Latest news with #cinema
Yahoo
2 hours ago
- Business
- Yahoo
IMAX (NYSE:IMAX) Beats Q2 Sales Targets
Premium cinema technology company IMAX (NYSE:IMAX) reported revenue ahead of Wall Street's expectations in Q2 CY2025, with sales up 3.1% year on year to $91.68 million. Its non-GAAP profit of $0.26 per share was 15.1% above analysts' consensus estimates. Is now the time to buy IMAX? Find out in our full research report. IMAX (IMAX) Q2 CY2025 Highlights: Revenue: $91.68 million vs analyst estimates of $90.79 million (3.1% year-on-year growth, 1% beat) Adjusted EPS: $0.26 vs analyst estimates of $0.23 (15.1% beat) Adjusted EBITDA: $39.06 million vs analyst estimates of $33.4 million (42.6% margin, 16.9% beat) Operating Margin: 15.6%, up from 3.2% in the same quarter last year Free Cash Flow Margin: 36.9%, up from 29.8% in the same quarter last year Market Capitalization: $1.56 billion 'IMAX delivered outstanding financial results in the Second Quarter as the key drivers of our business worked in concert, with strong network growth worldwide, record box office in North America, and impressive market share gains driven by more releases filmed with our technology than ever,' said Rich Gelfond, CEO of IMAX. Company Overview Originally developed for World Expo '67 in Montreal as an innovative projection system, IMAX (NYSE:IMAX) provides proprietary large-format cinema technology and systems that deliver immersive movie experiences with enhanced image quality and sound. Revenue Growth A company's long-term sales performance is one signal of its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. With $362.5 million in revenue over the past 12 months, IMAX is a small player in the business services space, which sometimes brings disadvantages compared to larger competitors benefiting from economies of scale and numerous distribution channels. On the bright side, it can grow faster because it has more room to expand. As you can see below, IMAX grew its sales at a solid 7.3% compounded annual growth rate over the last five years. This shows it had high demand, a useful starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within business services, a half-decade historical view may miss recent innovations or disruptive industry trends. IMAX's recent performance shows its demand has slowed as its annualized revenue growth of 1.5% over the last two years was below its five-year trend. This quarter, IMAX reported modest year-on-year revenue growth of 3.1% but beat Wall Street's estimates by 1%. Looking ahead, sell-side analysts expect revenue to grow 13.1% over the next 12 months, an improvement versus the last two years. This projection is healthy and implies its newer products and services will catalyze better top-line performance. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Operating Margin Operating margin is an important measure of profitability as it shows the portion of revenue left after accounting for all core expenses – everything from the cost of goods sold to advertising and wages. It's also useful for comparing profitability across companies with different levels of debt and tax rates because it excludes interest and taxes. IMAX was profitable over the last five years but held back by its large cost base. Its average operating margin of 5.8% was weak for a business services business. On the plus side, IMAX's operating margin rose by 47 percentage points over the last five years, as its sales growth gave it immense operating leverage. This quarter, IMAX generated an operating margin profit margin of 15.6%, up 12.4 percentage points year on year. This increase was a welcome development and shows it was more efficient. Earnings Per Share Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. IMAX's full-year EPS flipped from negative to positive over the last five years. This is a good sign and shows it's at an inflection point. Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business. IMAX's EPS grew at an astounding 34.3% compounded annual growth rate over the last two years, higher than its 1.5% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. We can take a deeper look into IMAX's earnings quality to better understand the drivers of its performance. IMAX's operating margin has expanded by 1.1 percentage points over the last two years. This was the most relevant factor (aside from the revenue impact) behind its higher earnings; interest expenses and taxes can also affect EPS but don't tell us as much about a company's fundamentals. In Q2, IMAX reported EPS at $0.26, up from $0.18 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects IMAX's full-year EPS of $1.01 to grow 27.3%. Key Takeaways from IMAX's Q2 Results We were impressed by how significantly IMAX blew past analysts' EPS expectations this quarter. We were also happy its revenue narrowly outperformed Wall Street's estimates. Zooming out, we think this was a good print with some key areas of upside. The stock traded up 1.4% to $29.45 immediately following the results. Sure, IMAX had a solid quarter, but if we look at the bigger picture, is this stock a buy? When making that decision, it's important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
BBC News
5 hours ago
- Business
- BBC News
World's tallest cinema could face closure
Cineworld have informed staff at its landmark Glasgow city centre site that the cinema could be at risk of closure. The cinema giant alerted employees by email that the owners of the Renfrew Street building planned to take back the property. In an email, signed by company bosses, they said if that were to happen "then it is likely that the cinema would be closed".Cineworld directors informed staff it was a situation outside their control but they wanted to them to know at the earliest possible stage. Cineworld told BBC Scotland: "We are aware of the landlord's intention to take back the site at Cineworld Glasgow Renfrew Street.""We have communicated to and are working closely with our employees that may be impacted. "At this stage, we do not have further information to share." Cineworld Renfrew Street The cinema, which opened in 2001, was built on the site of the famous Glasgow Apollo concert venue, which was demolished in the time it was said to be the world's tallest 200ft (62m) building has 13 floors and 18 movie screens, with seating for 4,300 is well known for its windows that stretch from the bottom floor to the top - showcasing a lift and its criss-crossing system of escalators. The cinema was built by the company UGC Cinema and opened in September 2001 but Cineworld took over all UGC's UK and Ireland operations in 2005. However, the fate of the cinema could now be at risk if building owners take back their property on Renfrew Street.
