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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 Corporation reported a record-breaking $277 million in fourth quarter grosses for 2021, marking its best performance since 2017. Driven primarily by Spider-Man: No Way Home, which grossed $83 million, the company achieved a total of $638 million globally for the year, up 146% from 2020. IMAX also had a record year for local language films, generating $181.6 million. The 2022 slate includes at least ten films Filmed for IMAX, hinting at strong future performance.
IMAX Corporation reported a record-breaking performance at the global box office with $36.2 million from 834 IMAX screens during the opening weekend of Sony Pictures' "Spider-Man: No Way Home." The film achieved the 6th biggest IMAX global opening and the largest IMAX opening for any "Spider-Man" film, despite not being released in China. CEO Rich Gelfond emphasized this success as a sign of the theatrical experience's strength, projecting optimism for upcoming releases in 2022, including films shot specifically for IMAX.
IMAX Corporation will present at the Wells Fargo 5th Annual Virtual TMT Summit on December 1, 2021, at 2:40 p.m. EST, led by CEO Richard L. Gelfond. Following this, Gelfond will speak at the UBS Global TMT Virtual Conference on December 7, 2021, at 2:00 p.m. EST. Both presentations will be available for live streaming and archived for 90 days at investors.imax.com. IMAX, known for its innovative entertainment technology, operates 1,664 theater systems across 85 countries.
IMAX, in partnership with Disney and Xperi, announces the launch of IMAX Enhanced on Disney+, debuting on November 12. This service allows fans to stream 13 Marvel titles in IMAX's Expanded Aspect Ratio, offering up to 26% more picture. Key films include Shang-Chi, Avengers: Endgame, and Black Panther, enhancing the home viewing experience. The collaboration aims to provide immersive audio and visual technology in the future. The Marvel Cinematic Universe has grossed over $1.6 billion in IMAX, solidifying its dominance in the market.
IMAX Corporation reported third-quarter 2021 results showing a notable recovery with $56.6 million in revenue, a 51.9% increase year-over-year. The net loss reduced significantly from $47.2 million to $8.4 million, with a loss per share narrowing from $0.80 to $0.14. Adjusted EBITDA improved to $13.1 million, up from a loss of $0.3 million. Global box office revenue exceeded $142 million, indicating strong consumer demand. The company also repurchased shares, reflecting confidence in its recovery amidst a robust film slate for Q4 and 2022.
IMAX Corporation achieved its best October performance, generating $100 million at the global box office, surpassing the previous $84 million record from 2013. This success was driven by the release of Dune, which earned $9 million in North America, accounting for 22.5% of the film's domestic total. The film debuted on 1,300 IMAX screens worldwide, contributing to IMAX's largest global October opening weekend with $17.8 million. IMAX is expected to maintain strong box office performance with upcoming releases like Eternals and Spider-Man: No Way Home.
IMAX Corporation (NYSE: IMAX) will hold a quarterly conference call on October 28, 2021, at 8:30 a.m. ET to discuss its third-quarter financial results. The call will be available via webcast and telephone. U.S./Canada participants can dial (800) 437-2398, while international callers should use (647) 792-1240, with conference code 1560158. A replay will be accessible post-call. As of June 30, 2021, IMAX operated 1,654 theater systems globally.
IMAX Corporation reported a remarkable $30 million at the global box office over the weekend, marking its best October weekend ever and the highest global weekend total since December 2019. Key contributors included Sony/Marvel's 'Venom: Let There Be Carnage', which earned $9.6 million from IMAX screens, and 'No Time to Die', debuting with $6.8 million across 284 IMAX screens internationally. The strong performance indicates a healthy resurgence in global moviegoing, with significant contributions from diverse blockbuster films.
IMAX Corporation (NYSE: IMAX) and Lochmann Filmtheaterbetriebe announced the opening of the world's largest IMAX screen at the Traumpalast Multiplex in Leonberg, Germany, on September 30, 2021. The screen measures 21.03 meters high and 38.16 meters wide, debuting with the premiere of "No Time to Die." The theater features IMAX with Laser technology and a unique 12-channel sound system. This marks IMAX's eighth location in Germany, enhancing its market presence as it continues to grow, focusing on delivering premium movie experiences.
IMAX Corporation announced that CEO Richard L. Gelfond will present at the Goldman Sachs 2021 Communacopia Conference on September 22, 2021, at 2:55 p.m. EST. The event will be accessible via live webcast on the company's investor relations site, with an archive available for 90 days. As of June 30, 2021, IMAX operates 1,654 theater systems globally. The company continues to play a vital role in theatrical distribution for major films, utilizing innovative technology to enhance audience experiences.
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