IMAX swings to Q3 profit
October 27, 2023
Christopher Nolan’s blockbuster Oppenheimer has helped IMAX report record box office revenues for the quarter-year to September 30th expand 98 per cent to $347 million (€329m).
IMAX itself posted revenues of $103.9 million for the quarter, up 51 per cent from a year ago.
Its Q3 profits were $12 million and meant a positive move from last year’s $9 million loss. Oppenheimer generated more than $184 million in Imax global box office across its network, making it a Top 5 Imax release of all time.
“Imax financial results for the third quarter are spectacular by any measure — versus budget, versus our historical performance and in the context of a highly dynamic business environment for media and entertainment,” said CEO Richard Gelfond. “We are programming by far the strongest and most diverse content portfolio in our history – Hollywood blockbusters, local-language films, marquee theatrical releases by streamers, concert films, docs, live events – and we couldn’t be more pleased with the results across our global network.”
Imax report record box office revenues for the quarter-year to September 30th expand 98 per cent to $347 million.
Imax itself posted revenues of $103.9 million for the quarter, up 51 per cent from a year ago.
Its Q3 profits were $12 million and meant a positive move from last year’s $9 million loss. Oppenheimer generated more than $184 million in Imax global box office across its network, making it a top 5 Imax release of all time.
“Imax financial results for the third quarter are spectacular by any measure — versus budget, versus our historical performance and in the context of a highly dynamic business environment for media and entertainment,” said CEO Richard Gelfond. “We are programming by far the strongest and most diverse content portfolio in our history – Hollywood blockbusters, local-language films, marquee theatrical releases by streamers, concert films, docs, live events – and we couldn’t be more pleased with the results across our global network.”