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While the top- and bottom-line numbers for Imax (IMAX) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Imax CEO Rich Gelfond predicts the long SAG-AFTRA strike will settle relatively soon. If, instead, it drags on, theater chains will face a rocky second half of 2024 but he sees the large-format exhibitor standing apart.
Rich Gelfond, IMAX CEO, joins 'Squawk on the Street' to discuss how much of IMAX's revenue beat was due to Oppenheimer, the slate of movies scheduled to release, and much more.
Imax (IMAX) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to loss of $0.05 per share a year ago.
IMAX Corp (NYSE:IMAX) stock was boosted Wednesday as Christopher Nolan's Oppenheimer helped drive the immersive big screen cinema brand to better-than-expected quarterly financial results – posted a $12 million profit versus a $9 million loss this time last year. Importantly, revenue soared to $102.9 million representing a 51% surge on the $68.8 million banked in the third quarter of 2022 and came in ahead of analyst forecasts pitched at $100.6 million.
Imax swung to a profit and saw revenue revenue surge in the Septembers quarter, buoyed by Oppenheimer and other content from Hollywood to local language films, concert films, docs and live events.
Imax Corp. IMAX reported third-quarter results that beat analysts' top and bottom line estimates Wednesday, boosted by Hollywood blockbusters and strength in China, Europe and Southeast Asia. The high-end movie theater operator reported net income of $12 million, or 22 cents a share after a net loss of $9 million, or 16 cents a share, in the prior year's quarter.
Richard Gelfond, IMAX CEO, joins 'Closing Bell: Overtime' to discuss the Eras Tour film's record-breaking debut, what this means for the movie theater and studio business, and more.
“Taylor Swift: The Eras Tour” set a number of records during its opening weekend, as Swifties flocked to theaters to see the eagerly-anticipated concert film.
IMAX expands partnership with NCG Cinemas to open three IMAX with Laser Systems in the United States.