Imax reports Q4 adjusted EPS 19c, consensus 20c

Reports Q4 revenue $98.0M, consensus $94.73M. "IMAX fully expects to resume pre-pandemic levels of performance in 2023, as we surge into the year with strong dual tailwinds – the record-breaking performance of ‘Avatar: The Way of Water’ and the rapid reopening of China," said CEO Richard Gelfond. "Already in the new year, we’ve delivered our highest grossing first-run release ever with the ‘Avatar’ sequel, our best Chinese New Year box office ever, and multi-system agreements – demonstrating our prospects for strong box office and global network growth in 2023…The rapid reopening of China has been stunning and a powerful reminder of what we can deliver in the market given the strength of our brand, experience, and content portfolio of Hollywood and local blockbusters…China is fast reasserting itself as one of the world’s biggest moviegoing markets."