Imax set new third quarter records on the strength of two tentpoles that played to the format’s strengths: the Brad Pitt racing drama “F1: The Movie” and the anime event “Demon Slayer: Infinity Castle.” The large-format exhibitor reported $106.7 million in revenue for the three months ended Sept. 30, with global box office through Imax screens reaching $368 million, up roughly 50% from a year earlier.
Adjusted earnings were $0.47 per share. Management credited a programming mix that leaned into premium spectacle and turnout for local-language releases across Asia. “We strategically programmed our network to deliver our best third quarter in history and emphatically demonstrated our differentiation,” CEO Rich Gelfond said.
“F1” continued its summer run as Imax’s top Hollywood title of 2025, while “Infinity Castle” extended the strong theatrical momentum of the “Demon Slayer” franchise. Both films cleared $60 million on Imax screens worldwide, underscoring how action-forward filmmaking and format-specific capture can lift premium ticket sales. Imax said local-language titles have generated a record $343 million at the company’s box office so far this year, highlighting a strategy that reduces reliance on any single studio slate and taps growth in Japan, China and Southeast Asia.
The results arrive as broader domestic grosses cooled in late summer, yet Imax outperformed with double-digit box office gains in North America and faster growth internationally. The company reiterated its focus on eventized releases and alternative content, while pointing to a robust late-year schedule that includes continued play for “Infinity Castle,” expanding rollouts in additional territories, and pipeline titles shot or finished for large format. Executives also emphasized that the quarter benefited from an uptick in repeat attendance on select titles, with premium screens capturing a higher share of their totals than conventional auditoriums.
Analysts noted that results beat profit expectations even as reported revenue landed near forecasts, reflecting improved margins from a heavier blockbuster mix and stable installation activity. Management’s commentary framed the quarter as evidence that premium exhibition can grow even when standard screens slow, provided the slate offers distinct value—either via native large-format capture, high frame-rate sequences, or fan-driven franchises that reward theatrical scale.
