Rich Gelfond Alicia Reese China Japan Indonesia film performer reports google CEO Waters Enterprise Rich Gelfond Alicia Reese China Japan Indonesia

Imax Predicts Return To Pre-Pandemic Box Office This Year; Sees 2022 Q4 Sales, Profit Dip

Reading now: 793
deadline.com

Imax said today it expects return to pre-pandemic gross box office level of $1.1 billion in 2023. It reported slightly higher than anticipated revenue of $98 million for the fourth quarter, down 10% from the year before.

But the company said 2023 is off to a strong start with the rapid re-opening of the Chinese box office, the record-breaking performance of Avatar: The Way of Water – the highest grossing first-run Imax release of all time with more than $253 million.

Ant-Man & The Wasp: Quantumania delivered $12.2M in Imax box office for the Presidents’ four-day weekend, 10% of the overall North America gross.

Imax reported earnings per share a bit below the Street estimates at 19 cents, down from an EPS of 31 cents. The company had a strong $61 million in local language box office during the Chinese New Year holiday, up 72% over 2022.

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA