Imax noticed its highest grossing first quarter ever on the world field workplace with $298 million on the power of a record-breaking Chinese language New 12 months vacation, which delivered triple the corporate’s earlier finest with $182 million.
Phenomenon Ne Zha 2 has earned greater than $164 million in Imax, the corporate’s highest grossing native language. animated movie, and launch in China ever. International field workplace of $298 million in Q1 was up 12% year-over-year with different prime grossing first quarter titles together with Captain America: Courageous New World ($27 million), Mickey 17 ($11 million) and Interstellar re-release ($10 million).
The soar helped the corporate to a beat on income, which rose 10% to $87 million (vs $84.2 million Wall Road anticipated). Adjusted earnings per share was in line at 13 cents.
This 12 months is seeing a report quantity of so-called filmed for Imax releases worldwide together with Sinners final weekened, which kicked off a run of eight consecutive Hollywood releases filmed with Imax cameras.
The corporate affirmed expectations of $1.2 billion in world field workplace in 2025.
The corporate delivered signings for 95 new and upgraded Imax programs worldwide in Q1 – it’s second finest first quarter gross sales outcome.
The corporate “is off to a wonderful begin in 2025 — the basics of our enterprise have by no means been stronger, with report world field workplace and powerful system gross sales and installations progress within the first quarter,” stated CEO Wealthy Gelfond. “With a outstanding world slate scheduled over the subsequent a number of years and surging demand amongst exhibitors, we imagine we’re getting into a brand new period of progress for the corporate.”
Ends in Q1, he stated confirmed progress throughout key strategic areas together with native language and different content material, and system gross sales and installations — and underscore the power of our diversified content material portfolio, with a record-breaking Chinese language New 12 months and powerful different content material lineup greater than offsetting a gradual begin to the Hollywood slate.” Exhibitors, he rightly famous, are more and more including Imax screens because the format tends to over-index the broader market.
He’ll be speaking in regards to the numbers shortly on a name with analysts set for 4:30 ET.
