Superman soars to $30.4 million global IMAX debut

NEW YORK - IMAX Corporation (NYSE:IMAX), the $1.43 billion market cap entertainment technology company, reported that Warner Bros./DC Studios’ "Superman" generated $30.4 million globally in IMAX theaters during its opening weekend, according to a company press release. According to InvestingPro data, IMAX has demonstrated strong momentum with a 54.59% return over the past year.

The film delivered $19.1 million in North America, representing 15.6% of the domestic debut on just over 400 IMAX screens. This marks the highest IMAX market share ever for a film opening above $100 million domestically. Internationally, "Superman" added another $11.3 million in IMAX box office revenue. The company maintains a healthy financial position with a current ratio of 3.94, indicating strong liquidity to support its operations.

"Superman" is a Filmed for IMAX release shot with IMAX-certified digital cameras and features scenes in IMAX-exclusive expanded aspect ratio. It represents the seventh consecutive Filmed for IMAX release where IMAX has captured at least 10% of the North American opening weekend box office.

"Superman makes excellent use of IMAX technology to deliver the scale and spectacle audiences expect from this iconic hero," said Rich Gelfond, CEO of IMAX, in the press release.

The film follows IMAX’s performance with "F1: The Movie," which has grossed $73 million on IMAX screens to date, accounting for 18.5% of that film’s global total.

"Superman" will continue playing in the IMAX global network next week before Disney/Marvel’s "Fantastic Four: The First Steps" debuts on July 25, marking the eighth consecutive Filmed for IMAX release this summer.

As of March 31, 2025, IMAX operated 1,810 systems across 89 countries and territories. With the company’s next earnings report scheduled for July 24, investors can access comprehensive analysis and 12 additional exclusive insights through InvestingPro’s detailed research reports, which transform complex financial data into actionable intelligence.

In other recent news, IMAX Corporation announced an increase of $100 million to its share repurchase program, extending it through June 30, 2027, bringing the total authorization to $500 million. Approximately $250 million remains available for repurchase, highlighting IMAX’s commitment to returning value to shareholders. Meanwhile, Texas Capital Securities reaffirmed its Buy rating and $36 price target for IMAX following first-quarter earnings that surpassed expectations, emphasizing the company’s growth trajectory and robust demand for new screen installations.

Additionally, B.Riley initiated coverage on IMAX with a Buy rating and a $36 price target, citing strong box office performance in China and increased system installations as key factors. The firm raised its Adjusted EBITDA estimates for 2025 and 2026, supported by a compelling movie slate and growing demand for premium large-format experiences. Benchmark also maintained a Buy rating with a $30 price target, noting IMAX’s strong Q2 box office performance and unique position in premium cinema.

These developments reflect a positive outlook from analysts, with both B.Riley and Texas Capital Securities projecting strong growth and profitability. The expansion of the share repurchase program and analyst confidence underscore IMAX’s strategic initiatives and market potential.

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