Core Insights - National CineMedia, Inc. demonstrated strong advertiser demand and revenue growth in the fourth quarter, achieving total revenue of $93 million, an increase of nearly 8% year-over-year, driven by healthy demand for cinema advertising [2][21] - The company reported a significant increase in programmatic revenue, which grew by 100% year-over-year, reflecting the effectiveness of its programmatic platform in attracting new advertisers [7][21] - The fourth quarter saw a 27% increase in national impressions sold per attendee, indicating strong demand for premium inventory and effective monetization strategies [22] Financial Performance - Total fourth quarter revenue reached $93 million, aligning with guidance and reflecting an 8% year-over-year growth [2][21] - Adjusted OIBDA for the quarter was $37 million, exceeding guidance and representing a 6% increase from the previous year [2][25] - National advertising revenue for the fourth quarter was $76 million, up nearly 10% from $69.2 million in the prior year [21] Audience Engagement and Inventory Utilization - Total attendance across the network increased approximately 7% year-over-year to 107 million, with advertising revenue growing at a faster rate than attendance [6][20] - The company saw a 72% increase in platinum impressions sold per attendee and a 53% increase in post-show impressions sold per attendee, reflecting strong advertiser interest in premium inventory [22] - The standardization of the company's footprint following an agreement with AMC has improved campaign planning efficiency and inventory monetization [5][22] Strategic Initiatives - National CineMedia, Inc. is focusing on enhancing its programmatic and self-serve advertising offerings, which are critical for capturing premium video ad spend [7][10] - The acquisition of Spotlight has expanded the company's reach into high-end luxury advertising, creating new revenue opportunities [15][16] - The company is leveraging AI-enabled tools to enhance creative control and accelerate production, particularly for localized advertising campaigns [12][15] Market Outlook - The upcoming 2026 film slate is robust, with anticipated releases expected to drive strong advertiser demand, positioning the company for continued growth [17][34] - Early indicators for 2026 show strong demand for inventory, with major releases like Avatar: Fire and Ash and Zootopia 2 contributing to positive momentum [18][34] - The company is optimistic about capturing a greater share of advertiser budgets as the market continues to recover post-pandemic [5][34]

CENTENNIAL, Colo.--(BUSINESS WIRE)--In the Operating Data table, the ESA Party Screens at Period End as of January 1, 2026, should read: 9,314 (instead of 1,371) for release issued February 26, 2026. The updated release reads: NATIONAL CINEMEDIA, INC. REPORTS RESULTS FOR FISCAL FOURTH QUARTER AND FULL YEAR 2025 Â Fourth quarter operating income increases year-over-year and fourth quarter adjusted OIBDA exceeds guidance Fourth quarter revenue growth of 8% outpaced attendance as NCM attracted grea. ...

