IMAX Corp IMAX reported third-quarter FY23 gross sales progress of 51% year-on-year to $103.90 million, beating the analyst consensus estimate of $100.72 million.
The corporate stated Q3 marks its second highest grossing quarter of all time on the IMAX world field workplace.
Gross revenue jumped 98% to $62.7 million, and the margin of 60% expanded 1,400 foundation factors Y/Y.
Adjusted EBITDA totaled $45 million, with an adjusted EBITDA margin increasing from 26% to 47%.
Working money move for 9 months totaled $54.6 million in comparison with $0.5 million final 12 months. IMAX held $109.6 million in money and equivalents as of September 30, 2023.
Adjusted EPS of $0.35 beat the consensus estimate of $0.23.
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“We’re programming by far the strongest and most numerous content material portfolio in our historical past — Hollywood blockbusters, native language movies, marquee theatrical releases by streamers, live performance movies, docs, Dwell occasions, and we could not be extra happy with the outcomes throughout our world community,” stated CEO Richard L. Gelfond.
“Our outsized efficiency with Hollywood blockbusters coupled with the growth of our profitable native language technique is fueling robust community progress all over the world, with sturdy gross sales exercise in China and North America in addition to key progress markets throughout Europe and Southeast Asia.”
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Worth Motion: IMAX shares are buying and selling increased by 0.49% at $18.38 on the final examine Wednesday.
