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Imax beats Q1 estimates as 'Project Hail Mary' drives strong box office revenue

Company Fundamentals
30 Apr 2026
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Bullish
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Imax reported better-than-expected first-quarter results, driven by the success of Amazon MGM Studios' sci-fi film 'Project Hail Mary' starring Ryan Gosling. Despite a 6% revenue decline to $81.4 million compared to last year, earnings per share rose to 17 cents from 13 cents, surpassing Wall Street forecasts. 'Project Hail Mary' has grossed over $600 million globally, becoming Imax's top-grossing film, helping offset the previous year's blockbuster 'Ne Zha 2' which earned $2.2 billion. The company reaffirmed its 2026 guidance of $1.4 billion in global box office revenue, with strong growth in North America and other regions outside China, where results lagged. CEO Rich Gelfond is recovering well from pneumonia and has resumed duties.

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