Overview

* IMAX ( IMAX ) Q3 revenue rises 16.6% yr/yr to $106.7 mln, beating analysts' expectations

* Adjusted EPS and net income for Q3 also beat consensus

* Company reports record Q3 cash flow of $67.5 mln from operating activities

Outlook

* IMAX ( IMAX ) remains on track for $1.2 bln in global box office in 2025

* Company expects system installations to reach high end of 2025 guidance of 150-160

* IMAX ( IMAX ) anticipates at least four major releases in 2026

Result Drivers

* GLOBAL BOX OFFICE - IMAX ( IMAX ) achieved its highest grossing Q3 ever with $368 mln, up 50% YoY, driven by diverse content including local language films

* SYSTEM INSTALLATIONS - Demand for IMAX ( IMAX ) systems remains strong with installations surpassing 2024 totals and pacing to high-end of full year guidance

* CONTENT DIVERSITY - Diverse content mix, including local language and alternative content, drove significant box office growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $106.70 $105.15

Revenue mln mln (12

Analysts

)

Q3 Beat $0.47 $0.38

Adjusted (10

EPS Analysts

)

Q3 EPS $0.37

Q3 Beat $26.20 $18.44

Adjusted mln mln (7

Net Analysts

Income )

Q3 Net $22.60

Income mln

Q3 Gross 63.10%

Margin

Q3 48.60%

Adjusted

EBITDA

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the entertainment production peer group is "buy"

* Wall Street's median 12-month price target for Imax Corp ( IMAX ) is $38.50, about 16.8% above its October 21 closing price of $32.05

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)