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Dec 31, 2025
IMAX Q4 2025 Earnings Report
IMAX Q4 2025 Earnings Report was released, showing record-breaking annual performance and strong quarterly growth.
Key Takeaways
IMAX delivered a transformational 2025, achieving its highest-ever annual revenue and global box office. The fourth quarter saw a 35% revenue increase year-over-year, driven by record box office performance from titles like Avatar: Fire and Ash. The company expanded its total addressable market to 4,500 zones and provided strong 2026 guidance.
Achieved record full-year 2025 revenue of $410 million and record global box office of $1.28 billion.
Q4 2025 revenue grew 35% year-over-year to $125.2 million, with Adjusted EBITDA margin reaching 45.6%.
System installations for the year reached 160, hitting the high end of guidance, while signings increased 28% to 166.
Increased total addressable market to 4,500 zones, double the current combined network and backlog.
Revenue by Segment
Forward Guidance
IMAX expects 2026 to be another strong year driven by a record slate of Filmed For IMAX releases and network expansion.
Positive Outlook
- Projected 2026 global box office of $1.4 billion.
- Expected 160 to 175 system installations in 2026.
- Adjusted EBITDA margin expected to be above 45%.
- Strongest ever film slate including Christopher Nolan's 'The Odyssey'.
- Expansion into high-PSA markets like Japan, Australia, and Germany.
Challenges Ahead
- Potential impact of geopolitical tensions on international operations.
- Risks associated with the performance of remastered films.
- Competition from AI-generated content and streaming platforms.
- Sustained inflationary pressures affecting costs.
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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