Company Overview - National CineMedia (NCM) is the largest cinema advertising platform in the US, with over 18,000 screens in more than 1,400 theaters across 196 Designated Market Areas (DMAs) [22]. - NCM generates revenue primarily from advertising through The Noovie® Show and strategically-placed screens in theater lobbies, extending reach via NCM Boost across various digital and out-of-home venues [23]. Bankruptcy and Restructuring - NCM LLC emerged from Chapter 11 bankruptcy on August 7, 2023, after a restructuring plan was confirmed, allowing it to reconsolidate into NCM, Inc.'s financial statements [35]. - The company made a capital contribution of $15.0 million to NCM LLC as part of the restructuring support agreement [32]. - Following the emergence from bankruptcy, NCM, Inc. retained approximately 13.8% ownership of NCM LLC's equity [34]. - Regal terminated its exclusive advertising agreement with NCM LLC on July 14, 2023, and entered into a new advertising agreement, effectively ending its status as an ESA Party [39]. - Each holder of general unsecured claims received a pro rata share of $15.0 million, with $14.5 million contributed by NCM LLC and $0.5 million from NCM, Inc. [38]. - As of December 26, 2024, NCM LLC held a total of $3.0 million within escrow accounts for finalizing unsecured creditors' claims [37]. - The restructuring plan included the issuance of new common membership units to secured debt claim holders, allowing them to exchange units for shares of NCM, Inc.'s common stock [38]. - The company emerged from bankruptcy on August 7, 2023, which required significant management focus on negotiations rather than business operations [131]. - The ongoing litigation with AMC and Cinemark regarding the confirmation of the bankruptcy plan could impact future cooperation under the ESAs [130]. Financial Performance - The company executed a one-for-ten reverse stock split on August 3, 2023, reducing outstanding shares from 174,112,385 to 17,411,323, and later to 13,343,065 after share cancellations [40]. - A stock repurchase program was approved on March 18, 2024, allowing the company to repurchase up to $100 million of its common stock over three years, with 2,524,991 shares repurchased in the year ended December 26, 2024 [41]. - The company entered into a $45 million senior secured revolving credit facility on January 24, 2025, maturing on January 24, 2028, which is expected to reduce overall interest expenses [42]. - The company's revenue is seasonal, with the first quarter typically generating 15.5% of total revenue for FY 2024, compared to 35.8% in the fourth quarter [86]. - The company reported that 62.0% of its audience in 2023 was between the ages of 12-34, with a median age of 30, highlighting its appeal to younger demographics [95]. - The cinema advertising business derived 78.1% of its revenue from national clients and 16.2% from regional and local advertisers for the year ended December 26, 2024 [54]. - Exclusive contractual relationships accounted for approximately 19.0% and 28.4% of total revenue for the years ended December 26, 2024, and December 28, 2023, respectively [101]. - NCM LLC's Adjusted OIBDA margin was 20.3% for the year ended December 28, 2023, but decreased to (69.6)% in 2024 due to various operational impacts [102]. - The average annual attendance per screen in the network was 21,674 in 2024 [97]. - The company generates a significant portion of its revenue from a small number of large advertisers, with one agency accounting for over 14.7% of the gross outstanding receivable balance as of December 26, 2024 [165]. Advertising Strategies and Innovations - In 2024, the company launched several specialty content platforms targeting diverse audiences, including sustainability and sports, to attract higher disposable income demographics [47]. - The company launched programmatic and self-serve advertising marketplaces in 2024, allowing real-time data-driven trading and enabling local businesses to manage their own ad purchases [55]. - NCMx™, the company's data analytics platform, had over 824.4 million unique data records as of December 26, 2024, providing advertisers with extensive insights into moviegoer behavior [62]. - In 2024, the company launched NCM Boost, enhancing cinema advertising campaigns by extending reach beyond the big screen, allowing for precise targeting of moviegoers using first-, second-, and third-party data [63]. - The NCM Boomerang retargeting solution was introduced in 2024, enabling advertisers to reconnect with moviegoers three hours after their theater experience, maximizing campaign impact [64]. - The company's Digital Out-of-Home (DOOH) group sold media inventory on a national, regional, local, and programmatic level in 2024, expanding advertising reach beyond theaters [74]. - The Noovie Show's Post-Showtime Inventory is utilized by 65.0% of network affiliates, enhancing