IMAX shares closed nearly 7% higher on Monday after the company reported its highest-grossing month ever, driven by Christopher Nolan's The Odyssey. IMAX's July box-office revenue reached $257 million, a 47% increase over the previous monthly record, with The Odyssey contributing $221 million in IMAX ticket sales. The film also became the fastest IMAX release to surpass $200 million in ticket sales, achieving the milestone in its third weekend. CEO Rich Gelfond said the film's trajectory continues to defy expectations. Additionally, IMAX announced that Spider-Man: Brand New Day will begin playing on its screens on Thursday, following strong openings in China, South Korea, and Japan.
Imax CorpRecord July box office driven by The Odyssey and upcoming Spider-Man release boost IMAX's revenue.
IMAX China Holding IncIMAX China benefits from strong openings of Spider-Man in China and record global box office.