Imax Corp Stock Price, News & Analysis

IMAX (NYSE: IMAX) and AMC Entertainment (NYSE: AMC) have announced a major expansion agreement to enhance their partnership across AMC's U.S. theaters. The deal includes adding 12 new IMAX locations and upgrading 68 existing venues to IMAX with Laser technology, resulting in over 180 IMAX at AMC locations nationwide.

This marks the largest IMAX systems agreement in the U.S. since 2018, positioning AMC to host the world's largest national circuit of IMAX with Laser locations. The partnership has proven highly successful, with IMAX at AMC operating eight of the top ten highest-grossing IMAX locations in the U.S. and maintaining industry-leading per screen averages.

The expansion is part of AMC's Go Plan, focusing on delivering premium theatrical experiences to customers through innovative technology investments and theater upgrades, including improvements at key locations like AMC Lincoln Square 13, AMC Empire 25, and AMC Burbank 16.

IMAX (NYSE: IMAX) and Kinepolis have announced a significant expansion of their partnership with nine new IMAX® with Laser systems across multiple territories. The agreement includes seven new locations in Europe (France, Belgium, Spain, and Netherlands) and additional sites in the US and Canada.

This expansion will nearly double Kinepolis' IMAX presence in Europe to 13 locations. The deal follows a previous 2023 agreement for eight IMAX locations, with IMAX having tripled their network with Kinepolis since early 2023. Eight of the new locations are scheduled to open before the end of 2025.

The new installations will feature IMAX with Laser technology, offering 4k laser projection, custom-designed lenses, and proprietary technology for enhanced image quality. This marks Kinepolis' first IMAX partnership in the Netherlands and will double their network with MJR Cinemas in Michigan. The announcement comes as IMAX enters a summer season featuring multiple Filmed for IMAX releases.

IMAX (NYSE: IMAX) has announced its participation in the 37th Annual Roth Conference in Dana Point, CA. The company's CFO, Natasha Fernandes, will engage in a fireside chat scheduled for Tuesday, March 18th at 1:00 p.m. ET (10:00 a.m. PT).

The event will include one-on-one investor meetings, and interested parties can access a live webcast of the fireside discussion through the IMAX investor relations website at investors.imax.com.

IMAX reported strong Q4 and full-year 2024 results, with Q4 Net Income reaching $5 million (+112% YoY) and EPS of 10 cents (+100% YoY). The company achieved 146 system installations for the full year, meeting the high-end of initial guidance.

Full-year performance included Net Income of $26 million (+3% YoY) at 7.4% margin, Total Adjusted EBITDA of $139 million (-4% YoY) at 39.4% margin, and Cash from Operations of $71 million (+21% YoY). The company's network expanded to 1,735 systems (+2.5% YoY) with a backlog of 440 systems.

For 2025, IMAX projects record box office exceeding $1.2 billion and Total Adjusted EBITDA margin of 40%+, with planned installations of 145-160 systems. The company has already set a box office record during Chinese New Year with $130 million, up 90% from previous best.

IMAX (NYSE: IMAX) achieved record-breaking performance during the 2025 Chinese New Year, generating $53 million in box office revenue during the 7-day holiday period ended February 4. This represents a 57% increase from the previous record of $34 million set in 2023.

The company reached its highest attendance ever with 5.5 million admissions nationwide and secured a 4.3% market share on only 1% of screens. The animated blockbuster 'Ne Zha 2' led with $36 million, becoming the fourth highest-grossing IMAX local language release ever. Other notable performances included 'Creation of the Gods II: Demon Force' ($7.6 million), 'Legend of the Condor Heroes: The Gallants' ($3.7 million), and 'Operation Hadal' ($2.7 million).

The films will continue playing throughout the IMAX China network for another month, alongside international releases including Disney's 'Captain America: Brave New World'.

IMAX (NYSE: IMAX) has announced it will hold a conference call to discuss its fourth quarter and full-year 2024 financial results on Wednesday, February 19th at 4:30 p.m. Eastern Time. The call will be accessible via webcast through the company's investor relations website.

Participants interested in joining via telephone must pre-register through a provided link to receive a dial-in number and unique pin. To ensure timely participation, callers are advised to dial in ten minutes before the scheduled start time. A replay of the call will be made available via webcast on IMAX's investor relations website.

IMAX (NYSE: IMAX) has announced a virtual fireside chat featuring IMAX China CEO Daniel Manwaring scheduled for January 9th, 2025, at 10:00 a.m. ET. The event will showcase IMAX China's Chinese New Year slate and include discussions about the company's content portfolio and China's box office environment.

Manwaring, who assumed the CEO position at IMAX China in December 2022, previously served as head of media finance across Asia at Creative Artists Agency for a decade. Interested participants can register for the live webcast through the IMAX investor relations website at investors.imax.com. Questions can be submitted in advance to InvestorRelations@imax.com.

IMAX (NYSE: IMAX) has announced its participation in the 8th Annual Wells Fargo TMT Summit in Rancho Palos Verdes, CA. The company's CFO, Natasha Fernandes, will participate in a virtual fireside chat on Tuesday, December 3rd at 12:30 p.m. ET (9:30 a.m. PT).

The event will include one-on-one investor meetings, and a live webcast of the fireside chat will be available on the IMAX investor relations website at investors.imax.com.

IMAX reported solid Q3 2024 results with Net Income of $14 million (+16% YoY) and EPS of 26 cents (+18% YoY). The company installed 49 new systems (+63% YoY) and achieved Cash from Operations of $35 million (+23% YoY). Total revenue was $91.5 million, with Total Adjusted EBITDA of $39 million at a 42% margin. System signings reached 119 year-to-date, surpassing 2023's full-year total. IMAX projects record global box office exceeding $1.2 billion in 2025, supported by a strong content pipeline including 14 Filmed for IMAX releases.