advertising opportunities [105]. - The company aims to expand its affiliate network and strengthen relationships with exhibitors to increase revenue and market reach [106]. Market Challenges and Risks - The company experienced significant impacts on theater attendance due to production delays from writers' and actors' strikes in 2023, which are expected to affect attendance throughout 2024 [120]. - Future pandemics or health-related incidents could lead to public safety restrictions that negatively impact attendance and advertising revenue [121]. - The company faces risks related to the enforceability of non-competition provisions in its ESAs, which could allow competitors to enter the market [133]. - Changes in consumer behavior, such as increased online ticket purchases, may reduce the number of patrons present to view advertising content [129]. - Regal announced plans to optimize the number of theaters it operates, which may reduce advertising impressions and revenue if theaters are closed or liquidated [138]. - The competitive advertising market includes significant competition from digital platforms, which may affect NCM's market position and revenue [153]. - Changes in the number and mix of films shown in theaters could lead to reduced advertising spending if the audience does not match advertisers' target demographics [155]. - Economic uncertainty and a decline in consumer spending in the U.S. may adversely impact demand for the company's services and delay payments from advertising clients [160]. Technology and Cybersecurity - The company implemented a new cinema advertising management system in early 2021, which replaced many internally developed systems and aims to optimize delivery, inventory management, and revenue recognition [157]. - The company maintains a cybersecurity management program, regularly updated to address identified risks and threats [198]. - The company has established a cybersecurity incident response plan to manage potential incidents, requiring notification to a response team for risk assessment and appropriate action [200]. - The Audit Committee oversees the company's cybersecurity program, receiving updates quarterly on risk management effectiveness and identified threats [202]. - The Chief Information Officer, with over 30 years of experience, leads the cybersecurity team and reports to the Audit Committee on incident prevention and mitigation efforts [203]. Corporate Governance and Shareholder Relations - The company is a holding entity with no independent operations, relying on distributions from NCM LLC to meet obligations [179]. - The declaration of future dividends will depend on NCM LLC's financial condition and results of operations [179]. - The company's bylaws contain anti-takeover provisions that may impede strategic transactions beneficial to stockholders [188]. - The management discussion includes forward-looking statements regarding financial conditions and results of operations for fiscal 2024 compared to fiscal 2023 [220].

Revenue Performance - Total revenue for Q4 2024 decreased 5.1% to $86.3 million compared to $90.9 million in Q4 2023, primarily due to an unfavorable film slate[3] - For the full year 2024, total revenue decreased 7.3% to $240.8 million from $259.8 million in 2023, attributed to decreased attendance due to a reduced movie slate[4] - Total revenue for the quarter ended December 26, 2024, was $86.3 million, a decrease of 5.1% from $90.9 million for the same period in 2023[18] - Total revenue for the year ended December 26, 2024, was $240.8 million, a decrease of 7.4% from $259.8 million in 2023[33] Income and Profitability - Operating income for Q4 2024 was $20.0 million, down from $21.3 million in Q4 2023[3] - The company reported a net income of $24.7 million, or $0.26 per diluted share, for Q4 2024, compared to $23.7 million, or $0.24 per diluted share, in Q4 2023[5] - For the year ended December 26, 2024, the operating loss decreased to $19.5 million from $180.9 million in 2023[4] - Operating income for the quarter was $20.0 million, slightly down from $21.3 million in the same quarter last year[25] - Net income attributable to NCM, Inc. for the quarter was $24.7 million, compared to $23.7 million in the prior year[18] Adjusted OIBDA - Adjusted OIBDA for Q4 2024 decreased to $35.0 million from $39.8 million in Q4 2023[3] - Adjusted OIBDA for the quarter was $35.0 million, compared to $39.8 million in the prior year, with an adjusted OIBDA margin of 40.6%[25] - Adjusted OIBDA for the quarter ended December 26, 2024, was $35.0 million, down from $39.8 million in the prior year, reflecting a decline of 12.1%[33] - The Adjusted OIBDA margin for the quarter ended December 26, 2024, was 40.6%, compared to 43.8% in the same quarter of 2023, showing a decline of 3.2 percentage points[33] Advertising Revenue - National advertising revenue decreased to $69.2 million from $71.9 