National CineMedia(NCMI)2025-05-06 20:07Financial Performance - Total revenue for Q1 2025 decreased by 6.7% to 37.4 million in Q1 2024[3] - Operating loss increased to 0.32 per diluted share, for Q1 2025, compared to a loss of 0.36 per diluted share, in Q1 2024[3] - Adjusted OIBDA for Q1 2025 was negative 5.7 million in Q1 2024[3] - Total revenue for the quarter ended March 27, 2025, was 37.4 million in the same quarter of the previous year[22] - Adjusted OIBDA for the quarter was (5.7) million in the prior year, indicating a worsening of 57.9%[22] - The operating loss increased to (22.7) million, a rise of 5.3% year-over-year[22] - Loss per share (diluted) was (0.36) in the same quarter last year[22] - Adjusted loss per share (diluted) was (0.19) in the prior year, indicating a deterioration of 26.3%[22] Attendance and Screen Count - Total attendance for Q1 2025 was 72.3 million, down from 75.8 million in Q1 2024[19] - Total attendance decreased to 72.3 million from 75.8 million, representing a decline of 7.3%[22] - The number of total screens at the end of Q1 2025 was 17,875, a decrease from 18,297 screens in Q1 2024[19] Cash and Assets - Cash, cash equivalents, and marketable securities decreased to 78.2 million at the end of 2024[17] - Total assets decreased to 568.6 million at the end of 2024[17] Advertising Revenue - Total advertising revenue (excluding beverage) was 34.8 million, reflecting a decline of 7.2% year-over-year[22] - National advertising revenue per attendee was 0.389, a decrease of 2.6%[22] - Local and regional advertising revenue per attendee was 0.070, reflecting a decline of 2.9%[22] Future Expectations - For Q2 2025, the company expects total revenue between 61.0 million, with Adjusted OIBDA ranging from 7.5 million[5] Strategic Partnerships - A new long-term agreement with AMC Theatres extends the partnership through 2042, aligning payment structures with performance metrics[6] Dividend Declaration - The company declared a cash dividend of 2.8 million, to be paid on May 30, 2025[4]