IMAX reported second quarter revenue of $102.8 million, a 12% year-over-year increase that surpassed consensus estimates of $95.9 million. The company delivered a record Q2 adjusted EPS of $0.43, up 65% from the prior year and significantly ahead of the $0.30 analyst forecast. GAAP EPS was $0.27, a 35% increase year-over-year.

Key Highlights

  • The company highlighted strong early results from Christopher Nolan’s “The Odyssey,” which captured 20% of the global box office with a record $52 million opening weekend for IMAX.
  • Revenue from the Technology Products and Services segment grew 16% year-over-year to $65 million, with gross margin expanding 29% to $39 million, driven by higher system sales.
  • Network growth momentum continued, with the company completing 38 system installations, marking the highest number for a second quarter in a decade.
  • Global box office for the second quarter reached $285 million, the highest for a Q2 since 2019, driven by 24% growth in international markets excluding mainland China.