Hollywood’s ongoing box office rebound continues to benefit Imax, as reflected in the company’s second-quarter financial results released on Thursday.

Imax reported revenue of $91.7 million for the quarter, a 3% increase from $89 million in the same period last year. Net income surged 139% to $12 million, compared to $5.1 million a year earlier. Adjusted earnings per share came in at 26 cents, up from 18 cents in the prior year’s quarter.

The second quarter of 2024 also included the sale of IMAX’s original documentary ‘The Blue Angels.’ The company saw strong box office performance during the quarter with titles such as ‘F1: The Movie,’ Ryan Coogler’s ‘Sinners,’ and ‘Mission: Impossible – The Final Reckoning.’ All three films were shot using IMAX cameras to maximize the large-format cinematic experience.

“Imax delivered outstanding financial results in the second quarter as the key drivers of our business worked in concert, with strong network growth worldwide, record box office in North America and impressive market share gains driven by more releases filmed with our technology than ever,” said IMAX CEO Rich Gelfond in a statement released ahead of the company’s analyst call. Gelfond also noted that the third quarter has had a “very strong start.”

In Q2, Imax achieved its highest-ever quarterly box office total in North America, generating $143 million. Globally, the company posted $281 million in box office receipts during the period.

Looking ahead, Imax projects that its global box office will hit a record $1.2 billion in 2025.

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