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Imax Corp. (IMAX)
NYSE:IMAX
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.17Last Year’s EPS
0.15Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -1.07%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted IMAX's strong strategic positioning, expansion, and financial performance, particularly with a record-breaking start to 2025 in the Chinese market. Despite challenges in 2024, the company has shown resilience and adaptability, setting the stage for a promising year ahead.Company Guidance
During the IMAX Corporation's fourth quarter 2024 earnings call, CEO Richard Gelfond outlined the company's strong financial performance and strategic advances, projecting over $1.2 billion in IMAX grosses for 2025. He highlighted a 48% increase in adjusted EBITDA to $37 million and a 59% rise in adjusted EPS to $0.27 per share for the fourth quarter. For the full year 2024, IMAX reported revenues of $352 million with an adjusted EBITDA margin of 39%, achieving the high end of their guidance. Gelfond also emphasized the record-breaking success of the Chinese New Year slate, which surpassed $120 million, indicating a robust turnaround in the China market. Additionally, the company achieved 146 system installations, with 57% under joint revenue sharing arrangements, and secured 130 system signings, with 60% of new locations in growth markets outside North America. Looking ahead, IMAX expects continued growth driven by a strong film slate and expanded global network, with guidance for adjusted EBITDA margin to be at least 40% in 2025.Record-Breaking Chinese New Year Performance
IMAX experienced a historic Chinese New Year slate, achieving more than $120 million in box office revenue and surpassing their previous record of $66 million in 2023.
Expansion of Global Network
IMAX expanded its global network, signing 130 systems and installing 146 systems in 2024, with 57% under joint revenue sharing arrangements.
Strong Adjusted EBITDA and EPS Growth
For Q4, adjusted EBITDA increased by 48% to $37 million, and adjusted EPS grew by 59% to $0.27 per share.
Strategic Partnerships and Content Expansion
IMAX secured a first-of-its-kind partnership with Netflix for Greta Gerwig's Narnia, and expanded its content portfolio to a record 118 films, including 61 local language films.
Operational Efficiency and Cost Management
IMAX improved operating cash flows by 21% year-over-year to $71 million and achieved an adjusted EBITDA margin of 39% for the full year.
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IMAX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IMAX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $27.22 | $26.93 | -1.07% |
| Oct 30, 2024 | $21.68 | $24.30 | +12.08% |
| Jul 25, 2024 | $17.83 | $19.40 | +8.81% |
| Apr 25, 2024 | $17.66 | $17.46 | -1.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Imax Corp. (IMAX) report earnings?
Imax Corp. (IMAX) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Imax Corp. (IMAX) earnings time?
Imax Corp. (IMAX) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IMAX EPS forecast?
IMAX EPS forecast for the fiscal quarter 2025 (Q1) is 0.17.
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