“ F1: The Movie ‘s” hot streak in theaters propelled Imax to record third quarter earnings. The racing drama used Imax’s cameras to film key action sequences and prominently featured the premium theater brand in its marketing materials. “F1” grossed $97 million worldwide on Imax screens, making it the company’s most successful release of the year so far.
Imax also got a lift from other summer and early fall hits such as anime breakout “ Demon Slayer: Infinity Castle ” and horror fare like “Weapons” and “The Conjuring: Last Rites.”
Revenue at Imax was up 17% year-over-year, topping out at $106.6 million. Net income at the company increased 48% to $22.6 million. Adjusted earnings per share ended up 47 cents, a 34% increase from the prior year period. Shares of Imax climbed more than 2%