IMAX Corporation Reports First Quarter 2021 Results
HIGHLIGHTS
- IMAX continues to help lead the global film industry out of the pandemic as pent-up demand emerges in global markets driving year-over-year quarterly growth in revenue, box office, gross margins and EBITDA
- Company posts $110 million in global box office its first year-over-year quarterly box office growth of the pandemic period as strong rebound in Asia continues and begins to expand to other key markets
- IMAX expects further market openings and loosening of capacity restrictions to drive increased network capacity as summer tentpoles including A Quiet Place 2, Fast 9, and Black Widow arrive in theaters
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NEW YORK, April 15, 2021 /PRNewswire/ IMAX Corporation (NYSE:IMAX) today announced it will hold a quarterly conference call to discuss its first-quarter 2021 financial results on Thursday, April 29, at 8:30 a.m. Eastern Time.
This call is being webcast and can be accessed at investors.imax.com. To access the call via telephone, interested parties in the US and Canada should dial (800) 367-2403 approximately 5 to 10 minutes before the call begins. Other international callers should dial (647) 490-5367. The conference code for the call is 2982656. A replay of the call will be available via webcast at investors.imax.com or via telephone by dialing (888) 203-1112 (US and Canada), or (647) 436-0148 (international). The conference code for the telephone replay is 2982656.
/PRNewswire/
IMAX (NYSE: IMAX) scored its biggest domestic opening weekend in more than a year as Godzilla vs. Kong earned $4.5 million on 284 screens. Over 1,000 domestic IMAX shows were sold-out over the 5-day opening, nearly 25% of all IMAX showtimes over that period. Globally, the Warner Bros. and Legendary Pictures monster hit continued to smash expectations, earning $13 million this weekend across all markets. Godzilla vs. Kong has emerged as a symbol of the enduring strength of the theatrical experience for blockbuster filmmaking, delivering great box office even with many theatres still closed and significant capacity restrictions, said Rich Gelfond, CEO of IMAX. Make no mistake this film has become a global event because it received a global theatrical release, and the phenomenal pipeline of tentpole films ahead have the chance to capitalize on the same opportunity.