During the first quarter, Imax’s box office income kept rising, fueled by a remarkable performance at the Chinese box office and a robust lineup of “Filmed for Imax” movies that were debuted in cinemas. Some notable titles from this collection, such as Captain America: Brave New World and Ryan Coogler’s Sinners, saw strong openings over the weekend.
The total income for the cinema technology firm reached an impressive $86.7 million in the first quarter, marking a 10% increase compared to the same period last year’s earnings of $79.1 million. This figure surpassed the expectations of financial analysts, who predicted revenues of approximately $84.23 million for Imax during Q1.
As a devoted IMAX fan, it’s exciting to see their first-quarter earnings report! This time around, IMAX posted a net income of $8.2 million, marking a substantial 52% increase compared to the $5.4 million earned in the same quarter last year. However, on a slightly disappointing note, the adjusted net income per share dipped by 13%, from a loss of 15 cents per share in Q1 last year, to a gain of only 13 cents this year.
Imax’s earnings from technology products and services, which include income from the sale, rental, and maintenance of their theater systems network, increased by 17% to reach $51 million. For Content Solutions, or the income generated through agreements with major film studios and filmmakers, there was a 1% rise compared to last year, totaling $34 million. This growth can be attributed to robust global box office performance.
The initial quarter’s worldwide box office earnings reached an impressive $298 million, representing a 12% increase compared to the same period last year. This significant boost can be attributed mainly to the Chinese New Year holiday, which generated a staggering $182 million in ticket sales within China. Leading the pack was the movie “Ne Zha 2,” raking in over $164 million on Imax screens in China, setting a new record for the company’s highest-grossing local language animated release in that market to date.
Ryan Coogler’s film “Sinners” debuted in both Imax premium format theaters and standard cinemas over the weekend, raking in a staggering $45.6 million domestically during the Easter box office competition. Upcoming Imax releases slated for this summer include “Thunderbolts, Mission: Impossible – The Final Reckoning, How to Train Your Dragon, F1“, and “The Fantastic Four“.
2025 has seen Imax kick off on a promising note, as our business foundation has never been more robust. This is evident in the highest-ever global box office earnings and significant expansion in system sales and installations during the first quarter, according to Rich Gelfond, CEO of Imax. He further stated that with an impressive lineup of global releases planned for the upcoming years and a surge in exhibitor demand, we anticipate entering a period of growth for our company that is unprecedented.
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2025-04-23 23:24