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HomeBusinessIMAX Q3 Earnings Smashes Estimates On Field Workplace Energy - Imax (NYSE:IMAX)

IMAX Q3 Earnings Smashes Estimates On Field Workplace Energy – Imax (NYSE:IMAX)



IMAX Corp IMAX reported third-quarter FY23 gross sales progress of 51% year-on-year to $103.90 million, beating the analyst consensus estimate of $100.72 million.

The corporate mentioned Q3 marks its second highest grossing quarter of all time on the IMAX world field workplace.

Gross revenue jumped 98% to $62.7 million, and the margin of 60% expanded 1,400 foundation factors Y/Y. 

Adjusted EBITDA totaled $45 million, with an adjusted EBITDA margin increasing from 26% to 47%.

Working money stream for 9 months totaled $54.6 million in comparison with $0.5 million final yr. IMAX held $109.6 million in money and equivalents as of September 30, 2023.

Adjusted EPS of $0.35 beat the consensus estimate of $0.23.

Additionally SeeIMAX’s China Transfer Hits A Snag: Acquisition Proposal Fails To Go Vote

“We’re programming by far the strongest and most various content material portfolio in our historical past — Hollywood blockbusters, native language movies, marquee theatrical releases by streamers, live performance movies, docs, Reside occasions, and we could not be extra happy with the outcomes throughout our world community,” mentioned CEO Richard L. Gelfond.

“Our outsized efficiency with Hollywood blockbusters coupled with the growth of our profitable native language technique is fueling sturdy community progress world wide, with strong gross sales exercise in China and North America in addition to key progress markets throughout Europe and Southeast Asia.”

Additionally LearnIMAX’s Outstanding Restoration – 3Q Field Workplace Earnings Spotlight Sturdy Development

Worth Motion: IMAX shares are buying and selling larger by 0.49% at $18.38 on the final test Wednesday.

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