IMAX Posts Record Second Quarter Profits Thanks to Strong Summer Blockbusters
MAX has announced they have posted record numbers of their second-quarter revenue, thanks in large to a hugely successful year at the global box-office with four films helping them reach their record numbers.
In their second quarter, IMAX Corp report a net income attributable to shareholders of $24.3 million — which is $10 million more than last year’s profits of $13.3 million. These second-quarter revenues jumped to a massive $107.1 million, making it the exhibitor’s biggest revenue generating quarter ever, beating out last year’s sum of $79 million.
"The second quarter of 2015 was one of the strongest in IMAX’s history, delivering our highest revenue ever, growing adjusted EPS by 60 percent compared to the same period last year, record box office and a quarterly per screen average that we have not seen since Avatar in 2010," CEO Richard Gelfond said in a statement. "During the latest quarter, IMAX generated $18.7 million in revenue from sales and sales-type leases, against a year-earlier $14.5 million, while revenue from joint venture-sharing deals came in at $31.6 million, compared to $19.4 million in 2014."
