Imax revealed its first-quarter financial results on Thursday, with overall revenue and net income declining after the film technology company set a 2025 global box office record last year with the Chinese film. Ni Cha 2 And expand the global theater network even stronger.
Total revenue for the three months to March 31, 2026 at the cinema technologies company was $81.4 million, down from $86.7 million a year earlier, due to lower revenues in China. IMAX achieved a net income of $6.1 million, compared to $8.2 million in the same period in 2025.
Adjusted net income per share in the first quarter was 17 cents, compared to 13 cents in the same period last year. Imax continues to navigate the post-pandemic box office rebound for Hollywood studios, the company’s major film suppliers, by offering premium on-demand screen for major exhibitors and films shot on Imax’s own cameras.
Technology products and services revenue, or revenue from the sale, rental and maintenance of Imax’s network of theater systems, decreased 4 percent to $48.3 million, compared to $50.6 million the previous year. During the last quarter, IMAX installed 19 theater systems, compared to 21 theater systems, in the same period last year.
Content Solutions revenue — or business generated from agreements with major studios and filmmakers — was $31.4 million, down 8 percent from the previous year’s $34.2 million. This is partly due to lower box office revenues in China after the record Chinese New Year in 2025.
Imax CFO Natasha Fernandes during a post-market analyst call predicted that China’s box office in 2026 would be “more evenly spread throughout the year,” compared to last year when the Chinese title Ni Cha 2 He dominated the first quarter period. It added upcoming Hollywood titles like Christopher Nolan Odyssey and Sand dunes 3 It is expected to do well in China alongside local language titles in a more balanced release slate this year.
The best Imax releases during the first quarter are included Avatar: Fire and Ashes, Hail Mary Project, Pegasus 3 and Screaming 7. The first quarter’s global box office fell 13 percent year over year to $260 million.
Imax projects a record $1.4 billion in global box office and 160 to 175 theater system installations for all of 2026. During the analyst call, Imax CEO Richard Gelfond provided a health update after taking temporary medical leave to undergo treatment for pneumonia.
“I am pleased to share that I am making excellent progress, that I am gradually resuming oversight of the business and participating in all key strategic decisions,” Gelfond said before handing the call over to CFO Fernandez.
Imax’s CFO was asked about any impact so far of the US-Israel conflict with Iran on the film technologies business, which has about 35 giant screens in the Middle East. “We have not witnessed anything significant that would affect our plans for this year,” Fernandez reported.
She was also asked to comment on Walt Disney’s unveiling of Infinity Vision, a new certification for premium large format (PLF) theatres, starting with Marvel Studios’ re-release in September. Avengers: Endgamefollowed by a December release from Marvel Studios avengers: doomsday, While Imax is closed Sand dunes 3 For three exclusive weeks in front of major holidays.
“From our perspective, we feel it’s a marketing play to try to make up the face of not having an Imax platform or branding for it avengers: doomsday,Fernandez argued. She added that Marvel fans are “among the smartest, most discerning moviegoers out there.” There’s a reason we’re the undisputed leader in premium cinema worldwide.
