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IMAX

IMAX Q4 2025 Earnings

Reported Feb 25, 2026 at 4:24 PM ET · SEC Source

Q4 25 EPS

$0.58

BEAT +22.88%

Est. $0.47

Q4 25 Revenue

$125.2M

BEAT +3.97%

Est. $120.4M

vs S&P Since Q4 25

-2.2%

TRAILING MARKET

IMAX +5.3% vs S&P +7.5%

Full Year 2025 Results

FY 25 EPS

$1.45

BEAT +8.07%

Est. $1.34

FY 25 Revenue

$410.2M

BEAT +1.17%

Est. $405.5M

Market Reaction

Did IMAX Beat Earnings? Q4 2025 Results

IMAX delivered a blowout fourth quarter to cap a record-setting 2025, posting adjusted diluted EPS of $0.58 against a consensus estimate of $0.46, a beat of 26.20%, while revenue of $125.21 million topped expectations of $120.96 million by 3.52% and … Read more IMAX delivered a blowout fourth quarter to cap a record-setting 2025, posting adjusted diluted EPS of $0.58 against a consensus estimate of $0.46, a beat of 26.20%, while revenue of $125.21 million topped expectations of $120.96 million by 3.52% and surged 35.1% year-over-year. The primary engine behind the outperformance was a historic global box office, with IMAX's Q4 gross box office reaching $336.20 million, up 62% from the prior-year quarter, as the company captured a record 3.8% share of worldwide theatrical revenue. For the full year, adjusted EBITDA climbed to a record $184.94 million at a 45.1% margin, expanding 570 basis points, underscoring the operating leverage embedded in IMAX's asset-light network model. The strong results prompted analysts at JPMorgan and Benchmark to raise their price targets following the print. Looking ahead, management guided to $1.40 billion in global box office for 2026, supported by what executives called the strongest content slate in company history, including Christopher Nolan's The Odyssey, the first theatrical feature shot entirely with IMAX film cameras.

Key Takeaways

  • • Record $1.28 billion in global IMAX box office for 2025, up 40% YoY
  • • Record Q4 box office of $336.2 million, up 62% YoY
  • • IMAX local language box office of $405 million shattered previous full-year record by 66%
  • • Record 3.8% share of global box office, up 700 basis points YoY
  • • 67 local language titles from 14 countries
  • • 10 Hollywood Filmed for IMAX releases with 4 titles delivering 20%+ of opening weekend domestic box office
  • • Avatar: Fire and Ash contributed $112 million in calendar year box office
  • • Content Solutions margin expanded from 53% to 66% driven by operating leverage from box office growth
  • • Technology Products and Services margin increased from 53% to 57%
24/7 Wall St

IMAX YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

IMAX Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“2025 was a transformational year for IMAX, in which we took our performance to the next level and firmly established IMAX as a premier global platform for entertainment and events. We exceeded virtually every target for box office and financial performance for the year and expect to deliver a record $1.4 billion in global box office in 2026.”

— Rich Gelfond, Q4 2025 Earnings Press Release

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