Q2 25 EPS
$0.26
BEAT +15.15%
Est. $0.23
Q2 25 Revenue
$91.7M
BEAT +0.92%
Est. $90.8M
vs S&P Since Q2 25
+29.7%
BEATING MARKET
IMAX +46.0% vs S&P +16.3%
Market Reaction
Did IMAX Beat Earnings? Q2 2025 Results
IMAX delivered a standout second quarter, posting adjusted EPS of $0.26 against a consensus estimate of $0.23 for a 15.15% beat, while revenue of $91.68 million edged past expectations by 0.92% and grew 3.1% year-over-year. The real headline, though,… Read more IMAX delivered a standout second quarter, posting adjusted EPS of $0.26 against a consensus estimate of $0.23 for a 15.15% beat, while revenue of $91.68 million edged past expectations by 0.92% and grew 3.1% year-over-year. The real headline, though, was a dramatic expansion in profitability: gross margin surged to 58.5% from 49.4% a year ago, net income more than doubled to $12.23 million, and adjusted EBITDA climbed 26% to $39.06 million. The primary engine was the Content Solutions segment, where IMAX global box office jumped 41% to $281.10 million, fueled by a record slate of Filmed for IMAX releases including "Sinners," "Mission: Impossible - The Final Reckoning," and "F1 The Movie," the last of which became a re-release opportunity after crossing $466 million globally. Technology Products and Services added momentum, with system installations up 50% year-over-year and year-to-date signings of 123 already nearing 2024's full-year total of 130. Riding broader positive earnings momentum, management maintained its target of a record $1.2 billion in global box office for 2025, citing all-time high summer market share.
Key Takeaways
- • Record North American box office of $143 million in Q2, highest grossing quarter ever
- • IMAX global box office surged 41% YoY to $281.1 million in Q2
- • IMAX global box office market share grew 19% YoY to 3.6% on less than 1% of screens
- • Record number of Filmed for IMAX releases including Sinners, Mission: Impossible - The Final Reckoning, and F1 The Movie
- • Content Solutions gross margin expanded from 46% to 66% driven by operating leverage and revenue mix
- • 36 system installations in Q2, up 50% YoY from 24
- • 57 new IMAX locations opened worldwide in Q2
IMAX YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
IMAX Revenue by Segment
With YoY comparisons, source: SEC Filings
“IMAX delivered outstanding financial results in the Second Quarter as the key drivers of our business worked in concert, with strong network growth worldwide, record box office in North America, and impressive market share gains driven by more releases filmed with our technology than ever.”
— Rich Gelfond, Q2 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% |