What is the market's earnings forecast for Imax next quarter?

What is Imax's latest dividend and current dividend yield?

What were the key takeaways from Imax's earnings call?

Did Imax beat or miss consensus estimates last quarter?

What does Imax do and what are its main business segments?

What is Imax's gross profit margin?

What were the key takeaways from Imax’s earnings call?

What is the revenue and EPS growth rate for Imax year over year?

- **Revenue milestone**: 2025 revenue up 40% to $1.28 billion, driven by 3.8% global box office share (vs. 3.1% in 2024). 
- **2026 outlook**: $1.4 billion box office target with *The Odyssey* and *Mandalorian* leading the slate. 
- **Financial strength**: 45% EBITDA margin in 2025, $127 million operating cash flow, and $151 million cash on hand. 
- **Expansion focus**: 160-175 system installations in 2026, prioritizing Japan (20% growth) and France. 
- **Partnerships**: Apple F1 broadcast expands globally; Netflix *Narnia* aims to replicate *Barbie*’s IMAX success.

**【CEO Summary】**
- **Record-breaking year**: 2025 revenue reached $1.28 billion, up 40% YoY, with 3.8% global box office share (700bps YoY increase). Key films included *Sinners*, *One Battle After Another*, and *Avatar: Fire and Ash*.
- **2026 outlook**: Projected $1.4 billion global box office, 160-175 system installations, and mid-40s EBITDA margin. Slate highlights include *The Odyssey* (first film shot entirely on IMAX cameras), *Mandalorian and Grogu*, and *Dune Part Three*.
- **Network expansion**: 160 systems installed in 2025 (10% YoY growth), with 8% growth in Rest of World markets. Focus on underserved regions like Japan (20% growth) and Australia (doubled footprint).

**【CFO Financial Commentary】**
- **Q4 2025 results**: $336 million box office (16% YoY), $410 million total revenue (16% YoY), and 45% adjusted EBITDA margin (vs. 39.3% in 2024). Adjusted EPS reached $1.45 (up $0.50 YoY).
- **Cash flow**: Record $127 million operating cash flow, with $85 million free cash flow after $28 million network investment.
- **Balance sheet**: $151 million cash, $289 million debt (0.7x net leverage). Refinanced $250 million convertible notes at 0.75% interest rate, reducing dilution risk.

**【Q&A Highlights】**
- **Chinese box office**: 2025 CNY holiday underperformed due to delayed local language films, but 2026 slate includes *Ramayana* and *Godzilla: Minus Zero*. Summer 2026 expected to recover.
- **Pricing strategy**: Exhibitors may test price increases for high-demand films like *Odyssey* and *Mandalorian*. Emerging markets adopt similar premium pricing models.
- **Network growth**: Using $550 million liquidity to accelerate installations in high-growth zones. Japan and France show strong ROI, with payback periods under 3 years.
- **Partnerships**: Apple F1 broadcast expands to international markets; Netflix *Narnia* collaboration aims to replicate *Barbie* cultural impact.

IMAX Corporation(IMAX)-20260226-2025 Q4 Earnings call transcript

- **Revenue Record**: Q3 revenue of $106.7M, global box office up 50% YoY to $368M, driven by 29% growth in North America and 50% in international markets.
- **Content Diversification**: 36% of box office from local language films (e.g., *Demon Slayer*), with alternative content (e.g., *Grateful Dead* concerts) and Hollywood blockbusters (*F1*, *Avatar: Fire and Ash*) performing strongly.
- **Network Expansion**: 142 new systems signed year-to-date, with 100 installations completed. Japan and Australia saw 11 and 6 new locations, respectively.
- **Financial Strength**: Adjusted EBITDA margin of 48.6%, cash flow from operations of $67.5M (Q3 record), and 71% gross margin in Content Solutions.
- **2026 Outlook**: 4+ major films confirmed, with 500+ system backlog and 89% addressable market penetration.

