Imax Q1 Revenue and Profit Decline Despite Hits Like ‘Avatar: Fire and Ash’ and ‘Project Hail Mary’
Imax reported a decline in first-quarter 2026 revenue and net income despite strong performances from films like 'Avatar: Fire and Ash' and 'Project Hail Mary'. Revenue fell 6.5% year-over-year to $81 million, while net income dropped 26% to $6.2 million, though adjusted earnings surpassed Wall Street expectations. The company remains optimistic, citing upcoming major releases and a projected record $1.4 billion in annual revenue for 2026.
- ▪Imax's Q1 2026 revenue was $81 million, down 6.5% from $86.7 million in the same period in 2025.
- ▪Net income for the quarter was $6.2 million, a 26% decrease from $8.2 million in Q1 2025.
- ▪Adjusted earnings-per-share were 17 cents, up from a 13-cent loss per share in the year-ago quarter.
- ▪‘Project Hail Mary’ earned $92 million globally on Imax screens, accounting for 18% of its total box office.
- ▪Imax CEO Rich Gelfond is gradually returning to duties following a medical leave due to pneumonia.
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Home Film News Apr 30, 2026 1:45pm PT Imax Q1 Revenue and Profit Decline Despite Hits Like ‘Avatar: Fire and Ash’ and ‘Project Hail Mary’ By Rebecca Rubin Plus Icon Rebecca Rubin Senior Film and Media Reporter rebeccaarubin Latest Alden Ehrenreich and Patrick Ball’s Broadway Bromance: ‘Becky Shaw’ Stars on Playing Dicks, Paying Off Student Loans and More 7 hours ago Rachel Zegler’s ‘Evita’ Revival Sets Broadway Run 1 day ago Box Office: ‘Devil Wears Prada 2’ Poised for Massive Debut Above $80 Million Domestically, $180 Million Globally 1 day ago See All ©MGM/Courtesy Everett Collection James Cameron’s otherworldly blockbuster “Avatar: Fire and Ash” and the Ryan Gosling-led space epic “Project Hail Mary” resulted in big business for Imax.
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