IMAX (IMAX) shares surged on expectations of a record-setting 2025 after the company’s third quarter. Results showed earnings growth despite revenue falling short of tough "Oppenheimer" comps. IMAX CEO Richard Gelfond joins Catalysts Hosts Julie Hyman and Brad Smith to discuss the results and what’s next for the company. The CEO tells Yahoo Finance, “2025 looks very much like an inflection year. As part of our earnings call, we gave guidance out about $1.2 billion in box office, and things are going extremely well. Coming off of last year with ‘Oppenheimer’ and earlier this year with ‘Dune’ (Part Two), IMAX is just something people seek out to do something special. And premium is over-indexing, and that’s showing itself in growth in a lot of areas.” Gelfond dismisses any worries about IMAX’s year-over-year revenue decline, saying “I don’t think it’s particularly meaningful because it’s just last year was so great. It fell a little short of that, but it was still a very good quarter.” For more on what’s next for the company, including director Christopher Nolan using IMAX cameras in a project and IMAX’s business in the China region, watch the video above.
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