million, while local and regional advertising revenue fell to $13.5 million from $16.2 million[25] Attendance and Market Performance - Total attendance for the quarter was 100.6 million, up from 82.4 million in the previous year, representing a 22% increase[22] - The company highlighted the success of films like Wicked and Moana 2 as key drivers for the cinema industry's performance in 2024[2] Future Projections - The company expects Q1 2025 revenue to be between $34.0 million and $36.0 million, with Adjusted OIBDA projected to be between negative $9.5 million and negative $7.5 million[8] - The company is optimistic about the first half of fiscal year 2025 based on strong second quarter sales pacing[8] Assets and Expenditures - Cash, cash equivalents, and marketable securities increased to $78.2 million from $37.6 million year-over-year[20] - Total assets remained relatively stable at $568.6 million compared to $567.7 million in the previous year[20] - The number of total screens at period end decreased to 18,028 from 18,403 year-over-year[22] - Capital expenditures for the quarter were $2.3 million, down from $3.0 million in the same quarter last year[26] Costs and Expenses - Share-based compensation costs increased to $3.0 million in the quarter ended December 26, 2024, from $1.6 million in the same quarter of 2023, representing an increase of 87.5%[34] - Integration and encumbered theater payments for the year ended December 26, 2024, were $6.4 million, down from $7.2 million in 2023, a decrease of 11.1%[33] - The company incurred $1.0 million in advisor fees related to the Chapter 11 case and Cineworld Proceeding for the quarter ended December 26, 2024, compared to $7.1 million in the same quarter of 2023, a decrease of 85.8%[33] - Workforce reorganization costs amounted to $2.9 million for the year ended December 26, 2024, reflecting the company's efforts to streamline operations[35] - The impairment of long-lived assets was recorded at $8.9 million for the year ended December 28, 2023, primarily related to certain intangible assets[34] Strategic Focus - The company is focusing on transitioning satellite providers and optimizing its technology offerings, incurring one-time costs in these areas during 2024[36]

Core Viewpoint - National CineMedia (NCMI) is expected to report quarterly earnings of $0.20 per share, indicating no change from the previous year, with revenues projected at $86.2 million, reflecting a decline of 5.2% year over year [1]. Earnings Estimates - The consensus EPS estimate for the quarter has been revised downward by 3.6% over the past 30 days, indicating a reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts project 'Revenue- Local and regional advertising revenue' to reach $13.50 million, a decrease of 16.7% year over year [5]. - The estimate for 'Revenue- National advertising revenue' is set at $68.80 million, indicating a decline of 4.3% from the prior-year quarter [5]. - The consensus estimate for 'Revenue- Total advertising revenue (excluding beverage)' stands at $84.10 million, suggesting a year-over-year change of -4.5% [6]. Stock Performance - Over the past month, National CineMedia shares have returned +1.5%, contrasting with the Zacks S&P 500 composite's -1.3% change, suggesting that NCMI may perform in line with the overall market in the near term [7].

Financial Data and Key Metrics Changes - In Q3 2024, revenue was $62.4 million, exceeding guidance of $56 million to $58 million, while adjusted OIBDA was $8.8 million, surpassing guidance of $6 million to $8 million [18][35][36] - Total revenue decreased 10% year-over-year, primarily due to a high mix of harder-to-monetize G and PG rated movies in July [37] - National advertising revenue was $46.8 million, down 10% from the previous year, attributed to lower attendance and a decrease in national advertising CPMs [38] Business Line Data and Key Metrics Changes - Local and regional advertising revenue was $11.4 million, down from $12.9 million the previous year, driven by lower attendance [40] - Adjusted OIBDA excluding noncash charges was $8.8 million, down from $11.3 million in the same period last year [42] - The scatter market revenue increased by 35% compared to the prior year, indicating strong performance despite overall revenue decline [36][19] Market Data and Key Metrics Changes - The box office generated nearly $2.7 billion in Q3 2024, showing slight growth compared to the same period last year [6] - Seven films surpassed $100 million at the box office in Q3, the highest number since Q4 2019 [9] - Gen Z and Millennials made up 64% of NCM's viewership in Q3, highlighting cinema's ability to reach desirable demographics [12] Company Strategy and Development Direction - NCM is focusing on expanding its programmatic and self-serve advertising offerings to unlock new demand channels [31][32] - The company is investing in innovative experiential