Q4 2025 Imax Corp Earnings Call Transcript
Key Points
- Imax Corp (IMAX) achieved a record $1.28 billion in global box office in 2025, marking a 40% increase year over year.
- The company captured its largest share of the global box office ever, increasing by 700 basis points year over year.
- Imax Corp (IMAX) delivered a record $410 million in total revenue for 2025, with adjusted EBITDA and EPS exceeding original consensus estimates.
- The company installed 160 systems worldwide in 2025, achieving 8% network growth in the rest of the world.
- Imax Corp (IMAX) secured agreements for 166 new and upgraded IMAX systems, reflecting strong demand for its technology.
- The Chinese New Year box office performance was modest due to the delay of several anticipated film releases.
- The company faced a $22 million one-time charge, including $15 million for the repurchase of convertible notes and a $7 million non-cash goodwill impairment.
- Imax Corp (IMAX) experienced a higher tax rate of 28% in 2025 compared to 13% in 2024, creating a year-over-year headwind of $0.16 per share.
- The company is still underpenetrated in many metropolitan areas, presenting challenges in capturing market opportunities.
- There are complexities and high costs associated with expanding into live sports content, such as Formula One and the World Cup, which may limit immediate opportunities.
Good day, and thank you for standing by. Welcome to IMAX's fourth-quarter 2025 earnings conference call. (Operator Instructions) Please be advised that this conference is being recorded.
I would like to hand the conference over to your speaker today, Jennifer Horsley. Please go ahead.
Good afternoon, and thank you for joining us for IMAX's fourth-quarter 2025 earnings conference call. On the call today to review the financial results are Rich Gelfond, Chief Executive Officer; and Natasha Fernandes, our Chief Financial Officer. Rob Lister, Chief Legal Officer, is also joining us today. Today's conference call is being webcast in its entirety on our website. A replay of the webcast will be made available shortly after the call. In addition, the full text of our earnings press release and the slide presentation have been posted on the Investor Relations section of our site. Our historical Excel model is posted to the website as well.
I would like to remind you of the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
