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Dec 31, 2023
IMAX Q4 2023 Earnings Report
IMAX reported strong Q4 2023 results, marked by growth in key financial metrics and strategic expansion.
Key Takeaways
IMAX Corporation reported its Q4 and Full-Year 2023 financial results, demonstrating strong top and bottom-line growth for the full year. The company saw an increase in Net Income, Adjusted EPS, Adjusted EBITDA, and system installations. IMAX achieved a global box office of approximately $1.1 billion.
IMAX grew Net Income by $48 million and Adjusted EPS by 88 cents year-over-year.
Adjusted EBITDA increased by 52% and system installations grew by nearly 40%.
A record 61 system installations came from strategic Rest of World markets.
IMAX estimates its current network is at 47% penetration with potential for nearly 2,000 additional locations.
Revenue by Segment
Forward Guidance
The Company expects the following for the full year 2024:
Positive Outlook
- IMAX Gross Box Office: Similar to 2023
- System Installations: 120 to 150 Systems
- Total Consolidated Adjusted EBITDA Margin: High 30’s percent
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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