Core Insights - National CineMedia (NCMI) reported a revenue of $93.2 million for the quarter ended December 2025, reflecting an 8% increase year-over-year and surpassing the Zacks Consensus Estimate of $91.33 million by 2.04% [1] - The company's earnings per share (EPS) was $0.28, up from $0.26 in the same quarter last year, and exceeded the consensus EPS estimate of $0.25 by 10.54% [1] Revenue Breakdown - National advertising revenue reached $76 million, exceeding the average estimate of $74.45 million by analysts, marking a year-over-year increase of 9.8% [4] - ESA Party advertising revenue from beverage concessionaire agreements was reported at $3.4 million, slightly below the average estimate of $3.6 million, representing a decline of 5.6% year-over-year [4] - Total advertising revenue (excluding beverage) was $89.8 million, surpassing the estimated $88.2 million, with an 8.6% increase compared to the previous year [4] - Local and regional advertising revenue amounted to $13.8 million, slightly above the average estimate of $13.7 million, indicating a year-over-year growth of 2.2% [4] Stock Performance - Over the past month, shares of National CineMedia have returned -5.8%, contrasting with the Zacks S&P 500 composite's increase of 0.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - Total fourth quarter revenue was $93 million, growing nearly 8% year-over-year, in line with guidance [5][21] - Adjusted OIBDA for the quarter was $37 million, exceeding guidance and representing a 6% increase versus the prior year [5][21] - Total revenue for the full year 2025 was $243.2 million, up 1% from $240.8 million in 2024 [26] Business Line Data and Key Metrics Changes - Total advertising revenue increased 9% year-over-year to $90 million, driven by strong performance in retail, wireless, and travel categories [7][22] - National advertising revenue for the fourth quarter was $76 million, up nearly 10% from $69.2 million in the prior year [22] - Local and regional advertising revenue for the fourth quarter was $13.8 million, up 2% from $13.5 million in the prior year [23] Market Data and Key Metrics Changes - Total attendance across NCM's network in the fourth quarter increased approximately 7% year-over-year to 107 million [9] - National revenue per attendee increased to $0.71 in the fourth quarter, reflecting a 10% increase versus the prior year [23] - Programmatic revenue increased 100% year-over-year, with the total number of programmatic advertisers increasing 2.4 times [10][22] Company Strategy and Development Direction - The company is focused on attracting new advertisers and deepening existing relationships, with a robust 2026 film slate expected to drive demand [17][34] - Continued investment in programmatic and self-serve initiatives is aimed at capturing more premium video ad spend [10][11] - The acquisition of Spotlight is expected to expand reach and appeal among high-end luxury advertisers [16] Management's Comments on Operating Environment and Future Outlook - Management noted that despite a weaker than expected box office in the fourth quarter, advertiser demand remained strong [21] - The upcoming 2026 film slate is seen as a significant improvement, with expectations for a more consistent flow of major releases [17][34] - Early visibility for the first quarter of 2026 is encouraging, with sustained demand for inventory [18][34] Other Important Information - Total operating expenses for the fourth quarter were $69.4 million, up from $66.3 million in the prior year [24] - The company returned approximately $33.6 million to shareholders in 2025, including dividends and share repurchases [30] - The first quarter of 2026 is expected to see revenue between $32.5 million and $36.5 million, with Adjusted OIBDA between negative $13 million and negative $10 million [33] Q&A Session Summary Question: Can you provide insights on forward bookings for the year? - Management indicated that upfront bookings were up year-over-year, showing positive signs for Q2 and Q3 [37] Question: How is the AMC agreement impacting average revenue per impression? - The AMC agreement is expected to provide a tailwind for revenue, as both Platinum and Post-Showtime inventory are more expensive [38] Question: Did the fourth quarter's box office performance create issues with make-goods for advertisers? - There was a higher amount of make-goods than usual due to lower box office performance, which will be fulfilled over the next 2 to 3 quarters [42][43] Question: How does the company view the impact of the Winter Olympics and World Cup on advertising? - Management believes political advertising could be an upside, while the World Cup's impact will be less significant compared to the Olympics [62][64] Question: Is there a shift in national advertisers looking to local advertising? - Some national advertisers are indeed looking to local markets, which is seen as beneficial rather than cannibalistic [70][71]

