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IMAX® IMAX Corporation Reports Second Quarter 2021 Results July 27 , 2021 HIGHLIGHTS - IMAX delivered strong year - over - year growth in Total Revenue and Global Box Office , driven by the initial return of Hollywood blockbuster releases and a significant rebound in the domestic box office - The Company continued to improve its operating results , reporting its best Gross Margin of the pandemic era , and third consecutive quarter of positive EBITDA as the recovery of the global film industry gains momentum - The IMAX Global Network is now 90 % open - the highest level since the onset of the pandemic - with capacity limitations continuing to ease in many key markets worldwide - IMAX expects to benefit from the robust Hollywood film slate , with major tentpole releases scheduled to arrive in theaters at least every two weeks beginning early September NEW YORK , July 27 , 2021 / PRNewswire / - -- IMAX Corporation ( NYSE : IMAX ) today reported financial results for the second quarter of 2021 , including significant improvement in operating results and year - over - year growth in total revenue and global box office ― demonstrating strong demand forThe IMAX ExperienceⓇ as theaters continue to reopen around the world . IMAX 02 FINANCIAL RESULTS 2021 GROSS MARGIN $ 25.6M / 50.2 % MAX pandemic - era best REVENUE + 475 % Over 02 2020 EBITDA $ 8.7M 3rd straight quarter of positive EBITDA Global Box Office $ 109M 66 Second consecutive quarter of + $ 100 GBO " IMAX is helping to lead the global recovery of the film industry and is uniquely positioned to benefit Immediately as cinemas reopen the Hollywood blockbuster film slate restarts , and audiences return to theaters worldwide " Operational Highlights Top Grossing IMAX Releases in Q2 December 20 One on Office for IMAX IMAX 24 $ 30 " IMAX is helping to lead the global recovery of the film industry and is uniquely positioned to benefit immediately as cinemas reopen , the Hollywood blockbuster film slate restarts , and audiences return to theaters worldwide , " said Richard L. Gelfond , CEO of IMAX Corporation . " We continue to demonstrate that an IMAX release is a window unto itself , proven to draw moviegoers to the theaters , drive premium revenue , and launch event films into the ecosystem . " " IMAX delivered continued progress in operating results , demonstrating growing momentum for the Company . Thanks to our asset - lite model , we capitalized on strong year - over - year growth in revenue and global box office to achieve another quarter of improved profitability . " " Most encouragingly , the domestic box office is showing the same signs of pent - up demand for moviegoing we've seen throughout Asia and other key markets — with each successive major tentpole release delivering an incrementally stronger debut . " " We believe the table is set for a dramatic rebound for blockbuster moviegoing beginning this fall and throughout 2022 , as a powerful slate of Hollywood tentpoles representing many of the biggest global franchises in entertainment arrives in theaters worldwide . " IMAX reported second quarter 2021 revenues of $ 51.0 million , gross margin of $ 25.6 million , and a net loss attributable to