IMAX - IMAX Q3 Earnings Smashes Estimates On Box Office Strength | Benzinga
IMAX Corp (NYSE: IMAX) reported third-quarter FY23 sales growth of 51% year-on-year to $103.90 million, beating the analyst consensus estimate of $100.72 million.
The company said Q3 marks its second highest grossing quarter of all time at the IMAX global box office.
Gross profit jumped 98% to $62.7 million, and the margin of 60% expanded 1,400 basis points Y/Y.
Adjusted EBITDA totaled $45 million, with an adjusted EBITDA margin expanding from 26% to 47%.
Operating cash flow for nine months totaled ...