Imax reports Q1 adjusted EPS 15c, consensus 10c

Reports Q1 revenue $79.1M, consensus $78.18M. CEO Rich Gelfond said, “…Our industry leading momentum is fueled in part by our strategic expansion of the IMAX value proposition; increasingly, our technology is driving content creation as much as it is content delivery…more and more of today’s commercially and critically successful blockbusters are shot with IMAX cameras for the IMAX platform – which drives our global box office and makes our systems even more of a ‘must have’ for global exhibitors. We currently have more films in production shooting with IMAX cameras than at any time in our history, and an unprecedented run of Filmed for IMAX titles scheduled for 2025…IMAX is very well-positioned to accelerate growth and margin expansion with a promising slate for the duration of the year, 2025, and 2026, and strong sales activity across key global markets we’re targeting for expansion.”