IMAX

IMAX Q3 2025 Earnings

Reported Oct 23, 2025 at 8:07 AM ET · SEC Source

Q3 25 EPS

$0.47

BEAT +20.33%

Est. $0.39

Q3 25 Revenue

$106.7M

BEAT +0.94%

Est. $105.7M

vs S&P Since Q3 25

+16.9%

BEATING MARKET

IMAX +26.4% vs S&P +9.4%

Market Reaction

Did IMAX Beat Earnings? Q3 2025 Results

IMAX Corporation posted a blowout third quarter for 2025, with earnings per share of $0.47 beating the $0.39 consensus by 20.33% and revenue of $106.65 million edging past estimates by 0.94% to mark a 16.6% increase year over year. The headline drive… Read more IMAX Corporation posted a blowout third quarter for 2025, with earnings per share of $0.47 beating the $0.39 consensus by 20.33% and revenue of $106.65 million edging past estimates by 0.94% to mark a 16.6% increase year over year. The headline driver was a 50% surge in global box office to $367.60 million, the highest-grossing Q3 in company history, even as the broader domestic box office contracted 11%, underscoring IMAX's growing ability to capture audience demand independent of industry trends. The Content Solutions segment was the standout, with revenue jumping 49% year over year to $44.80 million and gross margins expanding to a record 71%, reflecting the operating leverage in IMAX's box office-linked model. The company also generated record quarterly operating cash flow of $67.50 million, and analysts have taken notice, with at least one raising their price target to $40.00 following the results. Looking ahead, management reaffirmed a path to $1.20 billion in global box office for 2025, backed by a Q4 slate headlined by Avatar: Fire and Ash and Wicked: For Good.

Key Takeaways

  • 50% YoY growth in global IMAX box office to $367.6 million, a Q3 record
  • IMAX captured 4.2% of global box office, up 49% YoY
  • Content Solutions gross margin expanded from 55% to a record 71%
  • Diverse global content portfolio including over 20 local language titles, Filmed for IMAX releases, and alternative content
  • Demon Slayer: Infinity Castle became IMAX's highest grossing title in Japan and highest grossing domestic foreign language film
  • Local language box office of $343 million through September shattered previous full-year record by more than 40%
  • IMAX domestic box office grew 29% while broader domestic box office declined 11%
24/7 Wall St

IMAX YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

24/7 Wall St

IMAX Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“IMAX is moving into a new position — building to something bigger — and our performance for the quarter and year to date demonstrate we're breaking out and delivering at a higher level. We continue to deliver results that exceed expectations and transcend the broader marketplace – thanks in large part to our unique, diversified global content portfolio spanning Hollywood, local language, music and more.”

— Rich Gelfond, Q3 2025 Earnings Press Release