Cinema operator IMAX beats Q3 revenue, profit expectations

Overview * IMAX Q3 revenue rises 16.6% yr/yr to $106.7 mln, beating analysts' expectations * Adjusted EPS and net income for Q3 also beat consensus * Company reports record Q3 cash flow of $67.5 mln from operating activities Outlook * IMAX remains on track for $1.2 bln in global box office in 2025 * Company expects system installations to reach high end of 2025 guidance of 150-160 * IMAX anticipates at least four major releases in 2026 Result Drivers * GLOBAL BOX OFFICE – IMAX achieved its highest grossing Q3 ever with $368 mln, up 50% YoY, driven by diverse content including local language films * SYSTEM INSTALLATIONS – Demand for IMAX systems remains strong with installations surpassing 2024 totals and pacing to high-end of full year guidance * CONTENT DIVERSITY – Diverse content mix, including local language and alternative content, drove significant box office growth Key Details Metric Beat/Mis Actual Consensu s s Estimate Q3 Beat $106.70 $105.15 Revenue mln mln (12 Analysts ) Q3 Beat $0.47 $0.38 Adjusted (10 EPS Analysts ) Q3 EPS $0.37 Q3 Beat $26.20 $18.44 Adjusted mln mln (7 Net Analysts Income ) Q3 Net $22.60 Income mln Q3 Gross 63.10% Margin Q3 48.60% Adjusted EBITDA Margin 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 $38.50, about 16.8% above its October 21 closing price of $32.05 * The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 22 three months ago Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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