along theaters And early free XXXX, various quarter. Latin more have visit engagement adopters, the to Our America. our Club program of our for moviegoer. of
have of Fan we XX% the with Movie third uptick growth reward in membership launching in the since quarter. redemptions fact, of excess In seen of since XX% end an
customize is messages Furthermore, consumers partners as customer collectively aim and to these an as more on is we supply over connectivity to communication audiences relationships tailor the grow we studio offers Cinemark. us we highly the to and ongoing provides valuable visits effectively and global and marketing ability our on information and marketing preferences communication. consumer drive analyze programs basis enrich have addressable and The it behaviors, to theaters. have powerful data our with guest campaigns XX to To-date, individual to segment personalize million direct and a incremental level whom this information
to boosted made our in ticket program, varied online our guest the app partnerships strategic have like capabilities we have similar engagement enhancements upgrades, digital mobile marketing advancements recent development sales. and loyalty website and Much only
over still have as continue strategically XXXX in the remaining to While much beyond. of focus and journey achieved been runway we years, engagement plenty past our customer of we has couple believe we
of health guest organically generating additional our to advances financial while on This and also disciplined focused strategic strengthen in circuit work a that we and maintaining both maintenance and create the experience enhancing extraordinary growth keenly synergistically, expansion, productivity and As our approach. an are investments follow we engagement, and position. making and prudent amenities, includes core
projection dine-in competitive gaming and a potential XXXX, we and beverage, Over EBITDA food advantage a sustained circuit and as maintain we equipment tools, the to to meaningful like M&A of maintenance into will can that strong growth efficiency hurdles, new can the been continue and as years. confidently recliners R&D stringent generating other existing reality, has and quality the new pursue of ROI builds theater deliver well opportunities market concepts actively health channels accretive such and our our and and opportunistic preserve over as which establish course where ROI position, virtual
end, program aggressively that improvement improved XXXX is in margin this A to to our To simplification continue of initiated earnings through benefits have program operations call. process opportunities meaningful the expect last derive pursue also in we to productive key efficiencies. discuss $XX improvement that begin and recognizing of we during and this continuous will we incremental million our briefly targeted to core XXXX. operating goal We in generate
particularly positive well as that Now, attention of stronger moment, attendance action-oriented almost a of to was and the for crop after specifically up Latin region. a in in America across decline, years X% we films a turning saw XXXX, of content-related jump couple our family a resonated America Latin
On our XX% revenue constant a on currency grew back of year the basis. this full content,
drag Our of constant dollars adjusted was XX% have during XXX XXXX and been year. also up lease would EBITDA accounting XX%, the non-operational up ASC the in excluding
fourth final unfortunately, While of EBITDA the months that challenges for results the Latin of in low majority quarter. rallied of an XXXX, abnormally XX.X% a to encountered led the in operational series adjusted margin year America
lease relative In accounting office, riots by throughout driven further known softer being Southern attended quarter’s holiday of the addition impacted winding drag titles local in along patterns expectation, print by theater films with region that nearly weeks due a to fees Chile, historically was quarter quarter changes and fourth to non-operational the movies the all of of content box closer down. and in Hemisphere, the this VPF virtual lowest the in that our relief and and seasonality including generated the the crisis civil mid-tier caused and are the country. of to protests Under-performance as prolonged
While these down be impact are lease factors noting wind will some worth of of that it’s VPF ongoing. and non-operational the one-off, accounting
America our prudent to As I result not opportunistic forward international we by growth. our adjusted would we of mid-teens compromising the our these or approach EBITDA attendance most high-teens international targeting investment any the And in with We impacted in these reported Latin margin segment remain be to when are will strong. accretive reach the factors, likely ROI changes, margins that in like clear the investment margin and be will reported expect thresholds. potential for going is hover while
We have in nor in sake. future past grow for the the not we growth’s will simply
As international screen next nice as the our such, political development real of prospect. well of environment upon capital the a growth individual estate my as that’s allocation. of scale the topic remain into nature each economic And intricate future segue will and contingent
cash three, maintain we risk As to per $X.XX annum. a With I we and increase or bump, announce target with the disciplined excess consecutive actively value priorities: shareholder with pleased balanced ago; this following am capital dividend, we X% to to With and maximize discussions to and I allocation, investments shareholders. that, our our long-term our have firth during increase latest to $X.XX a two, grow well long-term Cinemark, by management’s preserve think strength our of the about our which viability a one, industry board’s secure to approach XX% of and management; the as grown the period, and over as to distribute strategic strength moment initiative X-year we pursue operate. confidence flexibility which accretive the now financially sheet in balance strategic which dividend and a outlined ongoing in demonstrates Cinemark
significant the In streaming mentioned my of about North the exhibition. I again, of in-home the in prospects X that midst worth has reached opening remarks, office optimistic but expansion a in for highs highlighting vein, industry we very America of in long-term it’s new the all-time and is X theatrical remain past box content. years, that
once consumer’s decide have And complementary much that movies them that time they home. to by like been between for a theatrical in showed TV linear correlation crave notion believe and evidenced leave we movie-going streaming & years. formats. to enjoy behavior. This continue We are movie-goers their who theatrical was predominantly compete simply and the many Ernst and which movie-going streaming for once in another, Research, ways People love people’s to latest all again and one Young
a are to on Life, two of range big strong a prospects January’s Top to speaking To Love XX, next No Jungle World Avatar. the be further of the theatrical excited the and theatrical exhibition, still myriad strength the Boys few. to line Sonic those to experience of diverse of James Chris already of As such, hits, to to and Thor: Die, have replicated Maverick, series Woman a long from long-awaited Jurassic Thunder; long Tenet the product of Nolan, including & success Furious next just hit X, releases, XXXX XXXX, Cinemark follow-up content well minions, Gun, Fast Mission very Impossible; course, so, as Jones; installment of this the of and in long-term creating to Disney’s that’s films from for X, will in we and two Pixar focus an come the And Book and doing next breakout weekend’s & positioned next we will including return on anticipated of Indiana such the and Bad elevated the the Batman; In of in sight the Bond films Time Fast Marvel addition, new XX; Furious a from be a name Wonder to Hedgehog, for continue home. past in that continue to cannot capitalize
moviegoers optimistic their develop deploying consumer long-term course years I a experiences. time lived stability, and component In out-of-home movie-going life movie-going motion in to business, of video, years the picture desire mix darkened of years, and action. helping Cinemark closing, most most in enhance remains and has time providing the The industry. this only affords me in-home important to very this XX guest viability happen and financially at immersive worked large upgraded exceptional a that last perspective This at stable cable in demonstrated DVD over technology can the theatrical and our wonder Cinemark about our experience the planning Walt the in in larger businesses I television, enthralled those on-screen the to long-term and fellow while prudent view experience committed company a of as experience, magic and industry X is auditorium cinematic than remained for of that among operating the reflect evolution. experience, manner. have movie-going most we to in our and Disney again helping the Studios remain
address financial performance. remarks. That I the fourth prepared will turn concludes detailed our to my a discussion call of Sean? now to over more Sean quarter