Financial Data and Key Metrics Changes - Total fourth quarter revenue was $93 million, growing nearly 8% year-over-year, in line with guidance [5][21] - Adjusted OIBDA for the quarter was $37 million, exceeding guidance and representing a 6% increase from the prior year [5][21] - Total revenue for the full year 2025 was $243.2 million, up 1% from $240.8 million in 2024 [26] Business Line Data and Key Metrics Changes - Total advertising revenue increased 9% year-over-year to $90 million, driven by strong performance in retail, wireless, and travel categories [7][22] - National advertising revenue for the fourth quarter was $76 million, up nearly 10% from $69.2 million in the prior year [22] - Local and regional advertising revenue for the fourth quarter was $13.8 million, up 2% from $13.5 million in the prior year [23] Market Data and Key Metrics Changes - Total attendance across NCM's network in the fourth quarter increased approximately 7% year-over-year to 107 million [9] - National revenue per attendee increased to $0.71 in the fourth quarter, reflecting a 10% increase versus the prior year [23] - Programmatic revenue increased 100% year-over-year, indicating strong adoption of the programmatic platform [10][22] Company Strategy and Development Direction - The company is focused on attracting new advertisers and deepening existing relationships, with a robust film slate expected in 2026 [17][34] - Continued investment in programmatic and self-serve initiatives is aimed at capturing more premium video ad spend [10][11] - The acquisition of Spotlight is expected to diversify and deepen appeal to new advertisers, expanding reach among high-end luxury advertisers [16] Management's Comments on Operating Environment and Future Outlook - Management noted that despite a weaker than expected box office, advertiser demand remained strong, particularly during the holiday period [21] - The upcoming 2026 film slate is described as robust and balanced, with expectations for a meaningful improvement in box office performance [17][34] - Early visibility for the first quarter of 2026 is encouraging, with sustained demand for inventory driven by recent film releases [18] Other Important Information - Total operating expenses for the fourth quarter were $69.4 million, up from $66.3 million in the prior year, reflecting one-time charges [24] - The company returned approximately $33.6 million to shareholders in 2025, including dividends and share repurchases [30][31] - The first quarter of 2026 is expected to see revenue between $32.5 million and $36.5 million, with Adjusted OIBDA between negative $13 million and negative $10 million [33] Q&A Session Summary Question: Can you provide insights on forward bookings for the year? - Management indicated that upfront bookings were up year-over-year, showing positive signs for additional inventory purchases in Q2 and Q3 [36][37] Question: How is the AMC agreement impacting average revenue per impression? - The AMC agreement is expected to provide a tailwind for revenue per impression due to the higher value of Post-Showtime and Platinum inventory [38] Question: Did the softer fourth quarter box office create issues with make-goods for advertisers? - There was a higher amount of make-goods than usual due to lower box office performance, which will be fulfilled over the next 2 to 3 quarters [42][43] Question: How does the company view the impact of the Winter Olympics and World Cup on advertising? - Management believes political advertising could be an upside, while the World Cup's impact will be less significant compared to the Olympics [62][63] Question: Is there a shift in national advertisers towards local advertising? - Some national advertisers are looking to local markets, which is seen as beneficial for local advertising without cannibalizing overall revenue [70][71]

Financial Data and Key Metrics Changes - Total fourth quarter revenue was $93 million, growing nearly 8% year-over-year, in line with guidance [5][19] - Adjusted OIBDA for the quarter was $37 million, exceeding guidance and representing a 6% increase versus the prior year [5][24] - Total revenue for the full year 2025 was $243.2 million, up 1% from $240.8 million in 2024 [25] Business Line Data and Key Metrics Changes - Total advertising revenue increased 9% year-over-year to $90 million, driven by strong performance in retail, wireless, and travel categories [6][22] - National advertising revenue for the fourth quarter was $76 million, up nearly 10% from $69.2 million in the prior year [21] - Local and regional advertising revenue for the fourth quarter was $13.8 million, up 2% from $13.5 million in the prior year [22] Market Data and Key Metrics Changes - Total attendance across NCM's network in the fourth quarter increased approximately 7% year-over-year to 107 million [8] - National revenue per attendee increased to $0.71 in the fourth quarter, reflecting a 10% increase versus the prior year [22] - Programmatic revenue increased 100% year-over-year, with the total number of programmatic advertisers increasing 2.4 times [9][20] Company Strategy and Development Direction - The company executed strategic priorities by investing in its platform and capabilities, driving increased advertiser demand [4] - The acquisition of Spotlight expanded the company's reach and appeal among high-end luxury advertisers [15] - The company plans to significantly expand custom pre-show activations in 2026, leveraging popular franchise films [15] Management's Comments on Operating Environment and Future Outlook - Management noted that the upcoming 2026 film slate is robust and balanced, representing a meaningful improvement versus recent years [16] - Early visibility for the first quarter of 2026 is encouraging, with sustained demand for inventory [17] - The company believes it is well-positioned to capture continued growth in advertiser demand against a strong upcoming slate in 2026 [31] Other Important Information - Total operating expenses for the fourth quarter were $69.4 million, up from $66.3 million in the prior year [23] - The company returned approximately $33.6 million to shareholders in 2025, including dividends and share repurchases [28] - The company expects first quarter revenue to be between $32.5 million and $36.5 million, with Adjusted OIBDA between negative $13 million and negative $10 million [31] Q&A Session Summary Question: Can you give us a sense of forward bookings later in the year? - Management indicated that upfront bookings were up year-over-year, showing positive signs for Q2 and Q3 [36] Question: How much benefit is the AMC agreement having on average revenue per impression? - Management noted that the AMC agreement is critical and has provided a tailwind for revenue, particularly for premium inventory [37] Question: Did the fourth quarter's softer performance create issues with make-goods for advertisers? - Management acknowledged a higher amount of make-goods due to lower box office performance but indicated fulfillment would occur over the next 2 to 3 quarters [41][42] Question: How does the box office growth correlate with advertising business growth? - Management expressed optimism about the correlation, noting strong bookings for Q2 and Q3 due to a healthy film slate [52] Question: Is there potential for political advertising? - Management indicated that there is growing interest from select exhibitors to support political advertising, which could be a significant opportunity [71]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ¨ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such f ...

