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Sep 30, 2022
IMAX Q3 2022 Earnings Report
IMAX's global entertainment technology platform drove double-digit growth across Revenue, Gross Margin and Adjusted EBITDA.
Key Takeaways
IMAX Corporation reported solid financial results for Q3 2022, demonstrating the value of its global entertainment technology platform and content portfolio, with revenue increasing by 21% to $68.8 million.
IMAX global entertainment technology platform drives double-digit growth across Revenue, Gross Margin and Adjusted EBITDA as well as positive Net Income within IMAX China
Total IMAX Gross Box Office increased 25% year over year to $177.1 million, with 30% of box office coming from Local Language blockbusters
Strong upcoming blockbuster film slate represents significant expected tailwind, as 2022 concludes with “Black Panther: Wakanda Forever” and “Avatar: The Way of Water,” the first of four planned sequels to the highest grossing movie of all time with more than $270 million in IMAX box office receipts
IMAX completes acquisition of streaming technology company SSIMWAVE, enhancing its capabilities to deliver the best images on any screen, out of home and in home
Forward Guidance
As we look toward the end of 2022 and beyond, we see significant potential tailwinds on the horizon, most notably the release of “Black Panther: Wakanda Forever” and “Avatar: The Way of Water”, the long-awaited sequel to the highest grossing IMAX film of all time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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