IMAX EBITDA Margins Seen Surpassing 50% by 2028, Wedbush Says

MT Newswires Live12-09

IMAX (IMAX) is projected to exceed 50% EBITDA margins by 2028, driven by high-quality filmed-for-IMAX titles, a broader global presence, and rising local-language and alternative content, Wedbush Securities said Monday in a report.

At its investor day, the company outlined a "clear, cogent growth strategy" for 2026, forecasting global box office on IMAX screens to rise 12% to $1.4 billion, ahead of estimates, Wedbush said.

System installations in 2026 are expected to rise 8% to 160 to 175 new locations, topping consensus, and IMAX forecast adjusted EBITDA margins in the mid-40% range, broadly in line with Wedbush's expectations and ahead of consensus, the report said.

Even with a flat broader global box office, IMAX revenue is expected to grow as the company expands its reach and strengthens its strategy around filmed-for-IMAX, alternative, and local-language releases, the report said.

Wedbush raised its price target on IMAX stock to $46 from $39 and kept its outperform rating.

IMAX shares rose 7.4% in recent Monday trading.

Price: 38.36, Change: +2.65, Percent Change: +7.42

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment