Imax Corp Stock Price, News & Analysis

IMAX (NYSE: IMAX) priced $220,000,000 aggregate principal of 0.75% convertible senior notes due Nov 15, 2030, with an initial purchaser option for an additional $30,000,000. The notes settle Nov 6, 2025 and pay interest semi‑annually.

The initial conversion rate is 23.5743 shares per $1,000 (≈$42.42 per share), a ~30% premium to the $32.63 closing on Nov 3, 2025. Net proceeds are expected to be ≈$212.0M (≈$241.1M if option exercised).

Proceeds plus borrowings will fund capped calls (≈$19.3M cost) and the repurchase of outstanding 2026 notes (≈$229.7M principal repurchased for ≈$276.0M). A capped call cap price is $57.1025 (75% premium).

IMAX (NYSE: IMAX) intends to privately offer $220.0M aggregate principal amount of convertible senior notes due November 15, 2030, with an initial purchaser option for an additional $30.0M. The notes will be senior unsecured, accrue semi‑annual interest, and be convertible in specified circumstances with settlement in cash or cash plus shares at IMAX’s election.

IMAX plans to use proceeds to fund capped call hedges, partially repurchase its 0.500% 2026 notes, and for working capital, share repurchases or other general corporate purposes. The company expects capped calls to limit dilution to a targeted ~75% premium to the last reported share price at pricing, but market and hedging activity could affect share and note prices and the initial conversion price.

Cinemark (CNK) and IMAX announced a 17-location agreement to expand IMAX with Laser and IMAX 70mm film systems across the U.S. and South America on October 27, 2025.

Key actions: add 4 new IMAX with Laser in the U.S., upgrade 12 systems to IMAX with Laser (making Cinemark’s entire U.S. IMAX footprint IMAX with Laser), and activate 3 IMAX 70mm film projectors in Woodridge (Chicago), Colorado Springs, and Rochester. The three 70mm sites will be operational before July 17, 2026, ahead of Christopher Nolan’s The Odyssey release.

The deal emphasizes enhanced immersive offerings, using IMAX’s 4K laser projection and proprietary optics to improve image brightness, contrast, and color for Cinemark guests.

IMAX (NYSE: IMAX) reported record third quarter 2025 results: $106.7M revenue (+17% YoY), $22.6M net income (+48% YoY) and $51.8M adjusted EBITDA (+34% YoY) with margins of 21.2% net and 48.6% adjusted EBITDA. The company generated a record quarterly operating cash inflow of $67.5M and reported nine-month operating cash of $98M (+65% YoY). IMAX third-quarter global box office reached $368M (+50% YoY) and local language box office was $343M through September. System signings of 142 YTD pace installations to the high end of 2025 guidance (150–160).

IMAX (NYSE: IMAX) will report third-quarter 2025 financial results and host a conference call on Thursday, October 23, 2025 at 8:30 a.m. ET. The call will be webcast and accessible at the company’s investor relations site. Telephone participants must pre-register to receive a dial-in number and unique PIN; registrants are encouraged to dial in 10 minutes early to avoid delays. A replay of the call will be available via webcast on IMAX’s investor relations website.

IMAX (NYSE:IMAX) has achieved remarkable success with the global rollout of "Demon Slayer: Infinity Castle", generating $20 million worldwide in a single weekend. The film's North American debut brought in $13 million, representing 19% of the domestic box office. This performance has helped IMAX reach a new record of $316 million in local language box office for 2025, surpassing its previous record of $243 million from 2023.

The anime blockbuster has accumulated $58.5 million across more than 70 markets globally, becoming the highest-grossing Japanese release ever in IMAX. The film has set IMAX opening weekend records in multiple countries, including Spain, Turkey, Nigeria, Mexico, Chile, and Colombia. Local language releases now account for 35% of IMAX's total box office year-to-date.

IMAX Corporation (NYSE:IMAX) announced its participation in the upcoming 2025 Bank of America Media, Communications & Entertainment Conference in New York. CEO Rich Gelfond will participate in a virtual fireside chat on September 3rd at 8:50 a.m. ET.

The company will also conduct one-on-one investor meetings during the conference. Investors can access the fireside chat through a live webcast on the IMAX investor relations website at investors.imax.com.

IMAX Corporation (NYSE: IMAX) and Apple Cinemas have announced a significant expansion of their partnership with an agreement for five IMAX with Laser systems across the United States, effectively doubling their current footprint. The deal includes IMAX's return to Philadelphia in 2026 at the Riverview Plaza multiplex, one new system at a location to be determined, and three IMAX with Laser upgrades to existing locations in Maine, New Hampshire, and California.

The expansion follows the successful IMAX with Laser upgrade at Apple Cinemas White Plains in New York. This agreement is part of IMAX's strong performance in 2025, having already secured deals for 130 new or upgraded systems this year, matching their entire 2024 performance. The partnership between IMAX and Apple Cinemas will grow from three locations at the start of 2025 to six locations across six states.

All new and upgraded locations will feature IMAX with Laser technology, offering 4K laser projection, enhanced optical engines, and custom-designed lenses for superior image quality.

IMAX Corporation (NYSE:IMAX) reported strong Q2 2025 financial results, demonstrating significant growth across key metrics. Total revenue reached $91.7 million, up 3% year-over-year, while net income surged 139% to $12.2 million.

The company achieved notable operational milestones, including 36 system installations in Q2 (+50% YoY) and 123 signings year-to-date. IMAX box office grew 41% YoY, contributing to a record North American quarter of $143 million. The company's global box office market share increased 19% to 3.6%.

Financial highlights include an improved net income margin of 13.3% (up 760 basis points) and Adjusted EBITDA margin of 42.6% (up 780 basis points). IMAX maintains strong liquidity of $416 million and remains on track to deliver $1.2 billion in global box office for 2025.