Imax saw its highest grossing first quarter ever at the global box office with $298 million on the strength of a record-breaking Chinese New Year holiday, which delivered triple the company’s previous best with $182 million.
Phenomenon Ne Zha 2 has earned more than $164 million in Imax, the company’s highest grossing local language. animated film, and release in China ever. Global box office of $298 million in Q1 was up 12% year-over-year with other top grossing first quarter titles including Captain America: Brave New World ($27 million), Mickey 17 ($11 million) and Interstellar re-release ($10 million).
The jump helped the company to a beat on revenue, which rose 10% to $87 million (vs $84.2 million Wall Street anticipated). Adjusted earnings per share was in line at 13 cents.
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This year is seeing a record number of so-called filmed for Imax releases worldwide including Sinners last weekened, which kicked off a run of eight consecutive Hollywood releases filmed with Imax cameras.
The company affirmed expectations of $1.2 billion in global box office in 2025.
The company delivered signings for 95 new and upgraded Imax systems worldwide in Q1 – it’s second best first quarter sales result.
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