Earnings summaries and quarterly performance for IMAX.
Executive leadership at IMAX.
Richard Gelfond
Detailed
Chief Executive Officer
CEO
AG
Anne Globe
Detailed
Chief Marketing Officer
DM
Daniel Manwaring
Detailed
Chief Executive Officer, IMAX China
GD
Giovanni Dolci
Detailed
Chief Commercial Officer and Executive Vice President
JF
Jonathan Fischer
Detailed
Chief Content Officer and Executive Vice President
JZ
Jose Zlatar
Detailed
Senior Vice President, Finance and Principal Accounting Officer
KW
Kenneth Weissman
Detailed
Deputy General Counsel and Corporate Secretary
MW
Mark Welton
Detailed
President, IMAX Global Theatres
MG
Michele Golden
Detailed
Global Chief People Officer and Executive Vice President
NF
Natasha Fernandes
Detailed
Chief Financial Officer and Executive Vice President
PC
Pablo Calamera
Detailed
Chief Technology Officer and Executive Vice President
RL
Robert Lister
Detailed
Chief Legal Officer and Senior Executive Vice President
Board of directors at IMAX.
Research analysts who have asked questions during IMAX earnings calls.
EH
Eric Handler
Roth Capital Partners, LLC
6 questions for IMAX
Also covers: BOWL, CNK, DDI +10 more
CB
Chad Beynon
Macquarie
5 questions for IMAX
Also covers: ACEL, AGS, AMC +31 more
David Joyce
Seaport Research Partners
5 questions for IMAX
Also covers: AMCX, BATRA, EDR +14 more
Michael Hickey
The Benchmark Company, LLC
5 questions for IMAX
Also covers: CNK, EA, GAMB +8 more
DK
David Karnovsky
JPMorgan Chase & Co.
4 questions for IMAX
Also covers: CCO, CNK, DIS +19 more
EW
Eric Wold
B. Riley Securities
4 questions for IMAX
Also covers: AMC, BOWL, CNK +15 more
Drew Crum
B. Riley Securities
3 questions for IMAX
Also covers: CNK, CRSR, HEAR +3 more
OM
Omar Mejias
Wells Fargo
3 questions for IMAX
Also covers: CNK
OM
Omar Mejias Santiago
Wells Fargo
3 questions for IMAX
Also covers: CNK, UNVGY
Patrick Sholl
Barrington Research
3 questions for IMAX
Also covers: CCO, CMLS, CNK +14 more
Stephen Laszczyk
Goldman Sachs
3 questions for IMAX
Also covers: CNK, FNKO, FWONA +10 more
SF
Steven Frankel
Rosenblatt Securities
3 questions for IMAX
Also covers: DLB, HLIT, LINC +4 more
PS
Patrick Scholl
Barrington Research Associates, Inc.
2 questions for IMAX
Also covers: FLNT
SH
Scott Hastings
JPMorgan Chase & Co.
2 questions for IMAX
SF
Steve Frankel
Rosenblatt
2 questions for IMAX
Also covers: DLB, SONO, UTI
DS
David Steger
Seaport Research Partners
1 question for IMAX
Mike Hickey
The Benchmark Company LLC
1 question for IMAX
Also covers: CNK, EA, GAMB +9 more
Recent press releases and 8-K filings for IMAX.
IMAX Announces Strong Q4 and Full Year 2025 Financial Performance and 2026 Guidance
IMAX
Earnings
Guidance Update
Share Buyback
- IMAX reported strong financial performance for fiscal year 2025, including record operating cash flow of $127 million, $410.2 million in revenues, and a Total Adjusted EBITDA margin of 45.1%.
- The company achieved $1.28 billion in Global Box Office and 160 system installations in 2025, with a contracted backlog of 434 systems for future growth.
- For 2026, IMAX provides guidance of approximately $1.4 billion in IMAX Box Office and a Total Adjusted EBITDA Margin of mid-40s (floor of 45%).
- Strategic initiatives include an expected 75 Local Language titles in 2026 and partnerships with streaming platforms, while the company also has $251 million available under its share repurchase program.
2 days ago
IMAX Reports Record 2025 Financial Results and Provides Strong 2026 Guidance
IMAX
Earnings
Guidance Update
New Projects/Investments
- IMAX reported a record-breaking year in 2025, with $1.28 billion in global box office (up 40% year-over-year), $410 million in total revenue (up 16% over 2024), $185 million in adjusted EBITDA, and $1.45 in adjusted EPS. The company also achieved a record 45% adjusted EBITDA margin and $127 million in operating cash flow.
