As tentpoles and local language titles returned in force to its giant screens, Imax posted higher global box office that surpassed the comparable performance in pre-pandemic 2019.
which was shot using the giant screen company’s proprietary cameras and featured its expanded aspect ratioImax said global box office of $277 million during the latest quarter rose 15 percent on global box office, topping $244.46 million in the fourth quarter of 2019, which was the company’s highest grossing year ever. The large format exhibitor also grew global box office by 146 percent year-on-year to $638 million for full-year 2021.
On Wednesday, Imax reported earnings attributable to shareholders of $10.1 million, compared to a year-earlier loss of $21.2 million, and adjusted earnings per share at 31 cents, compared to a 21 cents per-share loss in 2019. Shares in Imax were up by $1.77, or 9 percent, to $21.25 in after-hour trading.
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