Financial Performance - 1Q'25 revenue reached $34.9 million, falling within the guidance range of $34.0 million to $36.0 million[16, 18] - Total revenue decreased by 7% primarily due to lower attendance[16] - Adjusted OIBDA for 1Q'25 was $(9.0) million, within the guidance range of $(9.5) million to $(7.5) million[16, 18] - Adjusted OIBDA decreased by $3.3 million year-over-year due to lower revenue and slightly higher adjusted operating expenses[16] - Adjusted operating expenses increased by 2%, reaching $43.9 million in 1Q'25 compared to $43.1 million in 1Q'24[16] Strategic Initiatives - NCM entered into a revised agreement with AMC, extending the term by five years through 2042[16] - The revised agreement with AMC includes an improved advertising show structure and modernized lobby advertising[16] - NCM and AMC agreed to terminate the joint venture agreements and dismiss ongoing litigation[16] Capital Allocation - NCM repurchased 2.3 million shares YTD through April 2025 at an average price of $6.06 per share, totaling approximately $14 million[16] - Since the launch of the share repurchase program, NCM has repurchased 4.8 million shares at an average price of $5.60 per share, totaling approximately $27 million[16] - A quarterly dividend of $0.03 per share was announced on May 6, 2025, amounting to $2.8 million[16]