In reporting their financials for the third quarter of 2024, IMAX was able to surpass earnings expectations despite a slight decline in revenue. The company announced a net income of USD $13.9 million, representing a 16% increase compared to the same period last year, with earnings per share of USD $0.35, significantly exceeding analyst forecasts of USD $0.22.

Keeping in mind that last year “Oppenheimer” over-performed for IMAX during the third quarter, in 2024 the period saw revenue fall to $91.5 million, reflecting a 12% decline year-over-year. However, the company demonstrated improved profitability with a profit margin of 15%, up from 12% in 2023.

For Richard Gelfond, the CEO of IMAX, it’s all about creating a sustained era for growth for the company over the next several years. “As we look forward, we expect 2025 to be our best year ever at the global box office, with more than $1.2 billion in IMAX grosses worldwide,” he said, highlighting at least 14 Filmed for IMAX releases shot on the company’s cameras scheduled to hit their screens. That number of screens expanded with IMAX completing 49 system installations completed in the third quarter alone, marking a 63% increase from the previous year.