IMAX Corporation (NYSE:IMAX) Q3 2023 Earnings Call Transcript

Where we promised years out in the future, we’ve really delivered this year and in particular, we’ve really delivered this quarter across every imaginable index, whether it is financial or whether it is signings, or whether it is our position in the ecosystem or even in small ways, many of you don’t see, which is in our leverage in the day-to-day business. And we’re like a must-have for blockbuster films on a global basis. And we have been able to use that to improve our slate, not only in the movie business, but whether it is in the concert business or in the streaming business. And that continues to go ahead. And that all feeds in to something I ended the last call on, which is math. I mean, I think if you look at where our EBITDA is, look at what our multiple was in 2019 pre-pandemic and look at where our multiple is today.

And it is just — I think, there is an awful lot of upside in IMAX. And all the stories everybody tells and you could just sit down with a pen. And I guess the final point I should remember is, since 2019, we bought in a lot of shares. So, I would urge everyone to look at those criteria and figure out what a good valuation is for IMAX. I’ve certainly rarely been as confident as I am today. So again, thank you for joining us and we look forward to our year-end call.

Operator: Ladies and gentlemen, that does conclude our conference for today. Thank you for your participation. You may now disconnect.