Imax Q4 Revenue Dips, CEO Touts Strong Full-Year 2023 At North American Box Office, Growing Global Footprint

Imax saw sales dip in the fourth quarter to $86 million from $98 million, in line with Wall Street forecasts, as the company focused on the full year and its accelerated global expansion. The stock in up in after-market trading. Adjusted ebitda (earnings before interest, taxes, depreciation and amortization)was $23 million (also down from the year ago), and EPS was flat at 5 cents a share, also in line.   The fourth quarter was hit by big ticket films moving out of 2023. Oppenheimer, which came out over th ...