New York, USA – IMAX Corporation (NYSE: IMAX) has announced impressive first-quarter financial results for 2025, showcasing the strength of its global entertainment platform and diverse content offerings.
The company reported record global box office numbers and significant growth in system sales and installations.
“IMAX is off to an excellent start in 2025,” stated CEO Rich Gelfond. “The fundamentals of our business have never been stronger.”
The company highlights the successful performance of local language and alternative content, which helped offset a slower Hollywood slate during the early part of the quarter. According to the announcement, IMAX is well-positioned to benefit from the increase in big-budget local language films and upcoming Hollywood releases.
The report from IMAX shows that first-quarter global box office numbers reached $298 million, a 12% increase year-over-year.
Key titles contributing to this success included local title Ne Zha 2 ($161 million), and Captain America: Brave New World ($27 million). Additionally, the company installed 21 systems in the quarter. The IMAX network grew to 1,738 locations.
The company’s financial performance reflects this strong momentum. Total revenue for the first quarter reached $86.7 million, a 10% increase from the $79.1 million reported in the same period last year. Gross margin also saw an improvement, climbing to 61.4% compared to 59.3% in the first quarter of 2024. This year, the cash provided by operating activities was $7 million.
Looking ahead, IMAX has a substantial backlog of 516 IMAX systems, indicating continued growth potential. The company is authorized to repurchase up to $400 million of its common shares, with approximately $151 million remaining available as of March 31, 2025. IMAX looks forward benefiting from continued demand.
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