National CineMedia (NCMI) Company Report

National CineMedia reported Q4 2025 revenue of $93 million, an 8% year-over-year increase, and Adjusted OIBDA of $37 million, up 6%. For the full year 2025, total revenue was $243.2 million, a 1% increase from 2024, with Adjusted OIBDA at $39.1 million.
The company experienced strong advertiser demand, with total advertising revenue increasing 9% in Q4 2025 to $90 million, and programmatic revenue growing 100% year-over-year. National advertising CPMs decreased by 18% for the full year 2025 to optimize utilization and monetization.
Key strategic moves in 2025 included the acquisition of Spotlight in Q4, a new deal with AMC, and continued investments in sales, programmatic, and data capabilities.
For Q1 2026, NCM expects revenue between $32.5 million and $36.5 million and Adjusted OIBDA between negative $13 million and negative $10 million, influenced by the absence of an extra week and reduced beverage revenue.
In 2025, NCM returned approximately $33.6 million to shareholders, including $11.3 million in dividends and $22.3 million through share repurchases of 4.1 million shares at an average price of $5.41 per share. A quarterly dividend of $0.03 per share was announced.

1 day ago

Transcript

National CineMedia Reports Strong Q4 2025 Revenue and Adjusted OIBDA Growth, Provides Q1 2026 Outlook

NCMI

Earnings

Guidance Update

New Projects/Investments

National CineMedia reported Q4 2025 revenue of $93.2 million, an 8% year-over-year increase, and Adjusted OIBDA of $37.2 million, up 6%. For the full year 2025, total revenue was $243.2 million, up 1% from 2024, while Adjusted OIBDA was $39.1 million, down from $45.7 million in 2024.
The company's Q4 performance was driven by strong advertiser demand, with total advertising revenue increasing 9% and significant year-over-year growth in programmatic revenue (100%) and self-serve offerings (64%).
Strategic advancements included a new deal with AMC and the acquisition of Spotlight, which expanded network reach and appeal. NCM also returned $33.6 million to shareholders in 2025 through dividends and share repurchases.
For Q1 2026, revenue is projected to be between $32.5 million and $36.5 million, with Adjusted OIBDA between negative $13 million and negative $10 million, influenced by calendar shifts and contractual adjustments. The company anticipates a robust 2026 film slate to support continued growth.

1 day ago

Transcript

National CineMedia Reports Q4 and Full Year 2025 Results, Provides Q1 2026 Guidance

NCMI

Earnings

Guidance Update

Share Buyback

National CineMedia reported Q4 2025 total revenue of $93.2 million, an 8% year-over-year increase, and Adjusted OIBDA of $37.2 million, up 6% year-over-year. This growth was driven by a 9% increase in total advertising revenue to $90 million and a 100% year-over-year growth in programmatic revenue.
For the full year 2025, total revenue was $243.2 million, a 1% increase from 2024, while Adjusted OIBDA decreased to $39.1 million from $45.7 million in the prior year. National advertising CPMs decreased by 18% year-over-year to optimize utilization and broaden the advertiser base.
Strategic initiatives included a new deal with AMC, the acquisition of Spotlight, and significant growth in programmatic and self-serve offerings (up 100% and 64% year-over-year in Q4, respectively). The company returned $33.6 million to shareholders in 2025 through $11.3 million in dividends and $22.3 million in share repurchases.
For Q1 2026, National CineMedia expects revenue between $32.5 million and $36.5 million and Adjusted OIBDA between negative $13 million and negative $10 million, impacted by calendar shifts and reduced beverage revenue, though advertising momentum remains intact with a strong 2026 film slate.