marketing efforts to enhance brand engagement [24][26] - NCM is leveraging its advanced measurement capabilities through NCMx to drive measurable results for clients [28][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the cinema industry's momentum continuing through the end of 2024 and into 2025, with a strong film slate expected [10][51] - The company anticipates a challenging year-over-year comparison in Q4 due to the success of Taylor Swift's The Eras Tour in October 2023 [50][75] - Management highlighted the importance of attendance recovery and revenue per attendee growth for future performance [72][76] Other Important Information - NCM's total adjusted OIBDA year-to-date is $10.7 million compared to $12.9 million the previous year [45] - The company had $52.5 million in cash and equivalents at the end of Q3 2024, with total debt remaining unchanged at $10 million [46] - NCM has repurchased 2.5 million shares for $12.8 million as part of its $100 million share repurchase program [48] Q&A Session Summary Question: Can you update on your upfront visibility as we head into next year? - Management noted a shift towards advertisers buying closer to scatter, with stable pricing in the upfront market [55][56] Question: Any early success with the new premium format ad package? - Management indicated strong momentum in building the new ad package, expecting significant traction [59][60] Question: Are you able to offer performance guarantees in the scatter market? - Management confirmed that performance guarantees can be offered in both upfront and scatter markets [83] Question: How does the shift to scatter impact gross margins? - Management acknowledged that the scatter market typically has higher CPMs, which could positively impact gross margins [85] Question: Can you participate in live events advertising? - Management confirmed that advertising rights for live events are available, and they are actively pursuing opportunities in this area [88][89]

Core Insights - National CineMedia (NCMI) reported a revenue of $62.4 million for the quarter ended September 2024, reflecting a significant increase of 152.6% compared to the same period last year [1] - The earnings per share (EPS) for the quarter was -$0.04, a decline from $0.33 in the previous year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $58.2 million, resulting in a positive surprise of 7.22% [1] - The company experienced an EPS surprise of -33.33%, with the consensus EPS estimate being -$0.03 [1] Revenue Breakdown - Local and regional advertising revenue was reported at $11.40 million, surpassing the estimated $9.80 million, but showing a year-over-year decline of 11.6% [3] - National advertising revenue reached $46.80 million, exceeding the average estimate of $44.20 million, with a year-over-year decrease of 10% [3] - Total advertising revenue (excluding beverage) was $62.40 million, compared to the average estimate of $54.05 million, indicating a year-over-year change of -3.9% [3] - ESA advertising revenue from beverage concessionaire agreements was $4.20 million, slightly above the estimated $3.95 million, with a year-over-year decline of 10.6% [3] Stock Performance - Shares of National CineMedia have increased by 10.1% over the past month, contrasting with a -0.5% change in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [4]

分组1 - National CineMedia (NCMI) reported a quarterly loss of $0.04 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.03, and a significant decline from earnings of $0.33 per share a year ago, indicating an earnings surprise of -33.33% [1] - The company posted revenues of $62.4 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 7.22%, and showing a substantial increase from year-ago revenues of $24.7 million [2] - National CineMedia shares have increased approximately 72% since the beginning of the year, outperforming the S&P 500's gain of 19.8% [3] 分组2 - The earnings outlook for National CineMedia is uncertain, with current consensus EPS estimates at $0.26 on $93.3 million in revenues for the coming quarter, and -$0.22 on $243.43 million in revenues for the current fiscal year [7] - The estimate revisions trend for National CineMedia is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The Advertising and Marketing industry, to which National CineMedia belongs, is currently ranked in the top 22% of over 250 Zacks industries, suggesting a favorable industry outlook [8]