**【CEO Summary Section】**
- **Record Revenue and Box Office Growth**: Q3 revenue reached $106.7 million, with global box office up 50% YoY to $368 million. North America saw a 29% increase, while international markets grew 50%.
- **New Installations and signings**: 142 new IMAX systems signed year-to-date (vs. 130 in 2024), with 100 installations completed. Japan and Australia saw significant expansion (11 and 6 new locations, respectively).
- **Diversified Content Strategy**: 36% of global box office driven by local language films (e.g., *Demon Slayer* with $73M IMAX gross) and alternative content (e.g., *Grateful Dead* concert events). Hollywood blockbusters like *F1* (IMAX share >15%) and *Avatar: Fire and Ash* (Q4 release) also performed strongly.
- **2026 Slate Visibility**: 4+ major films confirmed (*Odyssey, Dune Part 3, Narnia, Mandalorian*), with a backlog of nearly 500 systems and 89% addressable market penetration.

**【CFO Financial Commentary】**
- **Financial Highlights**: GAAP net income of $420M, Non-GAAP EPS of $1.08 (vs. $0.95 prior year). Adjusted EBITDA margin improved 630bps to 48.6%, with cash flow from operations at $67.5M (Q3 record). 
- **Cost Efficiency**: Operating expenses stable at $30M, driven by cost control and incremental profit flow-through from box office growth. Gross margin reached 71% in Content Solutions, up 1,600bps YoY.
- **Balance Sheet Strength**: $143M cash balance, $544M available liquidity, and $24M invested in growth CapEx for new network expansion.

**【Q&A Key Highlights】**
- **Margin Potential**: CFO noted 85%+ incremental margin on box office above $250M, with stable SG&A costs. CEO highlighted 2026 slate visibility driving exhibitor signings (+11 in Japan, 4 in Germany).
- **2026 Slate and Pricing**: Exhibitors may raise ticket prices for premium films like *Odyssey* and *Dune Part 3*. IMAX's 4.2% global market share (vs. 1% screens) underscores demand for premium experiences.
- **Regional Growth**: Focus on underpenetrated markets (Vietnam, Indonesia) and local language films (e.g., *Suzume* in China). 2025 local language box office exceeded $356M (vs. $243M in 2023).
- **Investor Day Preview**: December 2025 event to detail 2026+ strategy, including content pipeline, network growth, and technology advancements.

IMAX Corporation (IMAX) Q3 2025 Earnings Call Transcript

- **Revenue & Growth**: Q2 revenue up 3% YoY to $92 million, with 50% installation growth and 43% EBITDA margin. Full-year installations raised to 150-160.
- **Market Share Dominance**: Film for IMAX films drove 15%+ North American box office share, with 3 titles exceeding 20% share.
- **Financial Strength**: Gross margin improved 22% YoY to 58%, operating expenses down 3%, and $490 million liquidity via expanded credit facility.
- **Future Slate**: 9 film for IMAX titles locked for 2026, including Avatar and Nolan's The Odyssey. Local language films (e.g., Demon Slayer) set new box office records.
- **Competitive Edge**: Exhibitors replacing premium formats with IMAX, as PLF alternatives fail to match IMAX's technology and filmmaker partnerships.

**【CEO Summary Section】**
- **Record Q2 Results**: Revenue grew 15% YoY, installation growth of 50%, and adjusted EBITDA margin of 43%. Global box office reached $92 million, up 3% YoY.
- **Installation Momentum**: 36 systems installed in Q2 (vs. 24 in Q2 2024), with full-year guidance raised to 150-160 systems. Japan saw 8 installations YTD, a 15% network growth.
- **Film Strategy Success**: 8 consecutive film for IMAX releases drove 15%+ North American box office share on 400 screens. Mission Impossible and F1 delivered over $75 million and $80 million in global box office, respectively.
- **Network Expansion**: New locations in Manhattan and L.A. LIVE, and agreements with Regal, Wanda, and Australian exhibitors to replace premium formats with IMAX.
- **Future Slate Strength**: 9 film for IMAX titles locked for 2026, including Avatar: Fire and Ash and Christopher Nolan's The Odyssey.

**【CFO Financial Commentary】**
- **Revenue Growth**: Content Solutions revenue up 41% YoY to $34 million, driven by 40%+ box office growth. Technology Products revenue rose 9% to $56 million.
- **Profitability**: Gross margin improved 22% YoY to $54 million (58% margin). Operating expenses decreased 3% YoY to $30 million, reflecting cost efficiency.
- **Cash Flow & Liquidity**: Q2 cash flow from operations was $30 million (up 25% YoY). Expanded credit facility to $375 million supports growth and liquidity of $490 million.
- **Financial Guidance**: On track to meet or exceed full-year targets, including $1.2 billion box office and 150-160 installations. Adjusted EBITDA margin expected in low 40s.

