Industry Overview - The entertainment and media industry grew 5% to $2.8 trillion in 2023 and is projected to reach $3.4 trillion over the next five years at a compound annual growth rate of nearly 4% [2] - Non-English language content is experiencing rapid growth even in traditionally English-speaking markets, with Netflix reporting a 90% increase in viewership of non-English content in the U.K. over the last three years [2] Company Initiatives - IMAX is leveraging AI to enhance localization of its original content in response to the rising demand for non-English content [1][3] - IMAX has partnered with Dubai-based startup Camb.ai to utilize its AI speech models for translating original content, including documentaries [3] Camb.ai Technology - Camb.ai has developed AI dubbing and speech translation technologies that have been successfully used in live sports events and leagues [4] - The company offers its Boli model for speech-to-text translation and Mars for speech emulation, supporting 140 languages, including low-resource languages [4] AI Deployment and Strategy - IMAX plans to roll out AI translations in stages, starting with high-resource languages, following internal testing of Camb.ai's technology on its original content [9] - The AI technology can deliver speech translation in up to 10 languages simultaneously with a latency of 20 to 30 seconds, which aligns with typical streaming delays [9] Financial Aspects - IMAX's AI deployment is expected to reduce translation costs, although specific figures were not disclosed [11] - Camb.ai raised $4 million in a seed round led by Courtside Ventures and is currently closing a larger pre-Series A round to expand its operations [11]

Dublin, Nov. 25, 2024 (GLOBE NEWSWIRE) -- The "Middle East Cinema Market Report Forecast By Revenue, Countries and Company Analysis" report has been added to ResearchAndMarkets.com's offering.Middle East Cinema Market will reach US$ 3.44 billion by 2033, up from US$ 1.66 billion in 2024, with a CAGR of 8.41% between 2025 and 2033 The Middle East's growing urban centers, youthful population, and rising disposable incomes are the main factors driving the region's film industry. Increased audience engagement ...

Core Viewpoint - Imax shares have experienced significant growth, with a 22.9% increase over the past month and a 67.7% rise since the beginning of the year, outperforming both the Zacks Consumer Discretionary sector and the Film and Television Production and Distribution industry [1][2]. Financial Performance - Imax has consistently exceeded earnings expectations, reporting an EPS of $0.35 against a consensus estimate of $0.22 in its latest earnings report on October 30, 2024, although it missed revenue estimates by 2.88% [2]. - For the current fiscal year, Imax is projected to achieve earnings of $1.10 per share on revenues of $379.09 million, reflecting a 17.02% increase in EPS and a 1.13% increase in revenues. The next fiscal year forecasts earnings of $1.24 per share on $415.91 million in revenues, indicating year-over-year changes of 12.6% and 9.71%, respectively [3]. Valuation Metrics - Imax's current valuation metrics show a trading multiple of 22.9X current fiscal year EPS estimates, slightly above the peer industry average of 22.5X. The trailing cash flow multiple stands at 14.3X compared to the peer group's average of 8.9X, and the PEG ratio is 1.14, suggesting it is not among the top value stocks [7]. - The stock has a Value Score of C, a Growth Score of B, and a Momentum Score of D, resulting in a combined VGM Score of B [6]. Zacks Rank - Imax holds a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts, indicating a positive outlook for the stock [8][9].

Dublin, Nov. 25, 2024 (GLOBE NEWSWIRE) -- The "Saudi Arabia Cinema Market Report Forecast By Revenue, Region and Company Analysis" report has been added to ResearchAndMarkets.com's offering.Saudi Arabia Cinema Market will reach US$ 1.29 billion by 2033, up from US$ 590.32 million in 2024, with a CAGR of 9.13% between 2025 and 2033 A youthful and tech-savvy populace, growing disposable incomes, more government funding for entertainment projects, and solid international alliances are major growth factors for ...

JPMorgan has unveiled his latest picks for short positions, flagging three stocks — IMAX Corp IMAX, ZIM Integrated Shipping Services Ltd ZIM, and H.B. Fuller Company FUL— as potential downside plays. Each faces unique headwinds, with challenging market dynamics and heightened financial strain.Here’s why these stocks are under the microscope for short-sellers.IMAX: The Big Screen, But Smaller Numbers?While IMAX has been a leader in high-end cinematic experiences, analyst David Karnovsky is cautious. Despite ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The Z ...

Have you been paying attention to shares of Imax (IMAX) ? Shares have been on the move with the stock up 27.8% over the past month. The stock hit a new 52-week high of $25.28 in the previous session. Imax has gained 64.7% since the start of the year compared to the 7.9% move for the Zacks Consumer Discretionary sector and the 9.7% return for the Zacks Film and Television Production and Distribution industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it ...

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IMAX Corporation (IMAX) reported third-quarter 2024 adjusted earnings of 35 cents per share, which beat the Zacks Consensus Estimate by a whopping 59% and remained flat year over year.Total revenues of $91.4 million missed the Zacks Consensus Estimate by 2.88% and decreased 12% year over year. Greater China is the Company’s largest market by revenues, with approximately 25% of overall revenues generated from its Greater China operations for the nine months ended Sept. 30, 2024. Greater China accounted for 2 ...

Imax (IMAX) reported $91.45 million in revenue for the quarter ended September 2024, representing a yearover-year decline of 12%. EPS of $0.35 for the same period compares to $0.35 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $94.16 million, representing a surprise of -2.88%. The company delivered an EPS surprise of +59.09%, with the consensus EPS estimate being $0.22. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...