‘Oppenheimer’ helps IMAX swing to a profit in the third quarter
Publishing timestamp: 2023-10-25 12:36:19
Summary
IMAX reported its second highest-grossing quarter ever at the global box office, driven by major films such as "Oppenheimer" and "Mission: Impossible Dead Reckoning Part One." The company's revenue surged over 50% compared to the previous year, and its operating cash flow is more than three times what it was last year. IMAX CEO Richard Gelfond expressed confidence in the theatrical experience, despite the dominance of streaming. The company expects some impact from a potential Hollywood actors' strike but remains optimistic about upcoming titles and the success of concert films.
Sentiment: POSITIVE
Tickers: IMAX,
Keywords: business news, business, entertainment, life, imax corp, breaking news: business, movies, india, earnings, media,
Source: https://www.cnbc.com/2023/10/25/imax-earnings-q3-2023.html