Yahoo
6 hours ago
- Entertainment
- Yahoo
'Happy Gilmore' original cast: Which actors from 1996 movie join Adam Sandler in 2025 sequel?
We are living in the age of getting unexpected sequels that nobody really asked for. Nearly 30 years after the first film premiered in theaters, though, fans finally get to watch "Happy Gilmore 2". With such a large gap between movies, it's tough for much of the same cast to reprise their roles, but that doesn't mean you won't see some familiar faces. While it wouldn't be crazy to think that the sequel followed Gilmore's son starting to play golf, they didn't go that route. Adam Sandler will be back in the titular role, dusting off his golf club and hockey stick putter and getting back on the links. While in the first movie he was playing to try to win money to pay for his grandmother's house, this time around, he will be looking to earn money for his daughter to attend a prestigious ballet school with an annual tuition of $75,000. With Sandler back in tow, he will be joined by many familiar faces, including some from the first movie. The trailer alone is full of stars, including Ben Stiller, Julie Bowen, Bad Bunny, wrestlers MJF and Becky Lynch and Chiefs tight end Travis Kelce. Considering just returning characters, however, there will be eight who appeared in the first movie that will also be in the second. Here is more on the actors who make their returns in "Happy Gilmore 2." MORE:Ranking the 14 greatest quotes from 'Happy Gilmore' 'Happy Gilmore' original cast members in 'Happy Gilmore 2' Adam Sandler: Happy Gilmore Christopher McDonald: Shooter McGavin Julie Bowen: Virginia Venit Ben Stiller: Hal L. Verne Lundquist: Himself Kevin Nealon: Gary Potter Lee Trevino: Himself Dennis Dugan: Doug Thompson Adam Sandler as Happy Gilmore Sandler will be back in his titular role. For those that need a refresher, Gilmore had dreams of being a professional hockey player. He had a wicked slapshot but couldn't get the agility of hockey down. He failed his tryouts and learned that his grandmother's house was being foreclosed on. Gilmore found his way to golf and vowed to earn the money he needed to buy his grandmother's house from the bank. He succeeded in an impressive duel against Shooter McGavin, played by Christopher McDonald. In the sequel, it has been 29 years since Gilmore won that golf tournament. He hasn't played golf in ages, but is wooed out of retirement because he needed to find a way to help pay for his daughter's tuition at a ballet school. MORE: Breaking down Happy Gilmore's iconic "step-up" swing, including USGA legality Christopher McDonald as Shooter McGavin Every great protagonist needs an antagonist. While you could argue that Gilmore has two between McGavin and putting, McGavin is the true antagonist up until the end. McDonald plays McGavin as a stuck-up member of the golf tour. He is highly accomplished and respects the purity and the history of golf. Gilmore represented a new-age craziness, wearing a Bruins sweater on the course and running up to hit his shots. Everything Gilmore does irks McGavin to the core, and he plots his demise throughout the movie. Gilmore succeeds, and the last we saw of McGavin in the first movie was his running off with Gilmore's gold jacket, which he should have earned for winning the tournament. He was chased by patrons at the course, and his screams are heard off-screen as they catch him. MORE: How to buy a replica of the Happy Gilmore hockey stick putter Julie Bowen as Virginia Venit Have you noticed that all of Sandler's love interests from around that time of the original's release have the same V initials repeating? There was Vicki Valencourt in "The Waterboy," Veronica Vaughn from "Billy Madison," Valerie Veran in "Little Nicky" and Vanessa in "Big Daddy." The "Happy Gilmore" iteration of this was Virginia Venit played by Julie Bowen. Venit was the PR director for the pro golf tour. She was responsible for ensuring that all golfers maintain a positive image in the public eye. She isn't impressed with Gilmore at first since he doesn't fit the stereotypical country club mold. Throughout the movie, however, she gets to know him on a more personal level and sees his caring side, as he is doing everything for his grandmother. Venit ends up getting