IMAX Corporation (IMAX) has released an update.
IMAX Corporation has reported a stellar first quarter in 2024 with revenues hitting $79 million, a 33% year-over-year increase in net income, and significant system installations growth. The company’s global box office of $261 million was driven by hits like ‘Dune: Part Two’ and ‘Godzilla x Kong: New Empire’, marking its third-highest Q1 earnings ever. With a strong lineup of IMAX-filmed releases and expansion plans, IMAX is poised for continued growth and margin expansion in the coming years.
For further insights into IMAX stock, check out TipRanks’ Stock Analysis page.
