Imax reports Q4 adjusted EPS 17c, consensus 5c

Reports Q4 revenue $86.0M, consensus $85.86M. “IMAX delivered excellent results in 2023 – we grew Net Income by $48M, Adjusted EPS by 88c, Adjusted EBITDA by 52%, and system installations by nearly 40% – on the strength of demand for our technology, our unique premium model, and a clear preference among consumers worldwide for awe-inspiring IMAX experiences,” said Rich Gelfond, CEO of IMAX. “As the entertainment landscape transforms, it is clear that IMAX is among its premier, in-demand destinations. We drove significant expansion and diversification of our global footprint, with a record 61 of our system installations coming from strategic Rest of World markets such as Japan, South Korea and Europe. Even as we deliver an outsized share of the global box office, we estimate the current IMAX network is only at 47% penetration – with the opportunity to open nearly 2,000 additional locations worldwide.”