IMAX Corporation ( (IMAX) ) has released its Q4 earnings. Here is a breakdown of the information IMAX Corporation presented to its investors.
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IMAX Corporation, a leader in entertainment technology, is renowned for its innovative software, architecture, and equipment that create immersive viewing experiences globally. The company recently reported its financial results for the fourth quarter and full-year of 2024, showcasing significant growth in net income and earnings per share, alongside a strong performance in system installations and box office records.
IMAX’s fourth-quarter highlights include a net income of $5 million, marking a 112% year-over-year increase, and an earnings per share of 10 cents, doubling from the previous year. The company also achieved a total adjusted EBITDA of $37 million, representing a 48% increase. For the full year, IMAX reported a net income of $26 million, with a 3% year-over-year growth, although total adjusted EBITDA slightly decreased by 4% compared to 2023.
Notably, IMAX installed 146 systems in 2024, reaching the high-end of its guidance. The company also broke box office records in China, particularly during the Chinese New Year, with ‘Ne Zha 2’ becoming the highest-grossing IMAX release in the region. Looking ahead, IMAX anticipates a record box office exceeding $1.2 billion in 2025.
IMAX’s management remains optimistic about future growth prospects, buoyed by a robust slate of upcoming releases and improvements in the Chinese market. The company is poised to leverage its unique content offerings and global network to continue delivering strong shareholder returns and financial performance.