closer with Gilmore, and the two are implied to be a couple by the end of the first movie. Ben Stiller as Hal L. When Gilmore's grandmother is evicted from her house, she has to move into an elderly living community. Whenever Gilmore is around, the manager of the facility, played by Ben Stiller, is always cordial and respectful. When Gilmore leaves, though, Hal L. becomes this dominant, rude and abusive manager who treats his facility more like a prison than a community. Verne Lundquist as himself Lundquist was a long-time sports announcer with CBS Sports. He did play-by-play for football, basketball and golf throughout his career. Lundquist's final call was at the 2024 Masters, where he signed off for the final time with, "It's my honor, my privilege." The iconic announcer was cast as himself in "Happy Gilmore," and was charged with being an announcer during Gilmore's performances on the courses. Half the time he couldn't believe the antics of the amateur golfer, but he still did get the chance to use his notable voice to provide some golf commentary. Lee Trevino as himself Lee Trevino kept finding himself in the wrong place at the wrong time with Happy Gilmore. If you remember some of Gilmore's worst moments, there would be someone standing off to the side shaking his head and looking disturbed at what they were watching. He got a line later in the movie as Shooter McGavin butchered yet another saying. That man is Trevino. While he seemed like a very minor character in the movie, he is actually regarded as one of the greatest golfers in history. Trevino turned professional in 1960 and picked up 92 wins over his career, with 29 of them coming on the PGA Tour. He won six golf majors in his career. His first was at the 1968 U.S. Open. Trevino added the 1971 U.S. Open, the 1971 British Open, the 1972 British Open, the 1974 PGA Championship and the 1984 PGA Championship. His last appearance in a golf major was at the 2000 British Open, where he missed the cut. Trevino is now 85 years old, but he still returns to "Happy Gilmore 2." Trevino was reportedly upset for a long time about the popularity of his character in the movie, as he disliked the amount of foul language and swearing. That didn't stop him from coming back for the sequel, though. When did the original 'Happy Gilmore' come out? "Happy Gilmore" was released in theaters on Feb. 16, 1996. With "Happy Gilmore 2" releasing on July 25 on Netflix, a nearly 29-and-a-half-year gap will exist between the movies' releases. There is some irony that the sequel is coming straight to Netflix seeing as the company itself was founded in 1997. Adam Sandler age in 'Happy Gilmore' vs. now Sandler had a string of comedy hits in the 1990s. He was impossible to miss, and riding the success of 1995's "Billy Madison," "Happy Gilmore" released in 1996 and led into "The Wedding Singer" and "The Waterboy" in 1998. When "Happy Gilmore" came out in 1996, Sandler was 29 years old. At the time of the "Happy Gilmore 2" release, he was 58 years old. Is Chubbs in 'Happy Gilmore 2'? The character Chubbs Peterson was a golf instructor in "Happy Gilmore." He took Gilmore under his wing and tried to teach him a short game. In the movie, Chubbs dies after Gilmore gifts him the alligator's head that bit off his hand. The shock caused him to fall out of a window. The character's son is in "Happy Gilmore 2," though. The actor who played Chubbs was Carl Weathers. He is known for his role as Apollo Creed in the first four "Rocky" films. Weathers passed away when he was 76 years old, and the cause of death was believed to be atherosclerotic cardiovascular disease. When did Bob Barker die? Barker's cameo was legendary in "Happy Gilmore." He played himself, as a celebrity partner for Gilmore, who was enduring a rough stretch of his golf career. Barker gets annoyed by Gilmore's struggles, and Gilmore snaps. The two exchange blows and Gilmore ended up in the hospital. Barker died on Aug. 26, 2023 at the age of 99. He was four months shy of his 100th birthday. What happened to Grandma from 'Happy Gilmore?' Gilmore's grandmother was played by Frances Bay. At the end of the first movie, we see Gilmore win the golf tournament, and the ensuing payday helps him buy back his grandmother's house that his grandfather had