1 day ago

Transcript

National CineMedia, Inc. Reports Fiscal Fourth Quarter and Full Year 2025 Results

NCMI

Earnings

Guidance Update

Dividends

National CineMedia, Inc. (NCMI) reported a Q4 2025 revenue increase of 8.0% to $93.2 million and net income of $29.3 million, or $0.31 per diluted share, compared to Q4 2024.
For the full fiscal year ended January 1, 2026, total revenue increased 1.0% to $243.2 million, and the company reduced its net loss to $10.6 million, or $0.11 net loss per diluted share, from a $22.3 million net loss in the prior year.
The company provided a Q1 2026 revenue outlook of $32.5 million to $36.5 million and an Adjusted OIBDA outlook of $(13.0) million to $(10.0) million.
A cash dividend of $0.03 per share was declared on February 26, 2026, payable on March 23, 2026.

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8-K

National CineMedia Reports Fiscal Fourth Quarter and Full Year 2025 Results

NCMI

Earnings

Guidance Update

Dividends

National CineMedia, Inc. reported Q4 2025 revenue of $93.2 million, an 8.0% increase year-over-year, with net income of $29.3 million and $0.31 net income per diluted share.
For the full fiscal year 2025, total revenue increased 1.0% to $243.2 million, and the company reported a net loss of $10.6 million or $0.11 net loss per diluted share.
Adjusted OIBDA for Q4 2025 increased to $37.2 million, while for the full year 2025, it decreased to $39.1 million.
The company provided Q1 2026 revenue guidance in the range of $32.5 million to $36.5 million and Adjusted OIBDA guidance between $(13.0) million and $(10.0) million.
A cash dividend of $0.03 per share was declared on February 26, 2026, payable on March 23, 2026, to stockholders of record on March 9, 2026.

1 day ago

Press Release

NCMI acquires Spotlight Cinema Networks

NCMI

M&A

New Projects/Investments

National CineMedia, Inc. (NCMI) announced on November 17, 2025, the acquisition of Spotlight Cinema Networks, a company specializing in advertising for art house, luxury, and dine-in exhibitors.
The acquisition is projected to increase NCM's national market share by approximately 6% and expand its theater presence by 30% in the critical New York and Los Angeles markets.
NCM expects the transaction to be accretive to shareholders on a pro forma basis, with a purchase multiple of 4.5x pro forma EBITDA, and anticipates realizing full run-rate synergies over the course of 2026.

Nov 17, 2025, 1:16 PM

8-K

National CineMedia Inc. Reports Q3 2025 Results and Provides Q4 2025 Guidance

NCMI

Earnings

Guidance Update

Share Buyback

National CineMedia Inc. (NCMI) reported Q3 2025 total revenue of $63.4 million, a 2% year-over-year increase, and adjusted EBITDA of $10.2 million, exceeding the prior year's $8.8 million.
The company experienced a rebound in advertiser demand across key categories, with national advertising revenue up 6.6% to $49.9 million. Programmatic revenue was approximately four times higher than last year, marking its strongest quarter ever.
NCMI provided Q4 2025 guidance, projecting total revenue between $91 million and $98 million and adjusted EBITDA between $30 million and $35 million.
The company reinstated a quarterly dividend of $0.03 per share for Q3 2025, payable on November 26, 2025. Year-to-date through September 25, 2025, NCMI repurchased 3.3 million shares for approximately $18.8 million.

Oct 30, 2025, 9:00 PM

Transcript

National CineMedia, Inc. Announces Q3 2025 Financial Results and Q4 2025 Outlook

NCMI

Earnings

Guidance Update

Dividends

National CineMedia, Inc. reported total revenue of $63.4 million for the fiscal third quarter ended September 25, 2025, an increase of 1.6% compared to the same period in 2024.
The company achieved net income of $1.6 million, or $0.02 per diluted share, for Q3 2025, a significant improvement from a net loss of $3.6 million, or $0.04 per diluted share, in Q3 2024.
Adjusted OIBDA increased to $10.2 million for Q3 2025, up from $8.8 million in Q3 2024, driven by higher inventory utilization and rebounding advertiser demand.
A cash dividend of $0.03 per share was declared on October 30, 2025, payable on November 26, 2025, to stockholders of record on November 10, 2025.
For the fourth quarter of 2025, NCM LLC expects total revenue of $91.0 million to $98.0 million and Adjusted OIBDA in the range of $30.0 million to $35.0 million.