{"id":125586,"date":"2022-02-24T00:21:16","date_gmt":"2022-02-24T00:21:16","guid":{"rendered":"https:\/\/fin2me.com\/?p=125586"},"modified":"2022-02-24T00:21:16","modified_gmt":"2022-02-24T00:21:16","slug":"imax-returns-to-pre-pandemic-form-with-q4-profit-and-record-share-of-2021-box-office","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/imax-returns-to-pre-pandemic-form-with-q4-profit-and-record-share-of-2021-box-office\/","title":{"rendered":"Imax Returns To Pre-Pandemic Form With Q4 Profit And Record Share Of 2021 Box Office"},"content":{"rendered":"<p>Imax marked an official turning point in the fourth quarter, reporting its best results in any quarter since 2019, before the coronavirus pandemic upended show business and civilization.<\/p>\n<p>Paced by Spider-Man: No Way Home and other strong titles in the quarter, revenue soared 94% over the year-earlier period, to $108.6 million. Earnings of 17 cents a share compared with a year-ago loss of 36 cents a share. Both key metrics came in ahead of Wall Street analysts&#8217; consensus forecast, and investors boosted shares in Imax 7% in after-hours trading on the upside surprise.<\/p>\n<p>In capping off 2021, the company repeated the box office stats it had first released in early January. For the full year, box office hit $638 million, a jump of 146% from the company&#8217;s 2020 total. Overall global box office bounced back to $21.4 billion, up 78% from the depths of 2020, though that was still barely halfway to the all-time record set in 2019.<\/p>\n<p>In the fourth quarter, ticket sales climbed 15%. The top five Imax performers in the quarter were <em>Spider-Man: No Way Home<\/em>, <em>Dune<\/em>, <em>No Time to Die<\/em>, China&rsquo;s <em>The Battle at Lake Changjin<\/em> and <em>Eternals<\/em>.<\/p>\n<p>&#8220;The fact that Imax is driving results at or above what we achieved in 2019 &mdash; which was by many measures, our best year ever &mdash; reaffirms that we are not an exhibitor and have moved beyond recovery mode,&#8221; CEO Rich Gelfond said in the earnings release. &#8220;With strong a balance sheet that affords us security and capital allocation flexibility, we are well-positioned to capitalize on our momentum and continue to evolve and grow our business.&rdquo;<\/p>\n<h2>Must Read Stories<\/h2>\n<h3>NBC Renews &#8216;The Blacklist&#8217; For Season 10; James Spader &#038; Showrunner Back For More<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/deadline.com\/wp-content\/uploads\/2021\/06\/NUP_194355_0691.jpg\"><\/p>\n<h3>Oscarcast Shakeup: Eight Categories To Be Awarded Ahead Of Show<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/deadline.com\/wp-content\/uploads\/2022\/02\/Oscars-1.jpg\"><\/p>\n<h3>James Mangold To Direct Buster Keaton Biopic For 20th Century<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/deadline.com\/wp-content\/uploads\/2022\/02\/Buster-Keaton.jpg\"><\/p>\n<h3>&#8216;Unplanned In Akron&#8217; Comedy From Schuyler Helford &#038; Picturestart Lands CBS Pilot Order<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/deadline.com\/wp-content\/uploads\/2022\/01\/Emily-R.-Wilson-CBS.jpg\"><\/p>\n<h2>Read More About:<\/h2>\n<p>Source: <a href=\"https:\/\/deadline.com\/2022\/02\/imax-returns-to-profit-q4-record-share-box-office-1234958929\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Imax marked an official turning point in the fourth quarter, reporting its best results in any quarter since 2019, before the coronavirus pandemic upended show [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":125585,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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