IMAX reported impressive financial performance in Q4, fueled by the success of “Avatar: Fire and Ash.” The company generated a record $1.28 billion globally in 2025 and is targeting $1.4 billion for 2026.
Q4 Financial Highlights
IMAX experienced a significant 62% year-over-year increase in gross box office revenue, totaling $336.2 million in the fourth quarter. This surge set a new record, largely driven by “Avatar: Fire and Ash,” which contributed $112 million to IMAX’s overall box office in 2025.
Key Financial Metrics
- Revenue for the fourth quarter rose 35% to $125.2 million.
- Adjusted EBITDA increased by 53% to reach $57.1 million.
- Net profit fell by 64% to $2.4 million due to one-time charges.
- Net cash from operating activities rose 79% year-over-year to $127 million.
- Available liquidity at year-end stood at $545 million.
Strategic Growth Initiatives
CEO Rich Gelfond highlighted 2025 as a pivotal year, enhancing IMAX’s reputation as a premier platform for entertainment. He stated that the upcoming slate for 2026 is one of the strongest in the company’s history. This includes over 12 films specifically filmed for IMAX.
Upcoming Releases
Notable upcoming IMAX-centric films include:
- The Odyssey by Christopher Nolan
- Dune: Part Three by Denis Villeneuve
- The Mandalorian and Grogu by Jon Favreau
- Narnia by Greta Gerwig
Global Expansion
IMAX is expanding its network into under-penetrated markets such as Japan, Australia, Germany, and France. This expansion aims to increase its total addressable market to nearly 4,500 locations worldwide, doubling the current operational systems.
Gelfond emphasized that major filmmakers and studios are recognizing the value of theatrical releases, which signals a readiness to enhance content offerings. He expressed optimism about IMAX’s ability to serve its global audience while delivering robust financial results and returns for shareholders.