- The company significantly expanded its network in 2025, installing 160 systems worldwide (up 10% year-over-year) and signing agreements for 166 new and upgraded systems. This growth was driven by strong demand in markets like the U.S., Japan, France, and Australia.
- For 2026, IMAX projects continued strong performance with an anticipated $1.4 billion in global box office and 160-175 system installations worldwide, expecting an adjusted EBITDA margin in the mid-forties range, with a floor of 45%.
- IMAX outlined long-term financial targets through 2028, aiming for high single to low double-digit compound annual revenue growth, an adjusted EBITDA margin of over 50%, and adjusted EPS growth at twice the rate of revenue. The company also plans for free cash flow conversion of approximately 50% in 2026 and growing.
- The company is leveraging its strong balance sheet with $151 million in cash to invest in network growth, diversify its content slate with a strong pipeline of blockbuster films and alternative content like live F1 broadcasts, and explore opportunities in new and existing markets.
2 days ago
IMAX Reports Record 2025 Financial Results and Provides Strong 2026 Outlook
IMAX
Earnings
Guidance Update
Revenue Acceleration/Inflection
- IMAX reported a record-breaking 2025, with global box office reaching $1.28 billion, up 40% year-over-year, and total revenue of $410 million, a 16% increase over 2024. The company achieved a record Adjusted EBITDA margin of 45% and Adjusted EPS of $1.45 for the full year.
- The company closed 2025 with a strong Q4, delivering record box office of $336 million and revenues up 35% year-over-year. IMAX also installed 160 systems worldwide in 2025, expanding its network.
- For 2026, IMAX projects $1.4 billion in global box office and 160-175 system installations, expecting an Adjusted EBITDA margin in the mid-forties range. The company aims for an Adjusted EBITDA margin of over 50% by 2028 and free cash flow conversion of approximately 50% in 2026.
- IMAX highlighted a strong content slate extending into 2029 and a robust balance sheet, ending 2025 with $151 million in cash and a net leverage of 0.7x. The company also renewed its revolving credit facility to $375 million and refinanced convertible notes.
2 days ago
IMAX Reports Record Q4 and Full-Year 2025 Results, Provides Strong 2026 Outlook
IMAX
Earnings
Guidance Update
New Projects/Investments
- IMAX achieved a record $1.28 billion in global box office and $410 million in total revenue for the full year 2025, with adjusted EBITDA of $185 million and adjusted EPS of $1.45.
- The company reported a record adjusted EBITDA margin of 45% and record operating cash flow of $127 million in 2025.
- For 2026, IMAX projects $1.4 billion in global box office and 160-175 system installations worldwide, with an adjusted EBITDA margin in the mid-forties range, with a floor of 45%.
- IMAX aims for high single to low double-digit compound annual revenue growth through 2028, with adjusted EBITDA margin exceeding 50% by 2028 and adjusted EPS growth at twice the rate of revenue.
- The company ended 2025 with $151 million in cash and $289 million in debt, resulting in a net leverage of 0.7 times, and plans to use its strong balance sheet to accelerate network expansion.
2 days ago
IMAX Reports Record Q4 and Full Year 2025 Results
IMAX
Earnings
Guidance Update
Share Buyback
- IMAX Corporation reported record full year 2025 revenue of $410 million, an increase of 16% year-over-year, achieving a net income margin of 11% and a record Adjusted EBITDA margin of 45%.
- The company recorded its highest grossing year ever for global box office at $1.28 billion, with 160 system installations in 2025 and an increase to 1,796 IMAX locations.
- Cash from operating activities increased 79% year-over-year to $127 million in 2025, and available liquidity stood at $545 million as of December 31, 2025. The share repurchase program was extended and increased by $100.0 million, with $250.7 million available.
- For 2026, IMAX provided guidance projecting $1.4 billion in IMAX box office and 160 to 175 system installations, with an expected Adjusted EBITDA margin in the mid-40s (above 45%).
2 days ago
IMAX Corporation Reports Strong Full Year 2025 Results and Positive 2026 Guidance
IMAX
Earnings
Guidance Update
Share Buyback
- IMAX Corporation reported record revenue of $410 million for full year 2025, marking a 16% increase year-over-year, with a Net Income margin of 11% and a record Adjusted EBITDA margin of 45%.
