Imax Slides 6% In Q1 Revenue Despite ‘Project Hail Mary’ Boom
Imax reported a 6% year-over-year revenue decline in Q1 2026, totaling $81.4 million, despite a strong performance from 'Project Hail Mary' in March. The drop was attributed to a lack of major theatrical releases in January and February, with films like 'Mercy' underperforming in the premium format. CEO Rich Gelfond is gradually returning to full duties after recovering from pneumonia, while CFO Natasha Fernandes reaffirmed guidance for a record $1.4 billion in global box office for the year.
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Home > Industry News > Business Imax Slides 6% In Q1 Revenue Despite ‘Project Hail Mary’ Boom A lack of major theatrical hits in January and February took their toll in the first quarter Jeremy Fuster April 30, 2026 @ 1:18 PM Share on Social Media Share on Facebook Share on X (formerly Twitter) Share on LinkedIn Share on Email Illustration courtesy of Chris Smith/TheWrap Though the Ryan Gosling sci-fi epic gave Imax a strong finish to the quarter, earlier films like “Mercy” and “Wuthering Heights” did not deliver tentpole-level grosses Revenue of $81.4 million tops Wall Street’s $80 million estimate Imax CEO Rich Gelfond is gradually resuming his duties after a pneumonia diagnosis earlier this year.
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