In the third quarter, IMAX swung to a profit with the help of Oppenheimer.

• In the third quarter, IMAX reported profits from major films such as "Oppenheimer" and "Mission: Impossible — Dead Reckoning Part One."
• Revenue also surged more than 50% during the period.
• Natasha Fernandes, the Chief Financial Officer, stated that the company's current operating cash flow is over three times greater than the previous year's.

On Wednesday, Universal reported its second-highest-grossing quarter ever at the global box office, with "Oppenheimer" leading the way.

Shares of the company rose slightly.

Wall Street estimates were exceeded by the company's third-quarter performance.

• According to LSEG, formerly known as Refinitiv, earnings per share are expected to be 23 cents, compared to the current 22 cents per share.
• According to LSEG, the revenue was $103.9 million, exceeding the expected $100.7 million.

The movie company's net income increased to $12 million, or 22 cents per share, from a loss of $9 million, or 16 cents per share, the previous year. Additionally, revenue grew by 51% year over year to $103.9 million.

Despite the rise of streaming in the post-pandemic era, IMAX CEO Richard Gelfond emphasized that the theatrical experience remains strong and viable.

"Gelfond stated on an earnings call Wednesday that they had delivered across every imaginable index this quarter, including financial, signing, position in the ecosystem, and even small ways that many don't see, which is in their leverage in the day-to-day business. He added that he had rarely been as confident as he was today."

The third quarter's growth was driven by several key contributors, including Hollywood blockbusters such as "Oppenheimer," "Mission: Impossible — Dead Reckoning Part One," and "Indiana Jones and the Dial of Destiny." Additionally, local language films like "Creation of the Gods: Kingdom of Storms" from China and "Jawan" from India contributed to the company's summer success.

In terms of grosses, IMAX stated that the quarter was behind only the fourth quarter of 2019, when "Joker" and "Star Wars: The Rise of Skywalker" opened.

In the third quarter, IMAX experienced 120 new signings for new and upgraded systems worldwide.

"Gelfond stated during the call that IMAX had delivered a record performance in the third quarter, surpassing expectations and making it the best of times for the company."

Natasha Fernandes, the Chief Financial Officer, stated that the company's operating cash flow has increased more than three times compared to the previous year.

IMAX anticipates "some movement" in the box office due to the Hollywood actors' strike, but is optimistic that upcoming titles such as "Dune: Part 2" and this quarter's growth will anchor the first-quarter box office.

If the strike continues into next year, IMAX CEO Richard Gelfond sees it becoming a "more serious issue," though he expects the dust to settle soon. He also sees the shifting release dates as an opportunity to show other films. Gelfond discussed this on CNBC's "Squawk on the Street" on Wednesday morning.

The resolution of the issue will determine the outcome. The first half of the year has already been filmed, while the second half requires reshooting. In order to promote the film, the actors are needed, so if the issue is resolved in the next month or so, it will be fine.

The company anticipates great success from the new era of concert films, led by "Taylor Swift: The Eras Tour" and "Renaissance: A Film by Beyonce," both of which have generated significant revenue.