Imax Corp Stock Price, News & Analysis

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.

IMAX Corporation (NYSE: IMAX) announced that CEO Richard L. Gelfond will present at the Bank of America Securities 2021 Media, Communications and Entertainment Conference on September 13, 2021, at 3:15 p.m. EST. The presentation will be webcast live, available at investors.imax.com, and archived for 90 days. IMAX continues to innovate in entertainment technology, operating 1,654 theaters in 85 countries as of June 30, 2021, and remains a key player in major event film distribution.