IMAX (NYSE:IMAX) delivered a strong fourth-quarter performance to cap a record-breaking fiscal year 2025, significantly outperforming Wall Street expectations on both the top and bottom lines.
The Mississauga, Ontario-based company reported a fourth-quarter net income of $637,000, or 1 cent per share.
When adjusted for one-time items and restructuring costs, earnings reached 58 cents per share, comfortably ahead of the 43 cents per share anticipated by analysts surveyed by Zacks Investment Research.
The company’s revenue for the quarter rose to $125.2 million, a 35% increase year-over-year that also cleared the consensus forecast of $119.9 million.
This surge was underpinned by the highest-grossing year in the company’s history, with the global IMAX box office reaching $1.28 billion for the full year 2025—a 40% jump from 2024 levels.
For the full year, IMAX reported a total profit of $34.9 million, or 63 cents per share, on record annual revenue of $410.2 million.
The results reflect the company’s successful pivot toward a more diversified content slate, including a record $405 million from local-language films, which now account for a significant portion of its global network's performance.
Looking ahead to 2026, management provided an optimistic outlook, projecting a global box office of $1.4 billion.
This guidance is supported by a robust 2026 film slate that includes several high-profile "Filmed for IMAX" releases, including Christopher Nolan’s The Odyssey and Disney’s Tron: Ares.
The company expects to maintain its momentum by installing between 160 and 175 additional systems worldwide over the coming year.