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%
IMAX YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
IMAX Revenue by Segment
With YoY comparisons, source: SEC Filings
“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
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% |