
Overview
Imax Q2 revenue of $91.7 mln beats analyst expectations
Adjusted EPS of $0.26 surpasses estimates, reflecting strong performance
IMAX box office grows 41% YoY, boosting net income 139%
Outlook
Company says Q3 off to a very strong start
Co expects record $1.2 bln global box office in 2025
IMAX confident in network growth and content slate performance
Result Drivers
NETWORK GROWTH - IMAX reports 50% YoY increase in system installations, driving network growth
BOX OFFICE SURGE - 41% YoY increase in IMAX box office revenue boosts net income margins
TECHNOLOGY ADOPTION - Record number of releases filmed with IMAX technology increases market share
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $91.70 mln | $91.20 mln (12 Analysts) |
Q2 Adjusted EPS | Beat | $0.26 | $0.21 (10 Analysts) |
Q2 EPS |
| $0.2 |
|
Q2 Adjusted Net Income | Beat | $14.60 mln | $11.20 mln (5 Analysts) |
Q2 Net Income |
| $12.20 mln |
|
Q2 Gross Margin |
| 58.5% |
|
Q2 Adjusted EBITDA Margin |
| 42.6% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the entertainment production peer group is "buy"
Wall Street's median 12-month price target for Imax Corp is $32.00, about 9.3% above its July 23 closing price of $29.03
Press Release: ID:nBwbMW1gsa