built. While Bay's character made it to the end of the movie, she will only be in the sequel through flashbacks or a re-cast. Bay passed away on Sept. 15, 2011 when she was 92 years old. What happened to Mr. Larson from 'Happy Gilmore?' You may not recognize the name at first, but when I tell you that he is 7-foot-2, that may jog your memory. Mr. Larson, played by Richard Kiel, was Gilmore's former employer. He notably has a nail in his head but has no hard feelings against Gilmore. Instead, he sets his sights on McGavin. Mr. Larson chases down McGavin at the end of the movie when he steals Gilmore's gold jacket. He also bends McGavin's nine-iron into a horseshoe shape. McGavin later had to hit off of Mr. Larson's foot. You may recognize Kiel as he famously played the villain "JAWS" in the James Bond movies. What happened to Donald from 'Happy Gilmore'? Joe Flaherty doesn't even get a name for his character on the "Happy Gilmore" IMDB page. It just reads, "Jeering Fan." You may recall that McGavin hired a fan to throw Gilmore off his game. The fan would taunt him and would often call him a "jackass." That was Donald. He also hit Gilmore with his car. Flaherty developed an illness in 2024, that he couldn't overcome. He passed on April 1, 2024 in Toronto.
Yahoo
a day ago
- Entertainment
- Yahoo
Luca Guadagnino's 'After the Hunt' to open New York Film Festival
NEW YORK (AP) — Luca Guadagnino's 'After the Hunt' will open the 63rd New York Film Festival, Film at Lincoln Center announced Wednesday. 'After the Hunt' will first premiere at the Venice Film Festival, but on Sept. 26, it will kick off the New York Film Festival. An Amazon MGM Studios release due out this fall, it stars Julia Roberts as a Yale philosophy professor whose comfortable life is tested after her protege (Ayo Edebiri) accuses the professor's longtime colleague (Andrew Garfield) of sexual assault. Dennis Lim, artistic director of the festival, said Guadagnino's film 'confirms his status as one of the most versatile risk-takers working today.' 'Brilliantly acted and crafted, 'After the Hunt' is something rare in contemporary cinema: a complex, grown-up movie with a lot on its mind that also happens to be a deeply satisfying piece of entertainment,' Lim said in a statement. Guadagnino will return to the festival that last year hosted his William S. Burroughs adaptation 'Queer,' and that also selected his 2017 film 'Call Me by Your Name.' 'I have always found the New York Film Festival to be an arbiter of global cinema,' said Guadagnino. 'For over 60 years it has been a festival that makes audiences open their minds and hearts to the most daring and compelling global cinema from both established and emerging filmmakers.' The New York Film Festival runs Sept. 26 through Oct. 13.
The Independent
a day ago
- Entertainment
- The Independent
Luca Guadagnino's 'After the Hunt' to open New York Film Festival
Luca Guadagnino 's 'After the Hunt' will open the 63rd New York Film Festival, Film at Lincoln Center announced Wednesday. 'After the Hunt' will first premiere at the Venice Film Festival, but on Sept. 26, it will kick off the New York Film Festival. An Amazon MGM Studios release due out this fall, it stars Julia Roberts as a Yale philosophy professor whose comfortable life is tested after her protege (Ayo Edebiri) accuses the professor's longtime colleague (Andrew Garfield) of sexual assault. Dennis Lim, artistic director of the festival, said Guadagnino's film 'confirms his status as one of the most versatile risk-takers working today.' 'Brilliantly acted and crafted, 'After the Hunt' is something rare in contemporary cinema: a complex, grown-up movie with a lot on its mind that also happens to be a deeply satisfying piece of entertainment,' Lim said in a statement. Guadagnino will return to the festival that last year hosted his William S. Burroughs adaptation 'Queer,' and that also selected his 2017 film 'Call Me by Your Name.' 'I have always found the New York Film Festival to be an arbiter of global cinema,' said Guadagnino. 'For over 60 years it has been a festival that makes audiences open their minds and hearts to the most daring and compelling global cinema from both established and emerging filmmakers.' The New York Film Festival runs Sept. 26 through Oct. 13.