Exhibit 99.1 National CineMedia, Inc. Reports Results for Fiscal Fourth Quarter and Full Year 2025 Fourth quarter operating income increases year over year and fourth quarter adjusted OIBDA exceeds guidance Fourth quarter revenue growth of 8% outpaced attendance as NCM attracted greater advertiser demand Centennial, Colo. - February 26, 2026 - National CineMedia, Inc. (NASDAQ: NCMI) (the "Company" or "NCM"), the managing member of National CineMedia, LLC (NCM LLC), the operator of the largest cinema adverti ...

Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Group 1: Omnicom Group Inc (NYSE:OMC) - Omnicom has a dividend yield of 3.98% [5] - Wells Fargo analyst Steven Cahall upgraded the stock from Equal-Weight to Overweight, raising the price target from $78 to $91 on September 23, 2025, with an accuracy rate of 66% [5] - JP Morgan analyst David Karnovsky maintained an Overweight rating but reduced the price target from $104 to $96 on July 10, 2025, with an accuracy rate of 74% [5] - Recent news includes Omnicom completing the acquisition of Interpublic on November 26 [5] Group 2: Comcast Corp (NASDAQ:CMCSA) - Comcast has a dividend yield of 4.49% [5] - Barclays analyst Kannan Venkateshwar maintained an Equal-Weight rating and cut the price target from $30 to $28 on January 13, 2026, with an accuracy rate of 54% [5] - B of A Securities analyst Jessica Reif Cohen upgraded the stock from Neutral to Buy, increasing the price target from $31 to $37 on January 12, 2026, with an accuracy rate of 68% [5] - Recent news includes Comcast announcing the completion of the separation of Versant Media Group, Inc. on January 5 [5] Group 3: National CineMedia (NCMI) - National CineMedia has a dividend yield of 3.24% [5] - B. Riley Securities analyst Drew Cum maintained a Neutral rating and reduced the price target from $5 to $4 on January 22, 2026, with an accuracy rate of 69% [5] - Benchmark analyst Mike Hickey maintained a Buy rating but lowered the price target from $7 to $6 on January 7, 2026, with an accuracy rate of 70% [5] - Recent news includes National CineMedia announcing the acquisition of Spotlight Cinema Networks on November 17 [5]

Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Group 1: Omnicom Group Inc (NYSE:OMC) - Dividend Yield: 3.98% [5] - Wells Fargo analyst Steven Cahall upgraded the stock from Equal-Weight to Overweight, raising the price target from $78 to $91 on September 23, 2025, with an accuracy rate of 66% [5] - JP Morgan analyst David Karnovsky maintained an Overweight rating but reduced the price target from $104 to $96 on July 10, 2025, with an accuracy rate of 74% [5] - Recent news includes the completion of the acquisition of Interpublic on November 26 [5] Group 2: Comcast Corp (NASDAQ:CMCSA) - Dividend Yield: 4.49% [5] - Barclays analyst Kannan Venkateshwar maintained an Equal-Weight rating and cut the price target from $30 to $28 on January 13, 2026, with an accuracy rate of 54% [5] - B of A Securities analyst Jessica Reif Cohen upgraded the stock from Neutral to Buy, increasing the price target from $31 to $37 on January 12, 2026, with an accuracy rate of 68% [5] - Recent news includes the completion of the separation of Versant Media Group, Inc. on January 5 [5] Group 3: National CineMedia (NCMI) - Dividend Yield: 3.24% [5] - B. Riley Securities analyst Drew Cum maintained a Neutral rating and reduced the price target from $5 to $4 on January 22, 2026, with an accuracy rate of 69% [5] - Benchmark analyst Mike Hickey maintained a Buy rating but lowered the price target from $7 to $6 on January 7, 2026, with an accuracy rate of 70% [5] - Recent news includes the acquisition of Spotlight Cinema Networks announced on November 17 [5]