IMAX beats Q1 revenue, profit estimates

IMAX

30/04/2026 21:19

Overview

Entertainment technology firm's Q1 revenue fell 6% yr/yr but beat analyst expectations

Adjusted EPS for Q1 rose 31% yr/yr, beating analyst expectations

Revenue decline driven by lower China box office, offset by strong growth elsewhere

Outlook

IMAX reaffirms 2026 full-year global box office guidance of $1.4 bln

Company expects strong box office performance from upcoming releases including The Odyssey, Dune: Part Three, and Narnia

Company sees continued global network growth and renewed optimism among exhibitors in 2026

Result Drivers

CHINA BOX OFFICE WEAKNESS - Co said lower box office in China, due to a record Chinese New Year in the prior year and timing of major local releases, drove revenue decline

INTERNATIONAL GROWTH - Strong box office growth outside Greater China, led by North America and other international markets, partially offset declines

NETWORK EXPANSION - Co continued to expand and diversify its global network with new system agreements in Australia and Japan

Company press release: ID:nBw2cV2kga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$81.4 mln
$80.28 mln (12 Analysts)
Q1 Adjusted EPS
Beat
$0.17
$0.15 (10 Analysts)
Q1 EPS
$0.07
Q1 Adjusted Net Income
Beat
$9.60 mln
$8.04 mln (6 Analysts)
Q1 Net Income
$6.10 mln
Q1 Gross Margin
$45.8 mln
Q1 Adjusted EBITDA Margin
37.50%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "hold" and no "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 $46.00, about 23.5% above its April 29 closing price of $37.24

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 23 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)