IMAX 2Q18 Earnings Recap: Will IMAX Continue to Invest in Virtual Reality?

Chelsea Mercer, Analyst Insight Articles, Location-Based Entertainment, Location-Based xR Intelligence Service, Media & Entertainment, Virtual Reality

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IMAX reported fiscal 2Q18 revenues of $98.4 million, up 12% year-over-year, but missing the $98.8 million consensus estimate. While IMAX’s core business performed well ove the quarter, new ventures, such as virtual reality, continues to face signs of trouble.

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