IMAX Corporation reported a strong fourth quarter in 2019, with revenues increasing by 14% year-over-year to $124.3 million and net income increasing significantly to $21.4 million. The company's adjusted EBITDA also saw a substantial rise, reaching $47.0 million.
Total revenue increased 14% year-over-year to $124.3 million.
Net income increased to $21.4 million, a 461% increase year-over-year.
Adjusted EBITDA increased 29% year-over-year to $47.0 million.
Diluted net income per share was $0.35.
The company is closely monitoring the health crisis in China and looks forward to circumstances improving and IMAX continuing to satisfy China’s strong demand for premium quality content and entertainment experiences.
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