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IMAX Corporation

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IMAX's third-quarter 2018 earnings surged year over year primarily due to efficient cost management and increased box office collection in Greater China driven by the release of blockbuster Hollywood and Chinese language titles. Moreover, increasing focus on releasing Chinese content in smaller cities boosted local box office revenues. Further, management is in talks with key streaming players to create strategic collaborations, which is a positive. However, significant exposure to China, its second largest revenue generating market, is a concern, due to anticipated regulations. Moreover, increasing losses from investments in new business do not bode well. Its shares have underperformed the industry on a year-to-date basis.


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