IMAX stock rises after its largest-format film debuts with a $52 million first-weekend haul, boosting Q2 earnings momentum.
IMAX stock climbed Thursday after the company reported stronger Q2 earnings, driven by a record $52 million opening weekend for Christopher Nolan’s *The Odyssey*. The film, the first shot in IMAX’s highest-resolution format, marked the largest debut for the immersive theater chain.
The $52 million haul surpassed prior IMAX-exclusive openings and exceeded analyst expectations for the quarter. The surge follows a string of blockbuster releases that have bolstered theater revenues amid a competitive summer box office.
Shares of IMAX rose in pre-market trading, reflecting investor optimism about the company’s premium format strategy and earnings growth.