Imax saw sales dip in the fourth quarter to $86 million from $98 million, in line with Wall Street forecasts, as the company focused on the full year and its accelerated global expansion. The stock has popped more than 8% in after-market trading on the numbers and outlook. Adjusted ebitda (earnings before interest, taxes, depreciation
IMAX Earnings
Imax said today it expects to return to its pre-pandemic gross box office level of $1.1 billion in 2023, as it reported revenue of $98 million for last year’s fourth quarter, down 10% from the year before. That dip, in-line with Wall Street forecasts, comes despite blockbuster Avatar: The Way of Water and was due largely to