Imax Q4 Revenue Dips, CEO Touts Strong Full-Year 2023 At North American Box Office, Growing Global Footprint
IMAXIMAX(IMAX) Deadline·2024-02-28 05:31

Imax saw sales dip in the fourth quarter to 86millionfrom86 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 in up in after-market trading. Adjusted ebitda (earnings before interest, taxes, depreciation and amortization)was $23 million (also down from the year ago), and EPS was flat at 5 cents a share, also in line. The fourth quarter was hit by big ticket films moving out of 2023. Oppenheimer, which came out over the s ...