IMAX Corp (NYSE:IMAX) shares rose Thursday after it reported third-quarter financial results. Here are the highlights.
The details:
IMAX reported quarterly adjusted earnings per share of 47 cents, destroying analysts’ consensus estimate of 38 cents.
Quarterly revenue totaled $106.65 million, up 17% year over year and surpassing analyst consensus estimates of $105.16 million.
Also read: Imax wins praise from analysts for strong film slate, but China market volatility raises concerns
Content Solutions revenue of $44.8 million grew 49% year-over-year.
IMAX’s box office gross rose 50% year over year to $367.6 million, setting a new record for the third quarter. This growth was driven by a diverse mix of global content, resulting in IMAX representing 4.2% of the global box office, up 49% year over year.
The company released more than 20 films in local languages, headlined by the breakout anime hit “Demon Slayer: Infinity Castle.” The film set new records, becoming IMAX’s highest-grossing title ever in Japan and the highest-grossing foreign language film in the domestic market.
IMAX also presented four new films shot specifically for the format, including major releases like “Superman and Fantastic Four: First Steps” and successfully brought “F1: The Movie” back to theaters.
Additionally, the company has diversified its programming with eight alternative content titles. This lineup included hit concert films like “The Grateful Dead Movie,” re-releases of Hollywood classics like “Jaws” and “Apollo 13,” as well as exclusive live-streamed events with artists like Dead & Company.
Technology products and services revenues increased 4% year-over-year to $60.4 million.
IMAX accelerated its global expansion in the third quarter of 2025 by installing 38 new systems. This brings the total since the beginning of the year to 95 system installations, an increase of 8% compared to the 88 systems installed during the same period in 2024.
The company’s commercial network also grew, expanding from 1,714 a year ago to 1,759 locations worldwide.
Looking ahead, IMAX reported a significant backlog of 478 system orders, indicating strong continued demand for its theater technology. Of the installations completed so far this year, 43 were direct sales, compared to 35 in the year-ago period.
The company generated $67.5 million in operating cash flow for the quarter. As of September 30, the company had $143 million in cash and equivalents on hand.
IMAX CEO Rijk Gelfond stated that the company is going through a breakout period. He explained that its strategic programming led to the best third quarter in history. Gelfond highlighted that while overall domestic box office fell 11%, IMAX’s domestic box office grew a remarkable 29%, and global box office rose 50% over the same period.
Looking ahead, Gelfond said he believes the best is yet to come, pointing to a massive 2026 film slate with highly anticipated tentpoles like “The Odyssey, Dune Part Three” and “The Mandalorian and Grogu,” for which IMAX is a central partner in filmmaking and distribution.
Price promotion: IMAX shares are up 3.17% to $33.08 at last check on Thursday.
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