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Sep 30, 2021
IMAX Q3 2021 Earnings Report
Global Box Office, Revenue, and Gross Margin reached strongest levels since 2019, with net loss significantly reduced.
Key Takeaways
IMAX Corporation reported strong Q3 2021 results, marking a turning point with increased global box office, revenue, and gross margin since 2019. The company saw a significant reduction in net loss and improvement in adjusted EBITDA, driven by pent-up consumer demand and a strong slate of blockbuster films.
IMAX achieved its highest grossing month of October and delivered September grosses above 2019 levels.
Global Box Office reached $142 million, a 100% year-over-year increase.
The company delivered its strongest Global Box Office, Revenue, and Gross Margin since 2019.
IMAX is well-positioned to benefit from the continued evolution of the theatrical marketplace.
Forward Guidance
IMAX anticipates an accelerating pipeline of blockbusters for exclusive theatrical release, expecting to build consumer momentum worldwide through Q4 2021 and 2022.
Positive Outlook
- Continued rebound in domestic and international blockbuster moviegoing.
- Solid operating momentum.
- Strong market share.
- Multiple tentpole films set to be released in the remainder of Q4 and 2022.
- Well positioned to deliver and strengthen position as one of the world's premier entertainment experience.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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