Press Releases
August 8, 2022 at 8:05:00 PM
National CineMedia, Inc. Reports Results for Fiscal Second Quarter 2022
Second Quarter Revenue and AOIBDA exceeds Consensus Estimates Management guides to first full year of positive AOIBDA since the pandemic began National CineMedia, Inc. (NASDAQ: NCMI) (the Company), the managing member and owner of 47.4% of National CineMedia, LLC (NCM LLC), the operator of the largest cinema advertising network reaching movie audiences in the U.S., announced today consolidated results for the fiscal second quarter ended June 30, 2022. Q2 2022 Results Total revenue for the second quarter ended June 30, 2022 increased 379.3% to $67.1 million as compared to $14.0 million for the comparable quarter last year. Operating income improved to $5.6 million for the second quarter of 2022 from operating loss of $29.6 million for the second quarter of 2021. Adjusted OIBDA, a non-GAAP measure, improved to $15.1 million for the second quarter of 2022 from negative $18.7 million for the second quarter of 2021. Net loss for the second quarter of 2022 was $0.7 million, or $0.01 per