Imax Reports Q4 Revenue Growth but Misses Wall Street Projections

The large-format exhibitor saw an 8% revenue increase driven by blockbuster hits but fell short of earnings expectations.

Imax's Q4 2024 revenue grew 8% year-over-year to $92.7 million, bolstered by films like 'Gladiator II,' 'Venom: The Last Dance,' and 'Mufasa: The Lion King.'
The company reported a net income of $5 million for the quarter, with adjusted earnings per share of 27 cents, falling short of the projected 29 cents.
Imax installed 146 new systems globally in 2024 and anticipates adding 145 to 160 systems in 2025, maintaining its expansion trajectory.
The company highlighted a record-breaking Lunar New Year in China, with $130 million in box office revenue driven by the animated hit 'Ne Zha 2.'
Looking ahead, Imax projects a record $1.2 billion global box office for 2025, supported by major releases such as 'Jurassic World: Rebirth' and 'Superman.'