NYSE$IMAX

IMAX Corp · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

IMAX Corporation reported solid financial results for the fourth quarter and full-year of 2024, demonstrating the value of its unique global entertainment platform and broad content portfolio.

IMAX Corporation delivered strong financial results in Q4 2024, with significant year-over-year growth in net income, EPS, and Adjusted EBITDA. The company also achieved the high-end of its system installation guidance for the full year and set a new box office record for the Chinese New Year slate in early 2025.

  • Global entertainment platform delivered Q4 Net Income of $5 million, a 112% increase year-over-year.
  • Q4 Adjusted EPS was 27 cents, up 59% year-over-year.
  • Total Adjusted EBITDA for Q4 was $37 million, a 48% increase year-over-year, at a 40% margin.
  • IMAX delivered 146 system installations for the full year, meeting the high-end of its initial guidance.

Headline financials

Total Revenue

$92.7M

Previous: $86M+7.7%
EPS (adj)

$0.27

Previous: $0.17+58.8%
Adjusted EBITDA Margin

40.1%

Previous: 29.3%+36.9%
Total Adjusted EBITDA

$37.2M

Previous: $25.2M+47.4%
Diluted Shares Outstanding

54.7M

Previous: 55.0M-0.5%
System Installations

58

Previous: 69-15.9%
Total System Network

1.8K

Previous: 1.8K+2.0%
Total System Backlog

440

Previous: 450-2.2%
Total System Signings

19

No prior period
Capital Expenditures

-$7.95M

Previous: -$6.71M-18.5%
Net Income

$6.87M

Previous: $25.3M-72.9%
Operating Income

$9.51M

Previous: $2.74M+247.3%
Gross Profit

$48.4M

Previous: $43.7M+10.7%
R&D Expense

$650K

Previous: $2.72M-76.1%

Revenue & EPS history

IMAX · Revenue · Quarterly

$92.7M

Q4 2024+7.7%vs Q4 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

IMAX · $100M total across 2 segments · Q3 2023

  • Technology Products
    $56.2M
  • Content Solutions
    $44.2M

Forward guidance

IMAX expects a record box office and strong financial performance in 2025, driven by an increased number of Filmed for IMAX® releases and a strong slate in 2026.

Tailwinds

  • IMAX expects to deliver a record box office of more than $1.2 billion in 2025.
  • Anticipates Total Adjusted EBITDA margin of 40%+ in 2025.
  • Projects system installations of 145 to 160 in 2025.
  • More Filmed for IMAX® releases than ever in 2025.
  • Stronger slate ahead in 2026.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+1.2%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+1.6%

Avg return

30 days after

52%

34 / 65 earnings

Positive

+18.6%

Q3 2017

Best reaction

-22.4%

Q2 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.1%-4.0%+6.1%
Q4 2025+14.7%+12.8%+0.1%
Q3 2025+1.0%+2.2%+12.4%
Q1 2025-3.3%+1.2%+11.9%
Q4 2024-1.1%-3.0%-1.7%
Q3 2024+15.7%+15.2%+25.3%
Q2 2024+12.7%+15.8%+19.9%
Q1 2024-2.9%-9.3%-4.3%
Q4 2023+12.0%+7.7%+3.3%
Q3 2023-0.3%-0.4%-9.1%
Q2 2023+11.5%+8.9%+10.4%
Q1 2023+8.0%+4.6%-11.3%
Q4 2022+9.1%+8.9%+7.6%
Q3 2022-5.9%-2.4%+24.8%
Q2 2022-2.3%-2.5%-8.9%
Q1 2022+4.9%+9.4%+15.3%
Q4 2021+7.0%+4.7%-1.5%
Q3 2021-8.9%-4.7%-17.0%
Q2 2021-5.6%-7.6%-11.6%
Q1 2021-7.0%-4.5%-2.6%
Q4 2020+13.5%+6.9%-3.2%
Q3 2020-2.2%-1.2%+31.3%
Q2 2020-11.2%-10.7%+22.3%
Q1 2020-7.8%-7.8%+0.2%
Q4 2019+0.6%-3.0%-38.1%
Q3 2019+3.1%+3.3%+2.5%
Q2 2019+2.1%+0.0%-2.0%
Q1 2019-3.4%-2.5%-11.7%
Q4 2018+9.0%+10.5%+9.1%
Q3 2018-4.9%-5.8%-10.1%
Q2 2018-1.6%-5.8%+8.6%
Q1 2018-2.6%-1.9%-9.9%
Q4 2017-10.8%-11.4%-18.8%
Q3 2017+18.6%+15.5%+17.9%
Q2 2017-2.8%-1.4%-13.4%
Q1 2017-0.9%-3.3%-15.8%
Q4 2016+6.5%+5.2%+10.4%
Q3 2016+2.6%+1.1%+13.3%
Q2 2016+14.3%+9.9%-0.4%
Q1 2016-1.3%
Q4 2015-9.2%
Q3 2015+0.8%
Q2 2015-3.9%
Q1 2015+0.8%
Q4 2014+6.9%
Q3 2014+3.2%
Q2 2014+7.2%
Q1 2014-8.0%
Q4 2013+2.3%
Q3 2013+4.5%
Q2 2013+2.7%
Q1 2013-5.3%
Q4 2012+3.3%
Q3 2012+3.1%
Q2 2012-3.3%
Q1 2012-2.8%
Q4 2011-1.4%
Q4 2009-1.4%
Q3 2011+16.9%
Q3 2010+16.9%
Q2 2011-22.4%
Q2 2010-22.4%
Q4 2010+8.6%
Q1 2011+8.6%
Q1 2010-6.5%

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