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‘Inside Out 2’ Helps Imax Beat Wall Street’s Quarterly Earnings Projections
Imax saw revenues and profits decline, but its stock surged as 'Inside Out 2' and 'The Blue Angels' lifted quarterly earnings
“ Inside Out 2 ” helped lift Imax ‘s quarterly earnings, but a slower start to summer blockbuster season took a bite out of the company’s profits and revenues. Some analysts attributed the lack of pop in popcorn season to the impact of the Hollywood actors and writers strikes, which delayed productions and left theaters with fewer movies to show. “With the strikes — and the lingering effects of the pandemic — firmly behind us, we are in an excellent position to fully realize the benefits of our strong, asset-lite business model,” the Imax chief said.
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