IMAX Corporation (IMAX)

IMAX Corp. (IMAX) stock has experienced notable events in the past six months. Between October 24, 2024, and October 23, 2025, the share price increased by 61.63%. The company's third-quarter 2025 earnings exceeded analyst expectations, with adjusted earnings per share of $0.47 and record revenue of $106.7 million, leading to a 1.65% increase in the company's shares in pre-market trading. Strong system signings and installations were reported, with 142 new and upgraded systems signed by September 2025, surpassing the full-year total for 2024. IMAX China repurchased 1,495,900 common shares for approximately $1.4 million during the first nine months of 2025. In April 2025, rumors of a potential Chinese ban on Hollywood film imports caused IMAX shares to decline by 15% over a week, though no official statement was made, and scheduled releases proceeded as planned.

Demand for IMAX Corp.'s products and services is significantly influenced by the seasonality of the film industry. Cinemas generally experience heightened demand during periods of summer blockbusters, as well as winter and holiday releases. IMAX benefits from a strong lineup of films, and a series of major premieres anticipated between 2025 and 2027 are expected to drive demand for its technology and content. The company's strategy of diversifying its content portfolio helps to mitigate some of the traditional seasonality.

IMAX Corporation (IMAX) is an entertainment technology company specializing in immersive cinematic experiences. It designs and manufactures IMAX cameras and projection systems, and is involved in film development, production, post-production, and distribution to IMAX-affiliated theaters globally. Its major products and services include proprietary software, auditorium architecture, patented intellectual property, and specialized equipment to create content experiences. IMAX also offers content enhancement and distribution services, including the digital remastering of Hollywood films, and the distribution of large-format documentary films and exclusive live events. The company's offerings extend to 3D glasses, IMAX 3D, IMAX Dome, Digital IMAX, IMAX with Laser, and IMAX 70mm film systems. In September 2022, IMAX acquired streaming technology company Ssimwave.

IMAX has a significant global presence, operating in 89 to 90 countries and territories. As of September 30, 2025, there were 1,829 IMAX systems worldwide, including commercial multiplexes, commercial destinations, and institutional locations. The company's global headquarters are in Mississauga, Ontario, Canada, with additional operations in New York City, Los Angeles, London, Dublin, Tokyo, and Shanghai. Greater China represents a substantial portion of IMAX's installations, with approximately 800 of its 1,829 global screens located there as of October 2025. The company is actively expanding its international footprint, with plans to target 25 new international markets by 2025.

IMAX maintains a strong brand reputation as a leader in premium cinema technology, known for delivering immersive and awe-inspiring entertainment experiences. The company's proprietary technology is viewed as superior and a trusted choice by Hollywood directors. Its brand reputation has been positively impacted by its record-breaking financial results, particularly in the third quarter of 2025, and its success with local language content. Strategic partnerships with studios and filmmakers also underscore its strong standing in the industry.

The ownership structure of IMAX Corp. (IMAX) is a mix of institutional, retail, and individual investors. Institutional investors hold a significant portion, ranging from approximately 34.21% to 90.67% of the company's stock. Insiders own about 22.10% of the stock, while public companies and individual investors hold between 6.51% and 37.18%. Major institutional owners include Orbis Allan Gray Ltd, Macquarie Group Ltd, Fmr Llc, BlackRock, Inc., Ameriprise Financial Inc, Royce & Associates Lp, Dimensional Fund Advisors Lp, Nantahala Capital Management, LLC, The Vanguard Group, and State Street Corporation. Kevin Douglas is noted as owning the most shares of IMAX Corp. among individual investors.