National CineMedia(NCMI)

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National CineMedia(NCMI) - 2024 Q3 - Quarterly Results
2024-11-05 21:05
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]
National CineMedia(NCMI) - 2024 Q2 - Earnings Call Presentation
2024-08-09 07:26
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(NCMI) - 2024 Q2 - Earnings Call Transcript
2024-08-09 03:53
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 ...
National CineMedia(NCMI) - 2024 Q2 - Quarterly Report
2024-08-05 20:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 27, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33296 NATIONAL CINEMEDIA, INC. (Exact name of registrant as specified in its charter) Delaware 20-5665602 (State or Other Jurisdiction of I ...
National CineMedia(NCMI) - 2024 Q2 - Quarterly Results
2024-08-05 20:12
Exhibit 99.1 National CineMedia, Inc. Reports Results for Fiscal Second Quarter 2024 Revenue of $54.7 million exceeds guidance Advertising revenue per attendee reaches $0.56, surpassing 2019 levels National advertising revenue per attendee up 37% year-over-year Centennial, CO - August 5, 2024 - National CineMedia, Inc. (NASDAQ: NCMI) ("the Company" or "NCM"), the managing member and owner of approximately 100% National CineMedia, LLC (NCM LLC), the operator of the largest cinema advertising network reaching ...
National CineMedia (NCMI) Upgraded to Buy: What Does It Mean for the Stock?
zacks.com· 2024-05-29 17:01
National CineMedia (NCMI) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system ...
Is National CineMedia (NCMI) Outperforming Other Business Services Stocks This Year?
zacks.com· 2024-05-17 14:41
Another stock in the Business Services sector, FiscalNote Holdings, Inc. (NOTE) , has outperformed the sector so far this year. The stock's year-to-date return is 30.7%. In FiscalNote Holdings, Inc.'s case, the consensus EPS estimate for the current year increased 16% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, National CineMedia belongs to the Advertising and Marketing industry, a group that includes 18 individual stocks and currently sits at #144 i ...
National CineMedia(NCMI) - 2024 Q1 - Earnings Call Transcript
2024-05-07 03:36
National CineMedia, Inc. (NASDAQ:NCMI) Q1 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Chan Park - VP, 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., Q1 2024 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I wou ...
National CineMedia (NCMI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-05-06 23:01
For the quarter ended March 2024, National CineMedia (NCMI) reported revenue of $34.8 million, down 0.3% over the same period last year. EPS came in at -$0.19, compared to -$3.10 in the year-ago quarter.The reported revenue represents a surprise of +0.19% over the Zacks Consensus Estimate of $34.73 million. With the consensus EPS estimate being -$0.08, the EPS surprise was -137.50%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...
National CineMedia(NCMI) - 2024 Q1 - Quarterly Report
2024-05-06 20:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ FORM 10-Q ____________________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 28, 2024 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33296 _____________________________________________ N ...