- The company achieved its highest grossing year ever for global box office at $1.28 billion in 2025, alongside 160 system installations and 166 system signings.
- For 2026, IMAX provides guidance for $1.4 billion in IMAX box office, 160 to 175 system installations, and an Adjusted EBITDA margin above 45%.
- As of December 31, 2025, IMAX had $545 million in available liquidity and increased its share repurchase program by $100.0 million, with $250.7 million remaining under the program.
2 days ago
IMAX Reports Record Global Box Office for 2025
IMAX
Guidance Update
Revenue Acceleration/Inflection
- IMAX achieved a record $1.28 billion in global box office for 2025, representing a +40% year-over-year growth and exceeding its previous record by +13%.
- The company set new box office records in all three prime geographies: North America ($449 million), China ($407 million), and Rest of World international markets ($427 million) in 2025.
- IMAX expects continued global box office growth in 2026, with guidance set at a record $1.4 billion.
- The company also achieved its biggest global market share ever at 3.8% in 2025.
Jan 7, 2026, 1:30 PM
IMAX Investor Day 2025 Highlights Record Box Office, Strong Growth Outlook, and Strategic Expansion
IMAX
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- IMAX reported a record-breaking year for box office, achieving $1.13 billion as of December 1, 2025, and projecting over $1.25 billion for the full year 2025, with guidance for approximately $1.4 billion in 2026.
- The company is on track for significant network expansion, expecting at least 166 system signings in 2025 (a 16% increase over 2019) and guiding for 160-175 system installations in 2026, supported by a backlog of over 470 systems.
- Local language content is a substantial growth driver, contributing 35%-40% of IMAX's box office in 2025, with strong performance in markets like China (74%), Japan (67%), and South Korea (40%).
- IMAX provided a strong financial outlook, with Adjusted EBITDA margins expected to be at or above 43% for 2025 and 45% for 2026, targeting over 50% by 2028, and Free Cash Flow Conversion projected to reach 50% by 2026.
- The Total Addressable Market (TAM) analysis was revised upwards from 3,600 to 4,500 potential trading zones, indicating significant future growth opportunities, with current global penetration at 39%.
Dec 4, 2025, 5:00 PM
IMAX Reports Record Box Office and Provides Strong 2026 and Long-Term Guidance
IMAX
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- IMAX achieved its highest grossing year in history with global box office exceeding $1.13 billion, tracking to more than $1.25 billion for the full year 2025. Year-to-date September 2025, the company reported 10% revenue growth, 32% adjusted net income growth, 26% adjusted EBITDA growth, and 65% cash from operations growth.
- For 2026, IMAX projects approximately $1.4 billion in box office, 9%-12% IMAX box office growth, and 160-175 system installations. Adjusted EBITDA margin is expected to be at or above 45%.
- The company provided a three-year outlook through 2028, targeting high single-digit to low double-digit cumulative average revenue growth, with Adjusted EBITDA margins reaching over 50% and Adjusted EPS expanding at twice the rate of revenue growth.
- IMAX's total addressable market (TAM) analysis was updated, identifying 4,500 potential venues globally, up from 3,600 in 2023, compared to its current 1,800 locations. The company plans mid-single-digit annual network growth and will increase system-related growth CapEx by 30%-35% annually.
- As of September 30, 2025, IMAX maintained a strong capital structure with $143 million in cash and $261 million in debt, resulting in a net leverage of 0.7 times. The company has returned over $175 million to shareholders since 2020.
Dec 4, 2025, 5:00 PM
IMAX Investor Day 2025 Highlights Record Performance and Future Growth Targets
IMAX
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- IMAX announced a record global box office of over $1.25 billion for 2025 and provided strong 2026 guidance, including approximately $1.4 billion in box office, 160-175 system installations, and Adjusted EBITDA margins at or above 45%.
- The company outlined a three-year financial outlook targeting high single-digit to low double-digit revenue growth, Adjusted EPS expanding at twice the rate of revenue growth, and Adjusted EBITDA margins exceeding 50% by 2028.
- IMAX plans significant network expansion, with a committed backlog of over 470 systems and a revised Total Addressable Market (TAM) of 4,500 potential venues globally, up from its current 1,800 locations.
- The business benefits from an asset-light model and strong capital structure, reporting $143 million in cash and 0.7 times net leverage as of September 30th, 2025.
Dec 4, 2025, 5:00 PM
Quarterly earnings call transcripts for IMAX.
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