**【Q&A Highlights】**
- **Film for IMAX Strategy**: 3 of 8 Q2 films achieved >20% box office share, with 9 titles locked for 2026. Studios prioritize IMAX release windows due to 15%+ market share advantage.
- **Competitive Position**: Exhibitors scramble to adopt IMAX as alternatives (e.g., European PLF) fail to match IMAX's technology and filmmaker partnerships.
- **Local Language Growth**: 40% of Q2 box office from local language films (e.g., Demon Slayer in Japan). China signings for 2026 slate reflect strong demand.
- **Alternative Content**: Music and gaming events (e.g., Dead & Company, League of Legends) supplement Hollywood slate, with 7 events planned for 2025.
- **Pricing Strategy**: No plans to lower IMAX premium; 15%+ box office share validates current pricing despite industry discounts.


IMAX Corporation (IMAX) Q2 2025 Earnings Call Transcript

- **Record Q1 Box Office**: $298M, up 40% in system installations, with China driving 68% of local language revenue.
- **Sinners Outperformance**: 20% market share on 1% screens, Monday gross equal to 20% of weekend total.
- **Avatar: Fire & Ash Hype**: Projected to match $250M IMAX gross of first two Avatar films.
- **Network Expansion**: 101 signings YTD (vs. 130 in 2024), 516-system backlog (+17% YoY).
- **China Confidence**: 80%+ Hollywood films approved, focus on high-grossing titles, and 7.5x index in local animation.
- **2025 Guidance**: $1.2B global box office, 8 consecutive IMAX films in Q2-Q3, and 2026 slate featuring Nolan, Avengers, and Star Wars.


**【CEO Opening Remarks】**
- Q1 2025 Global Box Office: $298M (record for first quarter), driven by 101 new system signings and 21 installations.
- China Performance: IMAX share of local language box office rose to 68% (vs. 21% in 2023), with Ne Zha 2 generating $164M in IMAX revenue.
- Content Pipeline: 8 consecutive IMAX films in Q2-Q3, including Sinners (20% market share on 1% screens), Mission Impossible, and Avatar: Fire & Ash (December 2025).
- Network Expansion: 12 new IMAX locations with AMC, 11 signings in Japan, and multi-territory deals with Kinepolis in Western Europe.
- Local Language Strategy: Japan's Demon Slayer sequel and India's War 2 poised to become highest-grossing non-Hollywood films in IMAX history.

**【CFO Financial Highlights】**
- Q1 2025 Revenue: $87M (+10% YoY), with Content Solutions revenue up 7% to $24M (driven by China).
- Adjusted EBITDA: $37M (+15% YoY), margin 42.7% (vs. 40.4% prior year).
- Box Office Market Share: 3.5% globally (vs. 1% screens), 5.4% in China.
- System Installations: 21 units (+40% YoY), with $12M CapEx for network growth.
- Backlog: 516 systems (+17% YoY), signaling strong future growth.

**【Key Q&A Takeaways】**
- **China Tariff Concerns**: CEO dismisses impact, citing 80%+ of Hollywood films approved for 2025 slate and focus on high-grossing titles.
- **IMAX Camera Availability**: Nolan's Odyssey using multiple cameras, but capacity limited to 2 simultaneous film camera shoots.
- **Sinners Success**: 20% market share on 1% screens, with Monday gross equal to 20% of weekend total (vs. typical 10%).
- **Local Language Growth**: Japan signings +11 units YTD, India War 2 expected to rival Dangal in IMAX scale.
- **Consumer Resilience**: IMAX seen as "affordable luxury" with 7.5x index in China despite economic slowdown.

**【2025 Outlook】**
- Global Box Office Guidance: $1.2B (record), with Q2 off to strong start on Minecraft and Sinners.
- Avatar: Fire & Ash projected to surpass $250M IMAX gross (matching Avatar 1 & 2).
- 2026 Slate: Christopher Nolan's Odyssey, Avengers, Star Wars, and Super Mario Bros.
- Network Penetration: <50% globally, with focus on high-PSA markets like Middle East, Southeast Asia.


