Apr 30, 2026 1:45pm PT

Imax Q1 Revenue and Profit Decline Despite Hits Like ‘Avatar: Fire and Ash’ and ‘Project Hail Mary’

Rebecca Rubin

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Rebecca Rubin

Senior Film and Media Reporter

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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. But those visually striking tentpoles weren’t enough to boost the company’s profits and revenues, both of which were down during the first quarter of 2026.

Imax logged $81 million for the three-month period ending in March, down 6.5% from the $86.7 million reported in the same quarter a year ago. The big-screen company reported a net income of $6.2 million, down 26% from the $8.2 million delivered in Q1 in 2025. Meanwhile, adjusted earnings-per-share rose to 17 cents, up from the per-share loss of 13 cents in the same year-ago period. These earnings were enough to beat Wall Street expectations; analysts on average expected $79.9 million in Q1 revenue and adjusted earnings of 15 cents per share.

Imax Q1 Revenue and Profit Decline Despite Hits Like 'Avatar: Fire and Ash' and 'Project Hail Mary'