IMAX China Holding Inc

1970.HK▲

IMAX Stock Soared on Monday After Record July Box Office

IMAX shares closed nearly 7% higher on Monday after the company reported its highest-grossing month ever, driven by Christopher Nolan's The Odyssey. IMAX's July box-office revenue reached $257 million, a 47% increase over the previous monthly record, with The Odyssey contributing $221 million in IMAX ticket sales. The film also became the fastest IMAX release to surpass $200 million in ticket sales, achieving the milestone in its third weekend. CEO Rich Gelfond said the film's trajectory continues to defy expectations. Additionally, IMAX announced that Spider-Man: Brand New Day will begin playing on its screens on Thursday, following strong openings in China, South Korea, and Japan.

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IMAX Stock Rises on Staggering Odyssey Box Office

IMAX shares continued to climb as the company reported staggering box-office results for Christopher Nolan's The Odyssey. CEO Richard Gelfond said fans are flying across countries to see the film in IMAX's 70-millimeter format, selling out screenings around the clock. The movie helped IMAX follow a record-breaking $52 million opening weekend with a $48 million second weekend. IMAX extended 70-millimeter screenings into mid-September due to overwhelming demand.

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IMAX maintains $1.4 billion 2026 global box office target as The Odyssey drives system demand

IMAX Corporation reaffirmed its full-year 2026 global box office target of $1.4 billion, citing record-breaking results from Christopher Nolan's The Odyssey. The film delivered a $52 million global opening weekend for IMAX, the biggest in company history on a like-for-like basis, capturing a 20 percent share of the worldwide debut on less than 1 percent of total screens. Second-quarter revenue rose 12 percent year-over-year to $103 million, with adjusted earnings per share of $0.43, up 65 percent, and adjusted EBITDA of $48 million at a nearly 47 percent margin. The company signed agreements for 62 new and upgraded IMAX systems year-to-date and installed 38 systems in the second quarter, while also noting strong demand for Odyssey-themed merchandise. Management expressed confidence in the second-half slate, anchored by The Odyssey and Dune Part Three, and maintained its full-year adjusted EBITDA guidance range of $160 million to $175 million.

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Disney creates Infinity Vision premium format after Avengers loses IMAX screens to Dune

Disney is launching a new premium large format certification called Infinity Vision after its upcoming Avengers: Doomsday was shut out of IMAX screens by Warner Bros.' Dune: Part Three, which opens on the same December 18 date. Infinity Vision is not a new hardware system but a stamp of approval for existing premium auditoriums that meet technical requirements including a screen at least 50 feet wide, laser projection, and 7.1-channel Dolby surround sound. Disney says more than 75 domestic and 300 global premium large-format auditoriums already qualify, and the program has received over 7,500 applications from screens worldwide. The move comes as IMAX, which commands roughly 400 North American screens, has committed its venues to Dune: Part Three for three weeks, locking out the Marvel blockbuster from a format that can capture up to a quarter of a major film's opening-weekend gross. Disney is betting that Infinity Vision can help recapture premium-ticket revenue for Doomsday, which follows the studio's recent leadership change under new CEO Josh D'Amaro and a round of roughly 1,000 job cuts earlier this year.

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The Odyssey opens with $17.6M in previews, targets $200M global weekend

Christopher Nolan's The Odyssey earned $17.6 million in domestic previews, the highest of any film this year, and is projected to open to $90 million to $100 million domestically and $200 million globally this weekend. The 172-minute epic, made on a $250 million budget and filmed entirely with IMAX cameras in 70 mm, holds a 96% Rotten Tomatoes score and is expected to surpass Nolan's previous box-office record set by Oppenheimer. The strong early performance is seen as a positive catalyst for Universal Pictures and IMAX.

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IMAX poised for stronger second half despite expected modest Q2

IMAX Corp is positioned for a stronger second half of 2026 despite expectations for modest second quarter growth, according to Wedbush, which reiterated its Outperform rating and $46 price target ahead of the company's earnings report. Wedbush expects second-quarter revenue of $94 million, slightly below the Wall Street consensus of $97 million, and adjusted EBITDA of $39 million, in line with consensus. Global box office on IMAX screens reached an estimated $284 million during the quarter, up 1% year over year but below Wedbush's initial forecast of $309 million, with domestic box office declining 6% to $134 million, China falling 26% to $31 million, and international markets excluding China rising 23% to $119 million. The analysts characterized the softer quarter as temporary, maintaining confidence that IMAX remains on track to achieve its 2026 targets, including approximately $1.4 billion in global box office, system installations of 160 to 175, and an adjusted EBITDA margin exceeding 45%. IMAX is scheduled to report its Q2 results after the market closes on July 23.

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