IMAX Q2 2024 Earnings Summary - Profits and Industry Growth!

IMAX Q2 2024 Earnings Summary - - Profits and Industry Growth! Why Analysts say IMAX is a BUY. IMAX Corporation (NYSE: IMAX) reported on July 25, 2024 financial results for the second quarter of 2024, demonstrating the value of its unique global entertainment platform and broad content portfolio. The blobal entertainment platform delivers solid results, including Revenue of $89 million, Net Income of $3.6 million, EPS(1) of 7 cents, Total Adjusted EBITDA(2) of $31 million and Adjusted EPS(1) of 18 cents.
Signings for new and upgraded IMAX systems grow to 87 (+89%) in the quarter; system installations climb to 24 (+20%) as Company raises installation guidance to 130 to 150 systems for full-year 2024 vs. 128 in full-year 2023.
June surge of film hits pushes quarterly Global Box Office to $196 million; third quarter off to strong start with "Twisters" and this weekend's "Deadpool & Wolverine."
Quarterly revenue bolstered by sale of IMAX original documentary "The Blue Angels" as Company further diversifies content portfolio and revenue mix.
Cash from Operations climbs to $35 million in the quarter, up significantly year-over-year from $5 million in the prior-year quarter.
#TonyDenaro #IMAX #IMAXQ224

DD Links:
1) IMAX Press Release: https://imaxcorporation.gcs-web.com/news-releases/news-release-details/imax-corporation-reports-second-quarter-2024-earnings-results

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DISCLAIMER: Content, strategies and opinions on this channel are for entertainment purposes only. These are Tony's opinions, not specific investment or legal advice for you. Always do your own due diligence, read company filings and financial statements and seek a duly licensed professional for investment, tax or legal advice. Past performance is not a predictor of future results. This is not personalized but rather general educational and informational material.