Imax Q2 profit tops estimates on record box office in N. America, says Q3 off "very strong start"

Reuters
Jul 24
Imax <a href="https://laohu8.com/S/QTWO">Q2</a> profit tops estimates on record box office in N. America, says Q3 off "very strong start"

Overview

  • Imax Q2 revenue of $91.7 mln beats analyst expectations

  • Adjusted EPS of $0.26 surpasses estimates, reflecting strong performance

  • IMAX box office grows 41% YoY, boosting net income 139%

Outlook

  • Company says Q3 off to a very strong start

  • Co expects record $1.2 bln global box office in 2025

  • IMAX confident in network growth and content slate performance

Result Drivers

  • NETWORK GROWTH - IMAX reports 50% YoY increase in system installations, driving network growth

  • BOX OFFICE SURGE - 41% YoY increase in IMAX box office revenue boosts net income margins

  • TECHNOLOGY ADOPTION - Record number of releases filmed with IMAX technology increases market share

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$91.70 mln

$91.20 mln (12 Analysts)

Q2 Adjusted EPS

Beat

$0.26

$0.21 (10 Analysts)

Q2 EPS

$0.2

Q2 Adjusted Net Income

Beat

$14.60 mln

$11.20 mln (5 Analysts)

Q2 Net Income

$12.20 mln

Q2 Gross Margin

58.5%

Q2 Adjusted EBITDA Margin

42.6%

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the entertainment production peer group is "buy"

  • Wall Street's median 12-month price target for Imax Corp is $32.00, about 9.3% above its July 23 closing price of $29.03

Press Release: ID:nBwbMW1gsa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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