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IMAX Corporation (NYSE: IMAX) stands as a premier global technology platform for entertainment and events. Renowned for its immersive cinematic experiences, IMAX combines proprietary software, specialized auditorium architecture, and patented technology to deliver unparalleled visual and sound quality. The company's innovative approach enables it to be a leader in multiple facets: as a technology innovator, a Hollywood collaborator, and a global enterprise.
IMAX partners with top filmmakers and studios to enhance blockbuster movies and documentaries, ensuring that every film shown in its theaters offers a unique, awe-inspiring experience. The company's state-of-the-art systems are operational in over 1,772 theaters across 90 countries, making it a dominant force in the global cinema landscape.
Recent achievements highlight the company's robust performance and innovation. For instance, IMAX recorded a stellar 22% of the global box office for 'Dune: Part Two' in its second weekend, marking the biggest global weekend market share in the company's history. Furthermore, IMAX has expanded its footprint by partnering with Major Cineplex in Thailand and Miraj Cinemas in India, adding numerous state-of-the-art IMAX with Laser systems.
Financially, IMAX remains solid with significant liquidity and a strategic share-repurchase program aimed at enhancing shareholder value. As of March 31, 2024, the company reported available liquidity of $367.0 million and continues to invest in technology and global expansion.
IMAX's commitment to innovation extends beyond just films. It is also a pioneer in live events, gaming, and virtual reality experiences. Additionally, the company maintains a strong presence on social media and regularly engages with its audience through platforms like Instagram, Facebook, LinkedIn, X (formerly Twitter), and YouTube.
Headquartered in New York, Toronto, and Los Angeles, IMAX also operates offices in London, Dublin, Tokyo, and Shanghai. The company continues to drive forward with plans for further global expansion and technological advancements, solidifying its position as a leader in the entertainment industry.
IMAX reported strong Q4 and full-year 2024 results, with Q4 Net Income reaching $5 million (+112% YoY) and EPS of 10 cents (+100% YoY). The company achieved 146 system installations for the full year, meeting the high-end of initial guidance.
Full-year performance included Net Income of $26 million (+3% YoY) at 7.4% margin, Total Adjusted EBITDA of $139 million (-4% YoY) at 39.4% margin, and Cash from Operations of $71 million (+21% YoY). The company's network expanded to 1,735 systems (+2.5% YoY) with a backlog of 440 systems.
For 2025, IMAX projects record box office exceeding $1.2 billion and Total Adjusted EBITDA margin of 40%+, with planned installations of 145-160 systems. The company has already set a box office record during Chinese New Year with $130 million, up 90% from previous best.
IMAX (NYSE: IMAX) achieved record-breaking performance during the 2025 Chinese New Year, generating $53 million in box office revenue during the 7-day holiday period ended February 4. This represents a 57% increase from the previous record of $34 million set in 2023.
The company reached its highest attendance ever with 5.5 million admissions nationwide and secured a 4.3% market share on only 1% of screens. The animated blockbuster 'Ne Zha 2' led with $36 million, becoming the fourth highest-grossing IMAX local language release ever. Other notable performances included 'Creation of the Gods II: Demon Force' ($7.6 million), 'Legend of the Condor Heroes: The Gallants' ($3.7 million), and 'Operation Hadal' ($2.7 million).
The films will continue playing throughout the IMAX China network for another month, alongside international releases including Disney's 'Captain America: Brave New World'.
IMAX (NYSE: IMAX) has announced it will hold a conference call to discuss its fourth quarter and full-year 2024 financial results on Wednesday, February 19th at 4:30 p.m. Eastern Time. The call will be accessible via webcast through the company's investor relations website.
Participants interested in joining via telephone must pre-register through a provided link to receive a dial-in number and unique pin. To ensure timely participation, callers are advised to dial in ten minutes before the scheduled start time. A replay of the call will be made available via webcast on IMAX's investor relations website.
IMAX (NYSE: IMAX) has announced a virtual fireside chat featuring IMAX China CEO Daniel Manwaring scheduled for January 9th, 2025, at 10:00 a.m. ET. The event will showcase IMAX China's Chinese New Year slate and include discussions about the company's content portfolio and China's box office environment.
