IMAX Stock Climbs After "the Odyssey" Breaks Opening Weekend Record

Dow Jones

Jul 23

Shares of IMAX jumped after the company said the opening weekend for Christopher Nolan's "The Odyssey" broke a box office record for a film shot entirely with the company's cameras.

The stock was up 6.5% at $41.85 in premarket trading. Shares had gained 6.3% year-to-date when the market closed Wednesday.

IMAX said before the opening bell that Nolan's epic delivered 20% of the global box office during its opening weekend and pulled in an all-time high of $52 million globally from IMAX screens alone.

Based on ticket reservations, the film is on track for a historic IMAX run, the company said.

It just hit its highest-grossing Monday and Tuesday ever and has about $60 million in presales for future showings.

The company also posted second-quarter earnings of $15.4 million, or 27 cents a share, compared with $11.3 million, or 20 cents a share, in the same quarter a year earlier.

Stripping out one-time items, adjusted earnings were 43 cents a share. Analysts polled by FactSet had been expecting 28 cents a share.

Quarterly revenue climbed 12% to $102.8 million, beating forecasts for $94.7 million.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

July 23, 2026 08:36 ET (12:36 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Shares had gained 6.3% year-to-date when the market closed Wednesday. \n\n\n  IMAX said before the opening bell that Nolan's epic delivered 20% of the global box office during its opening weekend and pulled in an all-time high of $52 million globally from IMAX screens alone. \n\n\n  Based on ticket reservations, the film is on track for a historic IMAX run, the company said. \n\n\n  It just hit its highest-grossing Monday and Tuesday ever and has about $60 million in presales for future showings. \n\n\n  The company also posted second-quarter earnings of $15.4 million, or 27 cents a share, compared with $11.3 million, or 20 cents a share, in the same quarter a year earlier. \n\n\n  Stripping out one-time items, adjusted earnings were 43 cents a share. Analysts polled by FactSet had been expecting 28 cents a share. \n\n\n  Quarterly revenue climbed 12% to $102.8 million, beating forecasts for $94.7 million. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 23, 2026 08:36 ET (12:36 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}