Imax Returns To Pre-Pandemic Form With Q4 Profit And Record Share Of 2021 Box Office
deadline.comImax marked an official turning point in the fourth quarter, reporting its best results in any quarter since 2019, before the coronavirus pandemic upended show business and civilization.Paced by Spider-Man: No Way Home and other strong titles in the quarter, revenue soared 94% over the year-earlier period, to $108.6 million.
Earnings of 17 cents a share compared with a year-ago loss of 36 cents a share. Both key metrics came in ahead of Wall Street analysts’ consensus forecast, and investors boosted shares in Imax 7% in after-hours trading on the upside surprise.In capping off 2021, the company repeated the box office stats it had first released in early January.
For the full year, box office hit $638 million, a jump of 146% from the company’s 2020 total.In the fourth quarter, ticket sales climbed 15%.
The top five Imax performers in the quarter were Spider-Man: No Way Home, Dune, No Time to Die, China’s The Battle at Lake Changjin and Eternals.MORENew and returning series on broadcast, cable and streamingSeries that made it or didn’t make it in 2020-21Broadcast networks’ fall lineups and schedules
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