Imax reports Q1 revenue and profit decline despite hits

Imax's revenues and profits fell in the first quarter of 2026, despite strong performances from 'Avatar: Fire and Ash' and 'Project Hail Mary.' The company posted $81 million in revenue, down 6.5% from last year, and net income of $6.2 million, down 26%. Results beat Wall Street expectations.

Imax announced its first-quarter results for the period ending March 2026, revealing revenues of $81 million, a 6.5% decrease from $86.7 million in the prior year's quarter. Net income dropped 26% to $6.2 million from $8.2 million, though adjusted earnings per share improved to 17 cents from a 13-cent loss. These figures exceeded analysts' expectations of $79.9 million in revenue and 15 cents per share, according to the company.

Artigos relacionados

Illustration depicting Imax executives handling operations during CEO Richard Gelfond's temporary medical leave for pneumonia.
Imagem gerada por IA

Imax CEO Richard Gelfond takes temporary medical leave for pneumonia

Reportado por IA Imagem gerada por IA

Imax CEO Richard Gelfond has begun a temporary medical leave of absence to undergo treatment for pneumonia, the company announced on March 30. He will skip upcoming events including CinemaCon next month in Las Vegas. Senior executives are managing daily operations under board chairman Darren Throop.

Amazon reported first-quarter revenue of $181.5 billion, surpassing Wall Street expectations with a 17% year-over-year increase. CEO Andy Jassy highlighted the success of Project Hail Mary, which has earned nearly $615 million at the box office to date. Amazon Web Services revenue reached $37.6 billion, up 28%.

Reportado por IA

Microsoft's Xbox hardware revenue fell 33 percent year-on-year in Q3 FY2026, despite overall company revenue rising 18 percent to $82.9 billion. Gaming revenue declined seven percent, prompting Xbox leaders to pledge renewed focus on core fans. The firm recently cut Game Pass prices in response to customer feedback.

Micron Technology reported fiscal Q2 2026 revenue of $23.86 billion, up 196% year-over-year and beating consensus estimates of $19.51 billion. Earnings per share reached $12.20. The company issued strong Q3 guidance, projecting revenue of $33.5 billion and EPS of $19.15.

segunda-feira, 04 de maio de 2026, 12:19h

Paramount Skydance CEO commits to 30 films yearly after Warner Bros. merger

quarta-feira, 29 de abril de 2026, 12:26h

Fluence Corporation reports $0.5 million Q1 2026 EBITDA

domingo, 29 de março de 2026, 03:04h

Project Hail Mary surpasses $300 million at global box office

segunda-feira, 02 de março de 2026, 01:22h

IonQ reports 429% Q4 revenue surge

segunda-feira, 16 de fevereiro de 2026, 11:34h

Robinhood's stock drops 12.2% after Q4 earnings miss

Este site usa cookies

Usamos cookies para análise para melhorar nosso site. Leia nossa política de privacidade para mais informações.
Recusar