Imax Earnings Rise on New Theater Deals, ‘Guardians of the Galaxy’ B.O.

Guardians of the Galaxy

Powered by the box office success of “Guardians of the Galaxy” and deals for 42 new theaters, Imax Corporation saw revenues and profits rise during its most recent fiscal quarter.

The big screen company’s revenue climbed 18% to $60.7 million, up from $51.5 million from the yea-agor quarter. Earnings per share rose to 7 cents from 2 cents, while profits jumped from $1.6 million a year ago to $5.3 million.

“We were able to leverage the strong box office across a growing theater network, expand margins and generate our strongest quarter ever for operating cash flow,” Imax CEO Richard Gelfond said.

The company’s new theater signings brings its backlog to 439 theaters waiting to be built. As of the end of September, the company has 880 theater systems worldwide.

Box office revenues increased substantially during the period thanks to the popularity of “Guardians” (pictured) and “The Maze Runner,” rising to $169 million, a 28% jump from the year-ago period.

The financial results were roughly in line with analysts projections on revenues and just shy of estimates of 10 cents a share on earnings.

Upcoming Imax releases include Christopher Nolan’s “Interstellar,” which was filmed with the company’s cameras, “The Hobbit: The Battle of the Five Armies,” “Fast & Furious 7” and “The Avengers: Age of Ultron.”

The company is also expected to begin rolling out its new laser projection systems at the end of the year.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 1

Leave a Reply

1 Comment

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  1. rosy says:

    They would have made even more money if a good percentage of critics at rotten tomatoes site wouldn’t have been so lazy when reviewing The maze runner. The film is not at all like the hunger games, the YA dystopian market IS NOT overcrowded and the movie really makes the best in intensity in spite of the PG 13 label. Nobody wants to see a THG rip-off so a lot of people stayed away of the movie because the critics laziness.

More Film News from Variety

Loading