Imax CEO Anticipates Record $1.2 Billion Of Global Box Office Grosses In 2025 As Solid Q3 Weathers Tough Comps From ‘Oppenheimer’
deadline.comImax shares nosed higher in after-market trading, up over 3% on solid numbers, new installations, and a roaring good outlook by CEO Rich Gelfond.
Content revenues of $30 million fell 32% year-over-year, up against Christopher Nolan’s phenomenon Oppenheimer — the company’s fifth highest grossing title of all time — in the year prior.
Despite the decline, the third quarter 2024 was the third-highest grossing September quarter in Imax history, in part due to Deadpool & Wolverine, Imax’s fifth highest grossing Marvel movie, which buoyed earnings.
The company’s other half, Technology Products and Services, saw revenues rise 3% year-over-year to $58 million, driven by system installation growth that’s outpacing the prior year and helped partly offset lower box office.
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