- IMAX Corporation's Q2 2021 results beat market expectations, thanks to a faster pace of re-opening of movie theaters, higher-than-expected box office numbers, and an increased number of IMAX system installations.
- IMAX Corporation is relatively less affected by structural issues affecting the movie industry, thanks to its focus on premium experiences and blockbusters.
- IMAX Corporation's China business is focusing more on local language movies, which means a delay in the release of Hollywood blockbusters is less of a concern for its Chinese operations.
- IMAX Corporation trades at 20.2 times consensus forward fiscal 2022 normalized P/E multiple, which is below its historical averages prior to the pandemic.
For further details see:
IMAX Corporation: The Best Bet In The Industry