Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as recommendations or advice for any financial actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to perform their own research [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - Users are encouraged to understand these instruments fully before engaging in any trading activities [1]. - The website disclaims any responsibility for trading losses incurred as a result of using the information provided [1].

The Zacks Film and Television Production and Distribution industry is witnessing a surge in demand for digital entertainment due to operational constraints faced by movie theaters, theme parks and cruise lines. This increased consumption of online media, music and news, driven by the work-and-learn-from-home trend, has been a boon for industry players like Warner Music Group (WMG) , News Corporation (NWSA) , Lions Gate Entertainment (LGF.A) and IMAX Corporation (IMAX) . However, as more players enter the fi ...

Core Viewpoint - IMAX Corporation reported mixed financial results for Q3 2024, with adjusted earnings beating estimates but revenues declining due to a box office slump, raising questions about future performance leading up to the next earnings release [2][21]. Financial Performance - Adjusted earnings for Q3 2024 were 35 cents per share, exceeding the Zacks Consensus Estimate by 59% and remaining flat year over year [2]. - Total revenues amounted to $91.4 million, missing estimates by 2.88% and decreasing 12% year over year [2]. Market Performance - Greater China remains the largest market for IMAX, contributing approximately 25% of overall revenues, but revenues from this region fell 24.6% year over year to $21.3 million [3]. - IMAX's box office generated $239.5 million in Q3 2024, a decrease of 31% from $347.1 million in the same period last year, attributed to a less favorable content mix [7]. Revenue Breakdown - Category-wise, revenues from image enhancement and maintenance services, technology rentals, and finance income decreased by 22.2%, 29.9%, and 9.8% year over year, while technology sales revenues increased by 44% to $26.3 million [4]. - Segment-wise, Content Solutions revenues fell 31.9% to $30.12 million, while Technology Products and Services revenues rose 3.2% to $57.9 million [5]. Operating Metrics - Gross margin contracted by 460 basis points to 55.8%, with specific declines in Content Solutions and Technology Products and Services gross margins [13]. - Adjusted EBITDA was $35.5 million, reflecting a year-over-year increase of 21.1% [14]. Cash Flow and Liquidity - Net cash provided by operating activities for the year-to-date September 2024 was $59 million, up from $55 million in the prior year [16]. - As of September 30, 2024, available liquidity was $413 million, including cash and cash equivalents of $105 million [17]. Future Guidance - IMAX expects full-year 2024 global box office to be similar to 2023, with plans to install 130-150 systems and anticipates high-single-digit revenue growth for 2025 [21].

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style ...

Industry Overview - The entertainment and media industry grew 5% to $2.8 trillion in 2023 and is projected to reach $3.4 trillion over the next five years at a compound annual growth rate of nearly 4% [2] - Non-English language content is experiencing rapid growth even in traditionally English-speaking markets, with Netflix reporting a 90% increase in viewership of non-English content in the U.K. over the last three years [2] Company Initiatives - IMAX is leveraging AI to enhance localization of its original content in response to the rising demand for non-English content [1][3] - IMAX has partnered with Dubai-based startup Camb.ai to utilize its AI speech models for translating original content, including documentaries [3] Camb.ai Technology - Camb.ai has developed AI dubbing and speech translation technologies that have been successfully used in live sports events and leagues [4] - The company offers its Boli model for speech-to-text translation and Mars for speech emulation, supporting 140 languages, including low-resource languages [4] AI Deployment and Strategy - IMAX plans to roll out AI translations in stages, starting with high-resource languages, following internal testing of Camb.ai's technology on its original content [9] - The AI technology can deliver speech translation in up to 10 languages simultaneously with a latency of 20 to 30 seconds, which aligns with typical streaming delays [9] Financial Aspects - IMAX's AI deployment is expected to reduce translation costs, although specific figures were not disclosed [11] - Camb.ai raised $4 million in a seed round led by Courtside Ventures and is currently closing a larger pre-Series A round to expand its operations [11]

Dublin, Nov. 25, 2024 (GLOBE NEWSWIRE) -- The "Middle East Cinema Market Report Forecast By Revenue, Countries and Company Analysis" report has been added to ResearchAndMarkets.com's offering.Middle East Cinema Market will reach US$ 3.44 billion by 2033, up from US$ 1.66 billion in 2024, with a CAGR of 8.41% between 2025 and 2033 The Middle East's growing urban centers, youthful population, and rising disposable incomes are the main factors driving the region's film industry. Increased audience engagement ...

Core Viewpoint - Imax shares have experienced significant growth, with a 22.9% increase over the past month and a 67.7% rise since the beginning of the year, outperforming both the Zacks Consumer Discretionary sector and the Film and Television Production and Distribution industry [1][2]. Financial Performance - Imax has consistently exceeded earnings expectations, reporting an EPS of $0.35 against a consensus estimate of $0.22 in its latest earnings report on October 30, 2024, although it missed revenue estimates by 2.88% [2]. - For the current fiscal year, Imax is projected to achieve earnings of $1.10 per share on revenues of $379.09 million, reflecting a 17.02% increase in EPS and a 1.13% increase in revenues. The next fiscal year forecasts earnings of $1.24 per share on $415.91 million in revenues, indicating year-over-year changes of 12.6% and 9.71%, respectively [3]. Valuation Metrics - Imax's current valuation metrics show a trading multiple of 22.9X current fiscal year EPS estimates, slightly above the peer industry average of 22.5X. The trailing cash flow multiple stands at 14.3X compared to the peer group's average of 8.9X, and the PEG ratio is 1.14, suggesting it is not among the top value stocks [7]. - The stock has a Value Score of C, a Growth Score of B, and a Momentum Score of D, resulting in a combined VGM Score of B [6]. Zacks Rank - Imax holds a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts, indicating a positive outlook for the stock [8][9].

Dublin, Nov. 25, 2024 (GLOBE NEWSWIRE) -- The "Saudi Arabia Cinema Market Report Forecast By Revenue, Region and Company Analysis" report has been added to ResearchAndMarkets.com's offering.Saudi Arabia Cinema Market will reach US$ 1.29 billion by 2033, up from US$ 590.32 million in 2024, with a CAGR of 9.13% between 2025 and 2033 A youthful and tech-savvy populace, growing disposable incomes, more government funding for entertainment projects, and solid international alliances are major growth factors for ...

JPMorgan has unveiled his latest picks for short positions, flagging three stocks — IMAX Corp IMAX, ZIM Integrated Shipping Services Ltd ZIM, and H.B. Fuller Company FUL— as potential downside plays. Each faces unique headwinds, with challenging market dynamics and heightened financial strain.Here’s why these stocks are under the microscope for short-sellers.IMAX: The Big Screen, But Smaller Numbers?While IMAX has been a leader in high-end cinematic experiences, analyst David Karnovsky is cautious. Despite ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The Z ...