Imax Corp Stock Price, News & Analysis

IMAX Corporation (NYSE:IMAX) will host a quarterly conference call on February 23 at 5:00 p.m. ET to discuss its fourth-quarter and full-year 2021 financial results. This call will be available via webcast on the company's investor relations page. Participants can join by telephone by dialing the US number (888) 220-8474 or the international number (647) 484-0475, using conference ID 6273867. IMAX operates 1,664 theater systems globally, serving as a vital platform for major event films.

IMAX Corporation (NYSE: IMAX) achieved a strong box office performance, grossing $23.5 million during the 2022 Chinese New Year holiday. The film "The Battle at Lake Changjin 2" led with $23.3 million from IMAX screens, marking the third-best six-day opening for the holiday. This was the fifth consecutive year IMAX surpassed $20 million during this event. IMAX captured nearly 6% of the film's total gross on only 1% of the screens, showcasing the brand's appeal in China and reaffirming its dominance in immersive cinema experiences.

IMAX Corporation reported a record-breaking $277 million in fourth quarter grosses for 2021, marking its best performance since 2017. Driven primarily by Spider-Man: No Way Home, which grossed $83 million, the company achieved a total of $638 million globally for the year, up 146% from 2020. IMAX also had a record year for local language films, generating $181.6 million. The 2022 slate includes at least ten films Filmed for IMAX, hinting at strong future performance.

IMAX Corporation reported a record-breaking performance at the global box office with $36.2 million from 834 IMAX screens during the opening weekend of Sony Pictures' "Spider-Man: No Way Home." The film achieved the 6th biggest IMAX global opening and the largest IMAX opening for any "Spider-Man" film, despite not being released in China. CEO Rich Gelfond emphasized this success as a sign of the theatrical experience's strength, projecting optimism for upcoming releases in 2022, including films shot specifically for IMAX.

IMAX Corporation will present at the Wells Fargo 5th Annual Virtual TMT Summit on December 1, 2021, at 2:40 p.m. EST, led by CEO Richard L. Gelfond. Following this, Gelfond will speak at the UBS Global TMT Virtual Conference on December 7, 2021, at 2:00 p.m. EST. Both presentations will be available for live streaming and archived for 90 days at investors.imax.com. IMAX, known for its innovative entertainment technology, operates 1,664 theater systems across 85 countries.

IMAX, in partnership with Disney and Xperi, announces the launch of IMAX Enhanced on Disney+, debuting on November 12. This service allows fans to stream 13 Marvel titles in IMAX's Expanded Aspect Ratio, offering up to 26% more picture. Key films include Shang-Chi, Avengers: Endgame, and Black Panther, enhancing the home viewing experience. The collaboration aims to provide immersive audio and visual technology in the future. The Marvel Cinematic Universe has grossed over $1.6 billion in IMAX, solidifying its dominance in the market.

IMAX Corporation reported third-quarter 2021 results showing a notable recovery with $56.6 million in revenue, a 51.9% increase year-over-year. The net loss reduced significantly from $47.2 million to $8.4 million, with a loss per share narrowing from $0.80 to $0.14. Adjusted EBITDA improved to $13.1 million, up from a loss of $0.3 million. Global box office revenue exceeded $142 million, indicating strong consumer demand. The company also repurchased shares, reflecting confidence in its recovery amidst a robust film slate for Q4 and 2022.

IMAX Corporation achieved its best October performance, generating $100 million at the global box office, surpassing the previous $84 million record from 2013. This success was driven by the release of Dune, which earned $9 million in North America, accounting for 22.5% of the film's domestic total. The film debuted on 1,300 IMAX screens worldwide, contributing to IMAX's largest global October opening weekend with $17.8 million. IMAX is expected to maintain strong box office performance with upcoming releases like Eternals and Spider-Man: No Way Home.

IMAX Corporation (NYSE: IMAX) will hold a quarterly conference call on October 28, 2021, at 8:30 a.m. ET to discuss its third-quarter financial results. The call will be available via webcast and telephone. U.S./Canada participants can dial (800) 437-2398, while international callers should use (647) 792-1240, with conference code 1560158. A replay will be accessible post-call. As of June 30, 2021, IMAX operated 1,654 theater systems globally.