IMAX Posts Highest Quarterly Revenue in History on Summer Movie Strength
Thanks to summer smashes like “Jurassic World” and “Avengers: Age of Ultron,” Imax reported its highest quarterly revenue in company history on Thursday.
The big screen company picked up $107.2 million in revenue, a 35.5% jump from the $79.1 million it recorded in the year ago period amidst an industry-wide dip in ticket sales. It also and beat analysts’ estimates, with most stock watchers expecting Imax to report revenues of $100.2 million.