Financial Performance - Total revenue increased by $37.7 million, or 152.6%, from $24.7 million in Q3 2023 to $62.4 million in Q3 2024[63]. - National advertising revenue rose by $31.3 million, or 201.9%, from $15.5 million in Q3 2023 to $46.8 million in Q3 2024[64]. - Local and regional advertising revenue increased by $6.3 million, or 123.5%, from $5.1 million in Q3 2023 to $11.4 million in Q3 2024[64]. - ESA Party beverage revenue grew by $2.5 million, or 147.1%, from $1.7 million in Q3 2023 to $4.2 million in Q3 2024[64]. - Total revenue increased by $80.1 million, or 107.7%, from $74.4 million for the nine months ended September 28, 2023, to $154.5 million for the nine months ended September 26, 2024[70]. - National advertising revenue rose by $74.9 million, or 174.2%, from $43.0 million to $117.9 million for the same period[71]. - Local and regional advertising revenue increased by $12.3 million, or 86.6%, from $14.2 million to $26.5 million[71]. Operating Expenses - Total operating expenses increased by $32.9 million, or 88.9%, from $37.0 million in Q3 2023 to $69.9 million in Q3 2024[65]. - ESA Parties and network affiliate fees rose by $18.4 million, or 126.9%, from $14.5 million in Q3 2023 to $32.9 million in Q3 2024[65]. - Selling and marketing costs increased by $3.8 million, or 60.3%, from $6.3 million in Q3 2023 to $10.1 million in Q3 2024, mainly due to the reconsolidation of NCM LLC[67]. - Administrative and other costs rose by $5.6 million, or 76.7%, from $7.3 million in Q3 2023 to $12.9 million in Q3 2024, driven by increased advisor and legal fees[67]. - Total operating expenses increased by $71.8 million, or 58.8%, from $122.1 million to $193.9 million[72]. - ESA Parties and network affiliate fees increased by $39.3 million, or 91.8%, from $42.8 million to $82.1 million[73]. Net Income and Loss - The company experienced a net loss attributable to NCM, Inc. of $3.6 million in Q3 2024, compared to a profit of $181.8 million in Q3 2023[64]. - Revenue decreased by $7.2 million, or 10.3%, from $69.6 million in Q3 2023 to $62.4 million in Q3 2024[69]. - Total non-operating income decreased by $190.2 million, or 98.0%, from $194.1 million in Q3 2023 to $3.9 million in Q3 2024, primarily due to a decrease in gains from reconsolidation[68]. - Adjusted OIBDA decreased by $2.5 million, or 22.1%, from $11.3 million in Q3 2023 to $8.8 million in Q3 2024[69]. - Operating loss improved by $143.2 million, from a loss of $150.7 million in Q3 2023 to a loss of $7.5 million in Q3 2024[69]. Bankruptcy and Restructuring - National CineMedia reported a gain on deconsolidation of $557.7 million during the second quarter of 2023 due to the deconsolidation of NCM LLC following its Chapter 11 filing[58]. - NCM LLC emerged from bankruptcy on August 7, 2023, with all historical debt discharged and a gain on bankruptcy of $916.4 million recorded for the nine months ended December 28, 2023[58]. - NCM LLC's restructuring plan included transferring $15.5 million to NCM LLC and assuming certain unexpired contracts, facilitating its emergence from bankruptcy[58]. - NCM LLC emerged from bankruptcy on August 7, 2023, after satisfying the conditions of its Plan[92]. Attendance and Market Metrics - Total theater attendance decreased by 10.1 million, or 7.7%, from 131.7 million in Q3 2023 to 121.6 million in Q3 2024[69]. - Total theater attendance decreased by 66.4 million, or 18.6%, from 356.6 million to 290.2 million[76]. - National advertising revenue fell by $5.2 million, or 10.0%, from $52.0 million in Q3 2023 to $46.8 million in Q3 2024, primarily due to a 7.7% decrease in attendance[69]. Cash Flow and Liquidity - As of September 26, 2024, total liquidity was $93.9 million, an increase of $14.9 million from $79.0 million in the previous year[85]. - Cash provided by operating activities increased by $52.1 million for the nine months ended September 26, 2024, compared to the same period in 2023, primarily due to a $58.0 million decrease in net loss adjusted for non-cash items[88]. - Cash used in investing activities increased by $36.5 million, mainly due to a $49.5 million addition of cash from the reconsolidation of NCM LLC in Q3 2023[88]. - Cash used in financing activities decreased by $40.0 million, primarily due to the removal of $49.6 million of cash from the deconsolidation of NCM LLC in Q2 2023[88]. Debt and Financial Obligations - The weighted average remaining maturity of the company's debt was 1.9 years, with 100% of borrowings bearing interest at variable rates[85]. - NCM, Inc. expects to use cash balances and future distributions to fund payments associated with the TRA, stock repurchases, and potential dividends[89]. - As of September 26, 2024, NCM LLC owed NCM, Inc. $4.7 million in deferred available cash distribution[89]. - The company does not expect to make a TRA payment in 2024 for the 2023 tax year[89]. Internal Controls and Compliance - The company maintains effective disclosure controls and procedures as of September 26, 2024, ensuring timely decision-making regarding required disclosures[91]. - There were no changes to the internal control over financial reporting during the quarter ended September 26, 2024, that materially affected the company's reporting[91]. - The company does not anticipate any material impact from recently issued accounting pronouncements on its financial statements[91].

