The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how IMAX (NYSE: IMAX) and the rest of the media & entertainment stocks fared in Q2.
Simply put, traditional media like linear TV is losing eyeballs and as a result, ad dollars as well. On the other hand, digital media such as streaming and social media are taking share of audience and ad spend. AI-driven content creation and digital advertising are continuing to evolve, which benefits companies in the sector that invest behind these themes. On the other hand, headwinds include growing regulatory scrutiny on AI-generated content, with many publishers balking at anything that gets no human oversight. Additional areas to navigate for companies in the space include the phasing out of third-party cookies, which could make traditional ways of tracking the online behavior of consumers (a secret sauce in digital marketing) much less effective.
The 15 media & entertainment stocks we track reported a mixed Q2. As a group, revenues beat analysts’ consensus estimates by 3.4% while next quarter’s revenue guidance was 1.4% below.
In light of this news, share prices of the companies have held steady as they are up 1.2% on average since the latest earnings results.
Best Q2: IMAX (NYSE: IMAX)
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.
IMAX reported revenues of $102.8 million, up 12.2% year on year. This print exceeded analysts’ expectations by 8.8%. Overall, it was an incredible quarter for the company with a beat of analysts’ EPS estimates.
Interestingly, the stock is up 42.9% since reporting and currently trades at $56.18.
Ibotta (NYSE: IBTA)
Originally launched as a way to make grocery shopping more rewarding for budget-conscious consumers, Ibotta (NYSE: IBTA) is a mobile shopping app that allows consumers to earn cash back on everyday purchases by completing tasks and submitting receipts.
Ibotta reported revenues of $88.91 million, up 3.3% year on year, outperforming analysts’ expectations by 4.7%. The business had an incredible quarter with a beat of analysts’ EPS estimates and revenue guidance for next quarter exceeding analysts’ expectations.
The market seems happy with the results as the stock is up 67.2% since reporting. It currently trades at $41.11.
Is now the time to buy Ibotta? Access our full analysis of the earnings results here, it’s free.
Weakest Q2: Getty Images (NYSE: GETY)
With a vast library of over 562 million visual assets documenting everything from breaking news to iconic historical moments, Getty Images (NYSE: GETY) is a global visual content marketplace that licenses photos, videos, illustrations, and music to businesses, media outlets, and creative professionals.
Getty Images reported revenues of $229.1 million, down 2.5% year on year, falling short of analysts’ expectations by 2.5%. It was a disappointing quarter as it posted a significant miss of analysts’ EPS estimates.
As expected, the stock is down 68.5% since the results and currently trades at $0.14.
Read our full analysis of Getty Images’s results here.
RUM Group (NASDAQ: RUM)
Founded in 2013 as a champion for content creator rights and free expression, RUM Group (NASDAQ: RUM) is a video sharing platform that positions itself as a free speech alternative to mainstream platforms, offering creators more favorable revenue-sharing opportunities.
RUM Group reported revenues of $40.37 million, up 60.9% year on year. This number surpassed analysts’ expectations by 31.7%. However, it was a slower quarter as it logged a significant miss of analysts’ EPS estimates.
RUM Group delivered the biggest analyst estimate beat of the whole group. The stock is up 34.9% since reporting and currently trades at $8.38.
Read our full, actionable report on RUM Group here, it’s free.
WEBTOON (NASDAQ: WBTN)
Pioneering a vertical-scrolling format optimized for mobile devices, WEBTOON Entertainment (NASDAQ: WBTN) operates a global platform where creators publish serialized web-comics and web-novels that users can read in bite-sized episodes.
WEBTOON reported revenues of $338.5 million, down 2.8% year on year. This print lagged analysts’ expectations by 1.6%. It was a slower quarter as it also recorded revenue guidance for next quarter missing analysts’ expectations significantly.
WEBTOON had the slowest revenue growth in the group. The stock is up 15.6% since reporting and currently trades at $10.93.
Read our full, actionable report on WEBTOON here, it’s free.
Market Update
Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.
Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.
By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.
Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
