IMAX tops Q3 estimates on box office strength
IMAX•IMAX’s Q3 revenue rose 64% year over year to $174.60 million, beating the $168.53 million analyst estimate, while adjusted EPS surged 370% to $2.21, above the $1.02 estimate. The company cited record global box office of $712 million, led by The Odyssey.
1. Quarterly results
IMAX reported Q3 revenue of $174.60 million and adjusted EPS of $2.21, both above analyst estimates. Adjusted net income was $127.90 million, compared with an estimate of $55.93 million.
2. Business drivers and outlook
The company said record global box office of $712 million, led by The Odyssey, drove revenue and margin growth. Content Solutions revenue and gross margin rose 110% and 125% year over year, while Technology Products and Services revenue and gross margin increased 28% and 53%. IMAX expects a strong 2027 film slate, including Dune: Part Three and Avengers: Doomsday, and said sales activity is accelerating.
