That is correct.
https://www.motionpictures.org/wp-content/uploads/2020/03/MPA-THEME-2019.pdf
Hispanics/Latinos make up 18% of the US population, yet represent 21% of moviegoers and 25% of all tickets sold. Crazy to think that as Hollywood emphasizes diverse castings in their projects that there's not much in terms of Latino-led blockbusters. You have Coco, Encanto, In the Heights, the Dora movie, some Eugenio Derbez titles, the upcoming Blue Beetle...and I think that's it. Obviously the diaspora of representation is very complex, as each nation has their own cultures and values, but it's still weird.