Hits like “The Super Mario Galaxy Movie” and “Michael” helped lift Imax‘s second quarter earnings. During the three-month period ending in June, the big screen provider’s revenues increased 12% to $102.8 million, while net income improved 30% to $15.9 million. Imax recorded adjusted earnings per share of 43 cents, a 65% improvement over the prior-year quarterly results.
Imax’s global box office of $285 million marked the company’s highest second quarter results since 2019 and increased 1% year-over-year, which it said was driven by 24% box office growth in international markets excluding China. The top grossing titles in Imax over the three month period included “Michael” ($69 million), “The Mandalorian & Grogu” ($42 million), and “The Super Mario Galaxy Movie” ($39 million).
But even as Imax touted its results, the company was already looking ahead to a monster third quarter, driven by the frenzy surrounding screenings of Christopher Nolan’s “The Odyssey” on the company’s screens. “The Odyssey” is the first film shot entirely with Imax cameras and Nolan’s advocacy of the format has led to sell-outs as theaters have scrambled to keep up with demand. Imax was responsible for 20% of the film’s global box office in its opening weekend, accounting for $52 million in sales. That’s a record for the company. Imax also reports it has $60 million in pre-sales for future showtimes of “The Odyssey.”
