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Imax CEO Anticipates Record $1.2 Billion Of Global Box Office Grosses In 2025 As Solid Q3 Weathers Tough Comps From ‘Oppenheimer’
Imax share nosed higher in after-market trading up over 3% on mixed numbers and a roaring good outlook by CEO Rich Gelfond.
The company’s other half, Technology Products and Services, saw revenues rise 3% year-over-year to $58 million, driven by system installation growth that’s outpacing the prior year and helped partly offset lower box office. On a call with analysts after the number, Gelfond declined to comment on reports that it’s talking with Netflix about a theatrical release for Greta Gerwig’s Chronicle of Narnia reboot. “With an exceptional content pipeline, accelerating system installations, and robust sales activity worldwide, we are very well-positioned to execute and capitalize on the opportunity ahead over the next several years.”
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