Imax edged Wall Street analysts’ estimates for the first quarter, saying Project Hail Mary helped it contend with difficult comparisons with the Ne Zha 2 bonanza of last year’s period.
Total revenue slipped 6% from the year-ago period, coming it at $81.4 million. Earnings per share climbed to 17 cents a share from 13 cents a year ago. Both top- and bottom-line metrics beat Wall Street analysts’ consensus expectation.
The company reaffirmed guidance that it expects to deliver a record $1.4 billion in global box office revenue from its sites in 2026.
Amazon MGM Studios’ Hail Mary, a sci-fi drama with Ryan Gosling, more than doubled Imax’s internal projections, the company said. The film has pulled in more than $600 million globally to date, easily ranking as the studio’s top-grossing title to date.
Ne Zha 2 was a phenomenon, especially placed during the often
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