Imax First Quarter Revenues Rise on Asian Box Office Recovery

The company, led by CEO Richard Gelfond, reduced its loss attributable to shareholders to $14.8 million, compared with a loss of $49.4 million last year when Imax was hit hard by movie theater closures during the novel coronavirus pandemic.

Despite the hit to North American movie theaters from the COVID-19 crisis with theater closures and capacity restrictions, Imax has seen strong box office performance for local titles, mainly in China, Korea and Japan as the Asian market reopened. Imax posted an adjusted loss per share of 25 cents, compared with a loss of 48 cents per share in 2020. Analysts had forecast a per-share loss of 26 cents.

Quarterly revenue came in at $38.8 million, against $34.9 million a year earlier when all Imax screens in China were closed. Imax said it posted $110 million in global box office, it's first year-over-year quarterly box office growth during the pandemic era. During the first quarter, Imax said it experienced a strong Chinese New Year period and screened the Japanese box office hits"The last year has brought the strong, unique market position of Imax into sharp focus.

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him smithjohan43 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️

🙏🏾 I'll take any good news for movie theaters!

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New report finds 169 percent surge in anti-Asian hate crimes during the first quarterNew York City had the sharpest increase, with a 223 percent hike, according to the compilation. They make this sound high, but anti-Asian violence is among our lowest on fbi table 1...
Source: NBCNews - 🏆 10. / 86 Read more »

10 Fashion Brands That Are Asian, Asian American And Pacific Islander-Founded And OwnedAsian American and Pacific Islander Heritage Month is recognized in May. Here are brands and retailers that were founded by incredible members of the Asian American and Pacific Islander community: ForbesFinds
Source: Forbes - 🏆 394. / 53 Read more »

21 Book, TV, Film And Podcast Suggestions For Asian Americans, By Asian AmericansFor Asian Pacific American Heritage Month, we asked for recommendations of what to read or watch to connect with AAPI community and culture.
Source: HuffPostWomen - 🏆 27. / 68 Read more »

2 Asian Women Stabbed In San Francisco Amid Rise In Anti-Asian ViolenceAttacks on Asian Americans have spiked in the California Bay Area and nationwide since last year.
Source: HuffPostWomen - 🏆 27. / 68 Read more »