Manwaring, who assumed the CEO position at IMAX China in December 2022, previously served as head of media finance across Asia at Creative Artists Agency for a decade. Interested participants can register for the live webcast through the IMAX investor relations website at investors.imax.com. Questions can be submitted in advance to InvestorRelations@imax.com.
IMAX (NYSE: IMAX) has announced its participation in the 8th Annual Wells Fargo TMT Summit in Rancho Palos Verdes, CA. The company's CFO, Natasha Fernandes, will participate in a virtual fireside chat on Tuesday, December 3rd at 12:30 p.m. ET (9:30 a.m. PT).
The event will include one-on-one investor meetings, and a live webcast of the fireside chat will be available on the IMAX investor relations website at investors.imax.com.
IMAX reported solid Q3 2024 results with Net Income of $14 million (+16% YoY) and EPS of 26 cents (+18% YoY). The company installed 49 new systems (+63% YoY) and achieved Cash from Operations of $35 million (+23% YoY). Total revenue was $91.5 million, with Total Adjusted EBITDA of $39 million at a 42% margin. System signings reached 119 year-to-date, surpassing 2023's full-year total. IMAX projects record global box office exceeding $1.2 billion in 2025, supported by a strong content pipeline including 14 Filmed for IMAX releases.
IMAX (NYSE: IMAX) has announced that it will hold a conference call to discuss its third quarter 2024 financial results on Wednesday, October 30th at 4:30 p.m. Eastern Time. The call will be webcast and can be accessed through the company's investor relations website. To join the call via telephone, participants must pre-register using a provided link, which will supply them with a dial-in number and unique pin.
To ensure a smooth experience, IMAX encourages participants to dial in ten minutes before the scheduled start time. For those unable to attend live, a replay of the call will be available via webcast on IMAX's investor relations website.
IMAX (NYSE: IMAX) has appointed Jonathan Fischer as Chief Content Officer, responsible for overseeing the company's content strategy across various platforms. Fischer, previously Vice President of Content Strategy & Analysis, Global Films at Netflix, will be based in IMAX's Playa Vista office and report to CEO Rich Gelfond.
In his new role, Fischer will manage IMAX's expanding content portfolio, which includes over 100 experiences across films, documentaries, music, sports, and gaming in 2024. He will work with Distribution, Post-Production, and IMAX Documentaries teams, while collaborating on new business initiatives. Fischer's experience includes leadership roles at Illumination Entertainment, New Regency Entertainment, and various other entertainment companies.
This appointment aligns with IMAX's strategy to offer a more diverse content portfolio to global audiences, leveraging Fischer's expertise in content strategy and analysis.
IMAX (NYSE: IMAX) announced that Disney's "Moana 2" and "Mufasa: The Lion King" will be shown in IMAX theaters globally later this year. "Moana 2", the sequel to the 2016 hit, will debut on November 27, while "Mufasa: The Lion King" will premiere on December 20. The Walt Disney Studios released a new poster and TV spot for "Moana 2", featuring a snippet of a new song called "We're Back".
IMAX CEO Rich Gelfond expressed excitement about the films strengthening IMAX's year-end slate. Disney's EVP of Theatrical Distribution, Tony Chambers, highlighted the opportunity for audiences to experience these films on IMAX's screens worldwide. Both movies feature star-studded voice casts and are produced using advanced filmmaking techniques.
IMAX (NYSE: IMAX) has announced its participation in the 2024 Bank of America Media, Communications and Entertainment Conference in New York, NY. The event will feature a fireside chat with IMAX CEO Rich Gelfond on Wednesday, September 4th at 2:50 p.m. ET. This virtual fireside chat will be accessible via a live webcast on the IMAX investor relations website.
In addition to the fireside chat, IMAX representatives will engage in one-on-one investor meetings during the conference. This participation underscores IMAX's commitment to investor relations and provides an opportunity for the company to share insights with industry professionals and potential investors.
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