Imax Sees Quarterly Revenue Surge Led By ‘Oppenheimer’, Stock Pops
deadline.comImax swung to a profit and saw revenue revenue jump in the Septembers quarter, buoyed by Oppenheimer and other content from Hollywood to local language films, concert films, docs and live events.
The big screen exhibitor and tech company posted a net profit of $12 million versus a loss of $9 million the year earlier on revenue of $104 million, up 51%.
It was the second highest grossing quarter of all time at the global Imax box office, the company said. Oppenheimer led with $180 million in Imax gross box office (20% of the total), followed by Mission Impossible: Dead Reckoning Part 1 and Indiana Jones and the Dial of Destiny.
Local language titles were led by China’s Creation of the Gods: Kingdom of Storms ($32.3 million), with strong contributions coming from No More Bets, Lost in the Stars, and Jawan.
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