Overview
- Imax, which reported first-quarter results Thursday, posted $81.4 million in revenue and earnings of $0.17 per share, beating Wall Street forecasts.
- Amazon MGM’s Project Hail Mary more than doubled Imax’s internal projections and has earned over $600 million worldwide.
- Regional results split sharply, with North America up 75% and the rest of the world excluding China up 60% while China trailed last year’s exceptional quarter.
- Imax reaffirmed a 2026 goal of $1.4 billion in box office and signed deals to add 42 auditoriums across 10 countries, including 10 with Australia’s Hoyts Cinemas.
- CEO Rich Gelfond said he is recovering from pneumonia and is gradually resuming involvement in strategic decisions.