Cinema operator IMAX beats Q3 revenue, profit expectations

IMAX

23/10/2025 12:40

Overview

IMAX Q3 revenue rises 16.6% yr/yr to $106.7 mln, beating analysts' expectations

Adjusted EPS and net income for Q3 also beat consensus

Company reports record Q3 cash flow of $67.5 mln from operating activities

Outlook

IMAX remains on track for $1.2 bln in global box office in 2025

Company expects system installations to reach high end of 2025 guidance of 150-160

IMAX anticipates at least four major releases in 2026

Result Drivers

GLOBAL BOX OFFICE - IMAX achieved its highest grossing Q3 ever with $368 mln, up 50% YoY, driven by diverse content including local language films

SYSTEM INSTALLATIONS - Demand for IMAX systems remains strong with installations surpassing 2024 totals and pacing to high-end of full year guidance

CONTENT DIVERSITY - Diverse content mix, including local language and alternative content, drove significant box office growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$106.70 mln
$105.15 mln (12 Analysts)
Q3 Adjusted EPS
Beat
$0.47
$0.38 (10 Analysts)
Q3 EPS
$0.37
Q3 Adjusted Net Income
Beat
$26.20 mln
$18.44 mln (7 Analysts)
Q3 Net Income
$22.60 mln
Q3 Gross Margin
63.10%
Q3 Adjusted EBITDA Margin
48.60%


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 $38.50, about 16.8% above its October 21 closing price of $32.05

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nBw2RZ3B5a

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(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.)