• Though the Ryan Gosling sci-fi epic gave Imax a strong finish to the quarter, earlier films like “Mercy” and “Wuthering Heights” did not deliver tentpole-level grosses

• Revenue of $81.4 million tops Wall Street’s $80 million estimate

• Imax CEO Rich Gelfond is gradually resuming his duties after a pneumonia diagnosis earlier this year.

Though Amazon MGM’s “Project Hail Mary” gave Imax a strong finish to its first quarter, some underperforming titles on the premium format like “Mercy” contributed to a 6% drop in year-over-year revenue in Imax’s latest quarterly earnings report.

The company reported $81.4 million in revenue, a drop from the $86.7 million in the first quarter of 2025, and earnings of 17 cents per share. Those beat consensus Wall Street projections of $80 million in revenue and 15 cents per share.

As it has for the past several years, Imax touted its rapid overseas expansion, making deals to add 42 auditoriums across 10 countries, including 10 screens for the Australian theater chain Hoyts Cinemas.

“IMAX continues to build on the momentum of its record-breaking 2025 and further establish itself as the premier global platform for blockbuster entertainment. As we enter one of the most productive periods of the moviegoing year with among the most promising slates we’ve seen, we look forward to delivering a record $1.4 billion in global box office for the full year and driving network expansion worldwide,” said CFO Natasha Fernandes. The company will also soon see the full-time return of its CEO, Rich Gelfond, after he took a medical leave of absence following a pneumonia diagnosis.

“My recovery from pneumonia is progressing well. I have been discharged from the hospital and will continue to focus on my health in the coming weeks. I want to thank my doctors, my family, the team at IMAX, and everyone for their support. As I transition back from medical leave, I am gradually re-engaging in the business and involved in all strategic decisions at IMAX. The management team is doing an outstanding job and will continue with their day-to-day responsibilities,” said Gelfond in a statement.

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