Q1 25 EPS
$0.13
BEAT +14.44%
Est. $0.11
Q1 25 Revenue
$86.7M
BEAT +2.99%
Est. $84.2M
vs S&P Since Q1 25
+26.3%
BEATING MARKET
IMAX +61.9% vs S&P +35.5%
Market Reaction
Did IMAX Beat Earnings? Q1 2025 Results
IMAX kicked off 2025 with a record-breaking quarter, posting adjusted diluted EPS of $0.13 and revenue of $86.67 million as the company's global network delivered its strongest first-quarter box office in history at $298.00 million, up 12% year-over-… Read more IMAX kicked off 2025 with a record-breaking quarter, posting adjusted diluted EPS of $0.13 and revenue of $86.67 million as the company's global network delivered its strongest first-quarter box office in history at $298.00 million, up 12% year-over-year. The single biggest driver was "Ne Zha 2," which became the highest-grossing IMAX release of all time in China at $161.00 million, powering the Technology Products and Services segment to 17% revenue growth and a 23% expansion in gross margin. System demand told an equally striking story, with 95 system signings in the quarter compared to just 8 a year ago, pushing the total backlog to 516 systems across an 1,810-system global network. Net income attributable to common shareholders fell 30% to $2.33 million, largely because IMAX China's blowout Chinese New Year performance routed more earnings to non-controlling interests. With eight consecutive Filmed For IMAX releases lined up for summer 2025, including "Mission: Impossible - The Final Reckoning" and "The Fantastic Four," management believes the company is entering a new era of sustained growth.
Key Takeaways
- • Record Q1 global box office of $298 million, up 12% YoY
- • Ne Zha 2 became highest-grossing IMAX release of all time in China at $161 million
- • Record-breaking Chinese New Year performance offsetting slow Hollywood slate start
- • Higher box-office-related rental revenues in Technology Products and Services
- • Increased sales-type system installations (13 vs 5 YoY)
- • Diversified content portfolio including local language and alternative content
- • Gross margin expansion to 61.4% from 59.3%
IMAX YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
IMAX Revenue by Segment
With YoY comparisons, source: SEC Filings
“IMAX is off to an excellent start in 2025 — the fundamentals of our business have never been stronger, with record global box office and strong system sales and installations growth in the First Quarter. With a remarkable global slate scheduled over the next several years and surging demand among exhibitors, we believe we are entering a new era of growth for the Company.”
— Rich Gelfond, Q1 2025 Earnings Press Release
IMAX Earnings Trends
IMAX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
IMAX EPS Trend
Earnings per share: estimate vs actual
IMAX Revenue Trend
Quarterly revenue: estimate vs actual
IMAX Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.15 | $0.17 | +10.75% | $81.4M | +1.85% |
| Q4 25 BEAT FY | $0.47 | $0.58 | +22.88% | $125.2M | +3.97% |
| FY Full Year | $1.34 | $1.45 | +8.07% | $410.2M | +1.17% |
| Q3 25 BEAT | $0.39 | $0.47 | +20.33% | $106.7M | +0.94% |
| Q2 25 BEAT | $0.23 | $0.26 | +15.15% | $91.7M | +0.92% |
| Q1 25 BEAT | $0.11 | $0.13 | +14.44% | $86.7M | +2.99% |