Revenue Performance - Total revenue for Q3 2024 was $62.4 million, a decrease of 10.3% compared to $69.6 million in Q3 2023[2] - For the nine months ended September 26, 2024, total revenue increased by 107.7% to $154.5 million compared to $74.4 million for the same period in 2023[4] - Total revenue for the three months ended September 26, 2024, was $62.4 million, down from $69.6 million in the prior year, representing a decline of about 17.3%[22] Advertising Revenue - Scatter revenue increased by 35% year-over-year, indicating strong growth in advertising[1] - The premium Platinum offering has more than doubled since last year, attracting new advertisers[1] - Total advertising revenue (excluding beverage) for the nine months ended September 26, 2024, was $154.5 million, down 8.5% from $168.9 million in the prior year[18] - ESA Party advertising revenue from beverage concessionaire agreements was $4.2 million for the three months ended September 26, 2024, down from $4.7 million in the prior year[18] Operating Performance - Operating loss for Q3 2024 decreased to $7.5 million from $150.7 million in Q3 2023, showing significant improvement[2] - Operating loss for the three months ended September 26, 2024, was $(7.5) million, an improvement from $(150.7) million in the same period last year[18] - The company reported an operating loss of $7.5 million for the three months ended September 26, 2024, compared to an operating loss of $150.7 million for the same period in 2023[22] Adjusted OIBDA - Adjusted OIBDA for Q3 2024 was $8.8 million, down from $11.3 million in Q3 2023[2] - Adjusted OIBDA for the three months ended September 26, 2024, was $8.8 million, representing a margin of 14.1%, compared to $11.3 million and 16.2% in the same period last year[18] - Adjusted OIBDA after integration and encumbered theater payments was $10.0 million for the three months ended September 26, 2024, compared to $12.2 million in the prior year[22] Net Loss - The net loss for Q3 2024 was $3.6 million, or negative $0.04 per diluted share, compared to a net income of $181.8 million, or $2.89 per diluted share, in Q3 2023[3] Future Projections - The company expects Q4 2024 total revenue to be between $82.0 million and $86.0 million, with Adjusted OIBDA projected between $28.0 million and $30.0 million[5] - The company is optimistic about the upcoming film slate for 2025, which is expected to appeal to a diverse demographic[1] Cash and Assets - Cash and cash equivalents increased to $52.5 million as of September 26, 2024, up from $37.6 million as of December 28, 2023[15] - Total assets decreased to $526.1 million as of September 26, 2024, compared to $567.7 million as of December 28, 2023[15] - Total equity decreased to $385.5 million as of September 26, 2024, from $434.5 million as of December 28, 2023[15] Attendance and Screens - Total attendance for the three months ended September 26, 2024, was 121.6 million, a decline of 7.7% from 131.7 million in the prior year[16] - Total screens at period end were 18,141 as of September 26, 2024, compared to 18,489 screens at the end of September 28, 2023[16] Costs and Expenses - Share-based compensation costs for the three months ended September 26, 2024, totaled $3.1 million, up from $1.2 million in the same period last year, marking an increase of 158.3%[23] - Fees and expenses related to the Cineworld proceeding and Chapter 11 case amounted to $2.0 million for the three months ended September 26, 2024, compared to $16.8 million in the prior year[22] - The company incurred $0.2 million in satellite transition costs during the three months ended September 26, 2024, with no such costs reported in the same period of 2023[22] - Integration and encumbered theater payments were $1.2 million for the three months ended September 26, 2024, compared to $0.9 million in the same period last year[22] Non-GAAP Measures - The company has not provided a reconciliation of the forward-looking non-GAAP Adjusted OIBDA measure to forward-looking GAAP operating income due to unpredictability of certain impacts[20]

COMING SOON TO THEATRES 2Q'24 Earnings Supplemental Presentation 20e're all about to lose our minds Forward-looking Statements This presentation contains various forward-looking statements that reflect management's current expectations or beliefs regarding future events, including statements regarding the Company's anticipated future financial performance. Investors are cautioned that reliance on these forward-looking statements involves risks and uncertainties. Although the Company believes that the assump ...

National CineMedia, Inc. (NASDAQ:NCMI) Q2 2024 Earnings Conference Call August 5, 2024 5:00 PM ET Company Participants Chan Park ??? Senior Vice President-Finance Tom Lesinski ??? Chief Executive Officer Ronnie Ng ??? Chief Financial Officer Conference Call Participants Eric Wold ??? B. Riley Securities Jim Goss ??? Barrington Research Mike Hickey ??? The Benchmark Company Operator Good day, and welcome to the National CineMedia, Inc. Second Quarter 2024 Earnings Conference Call. Today's conference is bein ...