Imax Q2 profits soar 139% as domestic box office climbs

On just 400+ screens, Imax delivered its highest-grossing domestic quarter ever at $143 million.

It saw net profits soar 139% to $12.2 million in Q2, with revenue rising 3% to $91.7 million, beating Wall Street expectations. 

The global box office rose 19% year-on-year and captured at least 10% of the domestic opening for seven major summer films, including Sinners, Mission: Impossible – The Final Reckoning, and F1: The Movie, which will be rereleased on August 8.

Meanwhile, Christopher Nolan’s next film, The Odyssey, will be the first movie ever shot entirely with Imax cameras. 

CEO Rich Gelfond said the 10% domestic box office share, once a high watermark, is now routine.

Imax opened 57 new screens in recent years and signed 124 system upgrades globally—nearing 2024’s full-year total of 130. Major flagships in NYC and LA are coming soon.

Gelfond said Imax is on track to hit $1.2 billion in the 2025 box office. 

Shares have jumped over 60% in the past year as studios embrace Imax for blockbuster marketing and audiences seek premium theatrical experiences.