IMAX (IMAX)-23 Apr 25-2025 Q1 Earnings call transcript

- **China Box Office Boom**: 2025 Chinese New Year slate surpasses $120M, reversing 2024's $200M decline; Ne Zha 2 becomes highest-grossing local language film.
- **Netflix Breakthrough**: Exclusive Narnia partnership marks first streaming-to-theater event, signaling new content monetization strategy.
- **2025 Growth Targets**: $1.2B+ IMAX box office, 145-160 system installations, 40%+ EBITDA margin, driven by Avatar 3 and record Hollywood slate.
- **Financial Strength**: $101M cash, $418M liquidity, 2024 operating cash flow up 21% to $71M.
- **Cost Efficiency**: SG&A down $2M YoY, 2025 EBITDA margin guided to 40%+.

**【CEO Summary Section】**
- **Record Q4 Growth**: Adjusted EBITDA up 48% to $37 million, adjusted EPS up 59% to $0.27, driven by strong box office and cost control.
- **China Recovery**: Chinese New Year slate surpasses $120 million, Ne Zha 2 becomes highest-grossing local language film with $105 million, reversing 2024's $200 million box office decline.
- **Content Expansion**: 118 global releases in 2024, including 61 local language films; exclusive Netflix partnership for Narnia, IMAX's first streaming-to-theater event.
- **2025 Outlook**: Projected $1.2 billion+ IMAX box office, 145-160 system installations, 40%+ EBITDA margin, with Avatar 3 anchoring Q4.

**【CFO Financial Commentary】**
- **2024 Results**: Full year revenue $352 million, adjusted EBITDA $139 million (39% margin), operating cash flow $71 million (+21% YoY).
- **Cost Efficiency**: SG&A down $2 million YoY, R&D optimized with capitalization of new technologies.
- **2025 Guidance**: $1.2B+ box office (including China booking fees), 145-160 installs (60% JV), 40%+ EBITDA margin, $37M+ annual free cash flow.
- **Liquidity**: $101M cash, $418M available liquidity, $269M debt with 0.5% interest on $230M convertible notes.

**【Q&A Highlights】**
- **China Momentum**: 2025 local language box office already exceeds 2024 total; 7 in-production Chinese blockbusters to release through 2025.
- **Netflix Deal**: Unique template for streaming-to-theater events; success could drive future collaborations.
- **Network Expansion**: 8 Japan signings in 2025, focus on high-PSA markets like Middle East, Southeast Asia.
- **Avatar Effect**: 40 systems installed pre-Avatar 2023, similar trend expected ahead of Avatar 3.
- **Debt Management**: Evaluate 2026 convertible note maturity with options to refinance or convert at $37/share.


Actual											-0.48	-0.44	-0.75	-0.21	-0.25	-0.12	-0.08	0.31	-0.14	0.07	-0.05	0.19	0.16	0.26	0.35	0.17	0.15	0.18	0.35	0.27	0.13	0.26	0.47	0.58
Forecast											-0.1227	-0.5168	-0.3029	-0.1975	-0.2577	-0.2709	-0.1363	0.0665	-0.0461	0.1118	0.0268	0.1853	0.1289	0.1581	0.2378	0.0498	0.0969	0.0501	0.2261	0.3047	0.1018	0.2125	0.3825	0.4549
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-291.20%	+14.86%	-147.61%	-6.33%	+2.99%	+55.70%	+41.31%	+366.17%	-203.69%	-37.39%	-286.57%	+2.54%	+24.13%	+64.45%	+47.18%	+241.37%	+54.80%	+259.28%	+54.80%	-11.39%	+27.70%	+22.35%	+22.88%	+27.50%

IMAX

IMAX fundamentals

IMAX Q4 2025 Earnings

Earnings Call

You can ask Aime

IMAX

IMAX fundamentals

IMAX Q4 2025 Earnings

Earnings Call

IMAX Earnings Call Summary for Q4/20254:30 PM on Feb 25, 2026

IMAX Earnings Call Summary for Q3/20258:30 AM on Oct 23, 2025

IMAX Earnings Call Summary for Q2/20258:30 AM on Jul 24, 2025

IMAX Earnings Call Summary for Q1/20254:30 PM on Apr 23, 2025

IMAX Earnings Call Summary for Q4/20244:30 PM on Feb 19, 2025

You can ask Aime