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

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.

More Film

  • 'Spider-Man: Into the Spider-Verse' Teases Spider-Ham

    'Spider-Man: Into the Spider-Verse' Teases Spider-Ham, Other Webspinners

    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 […]

  • Venom Comic-Con

    'Venom' Creators Promise 'Huge World,' Tease Spider-Man Fight

    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 […]

  • Bully

    Film News Roundup: Danny Trejo's Dark Comedy 'Bully' Scores Distribution

    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 […]

  • Jamie Lee Curtis Hugs Fan Who

    Jamie Lee Curtis Embraces Sobbing Fan, Who Says 'Halloween' Saved His Life

    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 […]

  • Teen Titans Go to the Movies

    Film Review: 'Teen Titans GO! to the Movies'

    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 […]

  • Glass trailer

    M. Night Shyamalan's 'Glass' Trailer Debuts at Comic-Con

    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 […]

More From Our Brands

Access exclusive content