Imax Predicts Record $1.2 Billion Global Box Office In 2025

Imax Predicts Record .2 Billion Global Box Office In 2025
Film

Imax continues to leverage Hollywood’s ongoing box office recovery as the film technologies company unveiled its third-quarter financial results on Wednesday.

With cinema-going rebounding post-Hollywood strikes, Imax posted revenue of $91.5 million for the latest financial quarter, down 12 percent from revenue of $103.9 million during the year-ago period when Christopher Nolan’s Oppenheimer played on its screens.

Third quarter profits at $13.9 million was up 16 percent on profits of $12 million in the third quarter last year.

The adjusted net profit per share in Q3 came to 35 cents, which matched a 35 cents earnings per-share in the same year-ago period.

Content Solutions revenues — or business from agreements with the major studios and filmmakers — at $30 million was down 32 percent year-over-year. With Deadpool & Wolverine and Alien: Romulus on its screens during the latest quarter, Imax saw its global box office haul come to $239 million.

That’s down from a year-earlier $347 million global box office tally when Oppenheimer and Mission: Impossible — Dead Reckoning Part One filled Imax screens in the year-ago period.

Imax in Q3 signed agreements for new theater systems in key markets like Australia, France, Japan and Saudi Arabia. With cinema-going recovering post-Hollywood strikes, the company’s upcoming movie slate and theater system sales and installations this year to date outpacing signing for full-year 2023, Imax predicted it will deliver a record of over $1.2 billion in global box office in 2025.

“Imax continues to set the table for a new, sustained era of growth with a 2025 and 2026 slate that is as promising as we’ve ever seen,” Rich Gelfond, CEO of Imax said in a statement. “With an exceptional content pipeline, accelerating system installations, and robust sales activity worldwide, we are very well-positioned to execute and capitalize on the opportunity ahead over the next several years.”

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