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Sep 30, 2024
IMAX Q3 2024 Earnings Report
Global entertainment platform delivered net income, EPS, and cash from operations. Strong profitability was highlighted by adjusted EBITDA and adjusted EPS. Network growth accelerated with system installs, and robust sales activity saw system signings climb. A diverse year-end slate is poised to drive momentum into 2025.
Key Takeaways
IMAX reported solid financial results for Q3 2024, demonstrating the value of its global entertainment platform and content portfolio. The company expects 2025 to be its best year ever at the global box office, with more than $1.2 billion in IMAX grosses worldwide.
Net Income of $14 million (+16% YoY), EPS of 26 cents (+18% YoY), and Cash from Operations of $35 million (+23% YoY).
Total Adjusted EBITDA of $39 million at a 42% margin; and Adjusted EPS of 35 cents, matching a third quarter record.
IMAX expects to deliver on high-end of full-year installation guidance, with 49 system installs (+63% YoY) worldwide in Q3.
System signings climb to 119 to-date — outpacing 129 signings for full-year 2023.
Revenue by Segment
Forward Guidance
IMAX expects to deliver record of more than $1.2 billion in global box office in 2025 as promising slate solidifies.
Positive Outlook
- Exceptional content pipeline
- Accelerating system installations
- Robust sales activity worldwide
- Slate next year is highlighted by at least 14 Filmed for IMAX® releases worldwide shot with our cameras, for our screens
- Demand for the IMAX platform is strong among our global exhibition partners
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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