IMAX Shifts Into High Gear, Topping Sales Targets
While competitors struggle under heavy debt and chase meme-stock hype, IMAX has consistently delivered solid financial results
Welcome to MovieNewsPro for Thursday, July 24th, 2025. Here's what you need to know.
🎬 Today's Take
The theater business is a tough racket these days, so it was welcome news when IMAX beat its Q2 sales target and Wall Street forecasts yesterday. The company reported its highest-grossing domestic quarter ever, with $143 million in revenue, a 19% increase compared to 2024. Net income for the quarter surged by 139%. IMAX is clearly growing, and that’s something to celebrate in this challenging movie theater landscape.
What fueled the high-octane numbers? The large-format theater chain benefited from a strong lineup of summer blockbusters, including Warner Bros. Sinners, Paramount's Mission: Impossible – The Final Reckoning, and Apple's F1: The Movie. The numbers on F1 were so solid, that IMAX has announced it will re-release F1 in its theaters this August. The company is also expanding its footprint, adding new screens in cities like New York and Los Angeles.
While competitors struggle under heavy debt and chase meme-stock hype, IMAX has consistently delivered solid financial results. The stock is up 21% over the past six months and nearly 60% year-over-year. With a P/E ratio of 62, IMAX stock isn't cheap, but its value is being supported by a growing number of films made specifically for its proprietary format. Christopher Nolan’s upcoming The Odyssey, for instance, was shot entirely in the IMAX format. Tickets for the movie have sold out one year in advance of its release.
IMAX may not cater to the arthouse crowd, which increasingly turns to streaming platforms for indie content. They don't even court that audience. They wisely stay in their lane. But for audiences seeking big-screen, blockbuster "popcorn movie" experiences, IMAX appears to be shifting into high gear.
📈 Movie Stock Index
Market Close: Thursday, July 24th, 2025.
Total Value: $115,360.47
Today's Change: -$1,012.07 (-0.87%)
Total Gain/Loss (Since 05/12/25): $15,301.48 (15.30%)
Rough day for the Movie Stock Index, closing down -$1,012.07 (-0.87%). Cineverse Corp (-5.09%) and Cinemark (-4.70%) led the decline. Starz and Warner Bros Discovery were up today, (1.85%) and (1.43%) respectively.
Disclaimer: The MovieNewsPro Stock Index is a virtual index - there are no actual funds invested. Sector index total value dollar amounts are based on an initial hypothetical investment of $100,000 on May 12th, 2025. MovieNewsPro and/or its publisher may own stock or have interest in the companies mentioned. We are not licensed investment advisors and our information should not be used as investment advice. Invest wisely.
🎥 Industry Intel
Antoine Fuqua's much-delayed Michael Jackson biopic Michael is now set for an April 24th, 2026 release date. (TheWrap)
Amazon MGM's upcoming Artificial (about the OpenAI/Sam Altman drama) has reportedly cast Cooper Hoffman and Ike Barinholtz in supporting roles. The script is from Simon Rich, with Luca Guadagnino directing. (Deadline)
The board of directors for the upcoming Comcast spinoff Versant has finally been announced. (CNBC)
Director Jim Jarmusch's first movie in six years, Father Mother Sister Brother, will make its North American premiere at the 2025 New York Film Festival. (IndieWire)
📢 Job Opening Alert
Sony is hiring for a Vice President, Franchise Management (Television) (HollyList)
🏆 Upcoming Film Festivals
New York Asian Film Festival, US - July 11-27
Golden Apricot International Film Festival, Armenia - July 13-20
Fantasia International Film Festival, Canada - July 17-August 3
Jerusalem Film Festival, Israel - July 17-27
New Horizons International Film Festival, Poland - July 17-27
Waco Independent Film Festival, US - July 17-20
Burgas International Film Festival, Bulgaria - July 19-25
Malaysia International Film Festival, Malaysia - July 19-27
Cinema Rediscovered, UK - July 23-27
Comic-Con, US - July 24-27
Woods Hole Film Festival, US - July 26-August 2
BlackStar Film Festival, US - July 31-August 3
Martha’s Vineyard African-American Film Festival, US - August 1-9
Membrana Film Festival, UK - August 3
Locarno Film Festival, Switzerland - August 6-16
37ºSouth Market, Australia – August 7-10
HollyShorts Film Festival, US - August 7-17
Melbourne International Film Festival, Australia - August 7-24
Gramado Film Festival, Brazil - August 13-23
Edinburgh International Film Festival, UK - August 14-20
Sarajevo Film Festival, Bosnia & Herzegovina - August 15-22
Norwegian International Film Festival Haugesund, Norway - August 16-22
Sidewalk Film Festival, US - August 18-24
New Nordic Films, Norway - August 19-22
FrightFest, UK - August 21-25
Venice International Film Festival, Italy - August 27-September 6
📺 Watch This Tonight
Moonage Daydream (2022)
Directed by Brett Morgen
A visual feast that lives up to the extraordinary task of documenting one of the world's most experimental rock stars: David Bowie.
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Disclaimer/Transparency
MovieNewsPro is a film industry news, trends and analysis monitoring service. All stories have been previously reported elsewhere and are not exclusive stories to MNP. All information is believed to be accurate at the time of reporting. MovieNewsPro uses a full array of technology to gather information, including machine learning, automation and artificial intelligence throughout its business monitoring, editing and reporting process.
