Imax second quarter earnings rise as Odyssey fuels buzz
Imax second quarter earnings rose sharply, with revenue up 12% to $102.8 million and net income up 30% to $15.9 million for the period ending in June. Hits including Michael and The Super Mario Galaxy Movie lifted results, while CEO Rich Gelfond called Christopher Nolan's The Odyssey a transformational event for the big-screen format.
The premium-format specialist also posted adjusted earnings per share of 43 cents, a 65% jump from the year-ago quarter, according to Variety.
Key Takeaways
- Revenue rose 12% to $102.8 million; net income climbed 30% to $15.9 million.
- Global Imax box office hit $285 million, the strongest second quarter since 2019.
- Michael, The Mandalorian & Grogu, and The Super Mario Galaxy Movie led Imax grosses.
- The Odyssey delivered a record $52 million Imax opening weekend, or 20% of global box office.
- CEO Rich Gelfond called The Odyssey a transformational event, with $60 million in Imax pre-sales.
What drove Imax second quarter earnings higher?
Theatrical hits powered the rebound. Over the three months ending in June, Imax's top titles included Michael ($69 million), The Mandalorian & Grogu ($42 million), and The Super Mario Galaxy Movie ($39 million).
Global box office of $285 million edged up 1% year over year. International markets excluding China grew 24%, helping deliver the company's highest second-quarter box office since 2019. Imax also installed 38 new systems, compared with 36 in the same quarter of 2025.
How did The Odyssey reshape the Imax outlook?
Even while celebrating the quarter, Imax pointed ahead to a monster third quarter built around Christopher Nolan's The Odyssey, the first film shot entirely with Imax cameras. Sell-outs followed as theaters scrambled to keep up with demand.
Imax accounted for 20% of the film's global opening-weekend box office, or $52 million in sales, a company record. It also reported $60 million in pre-sales for future Odyssey showtimes.
In a statement, Gelfond hailed The Odyssey as "a transformational event for Imax" and "the purest and most complete expression yet of the power of our global platform." He said the film gives excellent near-term momentum into a slate that culminates with Dune: Part Three, also shot with Imax film cameras and set for Imax 70mm film.
Why does this matter for streaming and cinema fans?
Rising Imax second quarter earnings show event cinema can still move the needle even as audiences split time with streaming. The Odyssey surge underlines how tentpoles exclusive in premium formats can dominate both ticket sales and the wider entertainment conversation.
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