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.

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Adobe reports record Q2 revenue and raises full-year guidance

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Adobe posted strong second-quarter results for fiscal 2026, with revenue reaching a record $6.62 billion. The company beat estimates and increased its full-year revenue outlook amid accelerating AI-driven growth.

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%.

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Lionsgate posted stronger quarterly results, driven by the box office performance of its thriller 'The Housemaid.' Revenues rose while the studio returned to profit.

Metaplanet posted higher operating profit for the first quarter, supported by income from bitcoin holdings. The company nevertheless recorded a $728 million loss from valuation markdowns after bitcoin prices fell sharply.

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The Super Mario Galaxy Movie earned $35 million in its third domestic weekend, bringing its total to $355.2 million and the franchise past $2 billion worldwide. Lee Cronin's The Mummy opened to $13 million domestically and $34 million globally. Project Hail Mary added $20.4 million in its fifth weekend for a $285 million domestic cume.

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