Box Office Recovery Lifts Imax As Quarterly Revenue Rises
Imax released its fourth quarter earnings on Wednesday and posted higher net earnings on rising overall revenues.
That came as tentpoles like Gladiator II, Venom: The Last Dance and Mufasa: The Lion King performed best on its screens during the latest financial period. A year earlier, Imax had Aquaman and the Lost Kingdom, Taylor Swift: The Eras Tour and Wonka on the cinema technology company’s big screen network.
Overall fourth-quarter revenue came to $92.7 million, up 8 percent from a year-earlier $86 million. Amid a box office recovery for Hollywood coming out of the pandemic, Imax is looking to leverage increasing demand for new and upgraded theater systems worldwide.
The large-format exhibitor recorded net income of $5.2 million, which compared to a profit of $2.5 million in the same period last year. During the latest quarter, the adjusted per-share profit in Q4 came to 27 cents, a sharp improvement from year-earlier per-share profit of 11 cents.
That came as tentpoles like Gladiator II, Venom: The Last Dance and Mufasa: The Lion King performed best on its screens during the latest financial period. A year earlier, Imax had Aquaman and the Lost Kingdom, Taylor Swift: The Eras Tour and Wonka on the cinema technology company’s big screen network.
Overall fourth-quarter revenue came to $92.7 million, up 8 percent from a year-earlier $86 million. Amid a box office recovery for Hollywood coming out of the pandemic, Imax is looking to leverage increasing demand for new and upgraded theater systems worldwide.
The large-format exhibitor recorded net income of $5.2 million, which compared to a profit of $2.5 million in the same period last year. During the latest quarter, the adjusted per-share profit in Q4 came to 27 cents, a sharp improvement from year-earlier per-share profit of 11 cents.
- 2/19/2025
- by Etan Vlessing
- The Hollywood Reporter - Movie News
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