Imax Corp Stock Price, News & Analysis

IMAX Corporation and Helios, Poland's largest cinema chain, have announced a strategic partnership to open two new IMAX with Laser locations in Gdynia and Szczecin. The theaters will debut with the premiere of 'Avatar: Fire and Ash'. This expansion will increase IMAX's presence in Poland from six to eight locations, marking the first new openings since 2022 and the first partnership with a new exhibitor since 2003. The new locations will feature IMAX's advanced 4k laser projection system, offering enhanced image quality with brighter visuals, increased resolution, deeper contrast, and a wider color range. The partnership represents IMAX's commitment to growth in Poland's dynamic market and Helios' strategy to invest in both metropolitan and regional cities.

IMAX Corporation (NYSE: IMAX) has announced a $100 million increase to its share repurchase program, bringing the total authorization to $500 million, with approximately $250 million still available. The program has also been extended by one year through June 30, 2027. Since the program's inception in July 2017, IMAX has repurchased 15.1 million common shares, representing about 23% reduction in shares outstanding, for a total of $249.3 million. The company can execute repurchases through open market or private transactions, including Rule 10b5-1 plans, subject to market conditions and legal requirements. The program is voluntary and can be suspended at any time, excluding shares repurchased for employee share-based compensation plans.

IMAX (NYSE: IMAX) has achieved a significant milestone with "Mission: Impossible — The Final Reckoning", generating a $31 million global opening through Monday — the largest IMAX global debut in the franchise's history. The film captured 14.2% of global box office from less than 900 IMAX screens, marking the second-biggest Memorial Day Weekend debut for IMAX, following "Top Gun: Maverick".

The movie secured $15.7 million in international markets, setting a record for Tom Cruise's biggest IMAX international opening. In North America, it earned $15.3 million, representing 20% of the domestic opening weekend. The film, shot with IMAX digital cameras, will continue its run for two weeks and is yet to open in China on May 30.

IMAX Corporation (NYSE: IMAX) and EVT (ASX: EVT) have announced a major partnership expansion with an agreement for four new IMAX® with Laser systems across Australia. This marks the largest deal for new IMAX locations in Australia, tripling IMAX's network with EVT. Three locations will open by 2026, with another in 2027.

EVT, now Australia's largest IMAX operator, currently operates the IMAX Sydney in Darling Harbour (consistently ranking among top 5 global locations) and Event Cinemas Pacific Fair on the Gold Coast. The partnership spans Australia, New Zealand, and Germany, with seven existing locations and seven more planned.

Australia has been IMAX's top-performing market by per-screen-average in 2024, generating $4.5 million per screen, significantly outperforming other markets. The IMAX network in Australia has grown eightfold since late 2022, with four current locations and five more planned.

IMAX (NYSE: IMAX) and Regal Cinemas have expanded their partnership with an agreement for four new IMAX® with Laser locations in major U.S. metropolitan areas. The deal includes a new IMAX theatre at L.A. LIVE featuring an 80-foot screen and IMAX 70mm film projector, plus locations in Houston, Washington DC area, and Sherman Oaks. Three locations will open in 2025, with one in 2026.

The agreement also includes the renewal of 33 existing Regal IMAX locations and ten previously contracted upgrades to IMAX with Laser in 2025. Regal Cineworld, Regal's parent company, operates 132 IMAX screens globally. The new locations will feature IMAX with Laser technology, offering 4k laser projection, custom lenses, and proprietary technology for enhanced viewing experience.

IMAX has announced its participation in the upcoming 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference in Boston, MA. The company's CFO, Natasha Fernandes, will engage in a virtual fireside chat scheduled for Wednesday, May 14th at 1:40 p.m. ET.

Key details of the event:

• Event location: Boston, Massachusetts
• Format: Virtual fireside discussion
• Speaker: IMAX CFO Natasha Fernandes
• Additional activities: One-on-one investor meetings

Investors and interested parties can access a live webcast of the fireside chat through the IMAX investor relations website at investors.imax.com.

IMAX reported strong Q1 2025 financial results with revenues reaching $87 million (+10% YoY), net income of $8 million (+52% YoY), and Total Adjusted EBITDA of $37 million (+15% YoY). The company achieved a record Q1 box office of $298 million (+12% YoY), driven by successful releases including 'Ne Zha 2,' which became the highest-grossing IMAX release in China.

System growth showed significant momentum with 95 new system signings (+87 systems YoY) and 21 system installations (+40% YoY). The commercial network expanded to 1,738 systems with a backlog of 516 systems. The company maintains strong liquidity of $401 million, including $97 million in cash and available credit facilities.

Technology Products and Services segment saw revenue growth of 17% to $51 million, while Content Solutions revenue increased 1% to $34 million. IMAX is positioned for future growth with eight consecutive Filmed For IMAX® releases planned for summer 2025.

IMAX (NYSE: IMAX) has scheduled its first-quarter 2025 financial results conference call for Wednesday, April 23rd at 4:30 p.m. Eastern Time. The event will be accessible through a webcast at the company's investor relations website. Participants joining via telephone must pre-register through a provided link to receive dial-in credentials. To ensure timely participation, attendees are advised to connect ten minutes before the scheduled start time. A replay of the conference call will be made available through the company's investor relations website.

IMAX (NYSE: IMAX) and TOHO Cinemas have announced an expansion of their partnership with six new IMAX With Laser systems across Japan. The agreement includes two new locations in Tokyo and expansions into suburban areas including Utsunomiya, Nisshin, Toyama, and Motosu.

Four locations will open by end of 2025, with Toyama and Motosu following in first half of 2026. Notably, TOHO Cinemas Hibiya will become the first location outside North America to house two IMAX systems. This expansion makes TOHO Cinemas IMAX's largest exhibition partner in Japan, with 9 current locations and 7 more planned by 2026.

The partnership has shown strong performance, with TOHO Cinemas operating three of Japan's four highest-grossing IMAX locations in 2024. Japan ranks as IMAX's third-highest-grossing market globally, with 53 current locations and 17 in backlog.