Wall Street thinks IMAX is ripe for a sale. Here's who could buy it
IMAX has seen significant growth in box office revenue, generating a record $1.28 billion last year. Despite this success, its stock valuation has not returned to pre-pandemic levels, prompting speculation about potential buyers. The company is diversifying its content and expanding its international presence, which may contribute to future growth.
- ▪IMAX generated a record $1.28 billion at the global box office last year, a 40% increase over 2024.
- ▪The company is projected to have revenue of $448 million in 2026, higher than its 2019 earnings.
- ▪IMAX is diversifying its content by partnering with countries like China, Japan, and South Korea to screen local language films.
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Last year, IMAX generated a record $1.28 billion at the global box office, a more than 40% increase over 2024 and 13% higher than its previous record set in 2019. Wold is projecting revenue of $448 million in 2026, higher than the $396 million the company collected in 2019. Additionally, he expects adjusted profit to reach $197 million, up from $149 million in 2019.However, while IMAX is outperforming its 2019 metrics, its valuation has not returned to pre-pandemic levels, Wold noted. He reiterated that his price target for the company is $53 a share.
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