Press Releases

Third quarter AOIBDA at top end of guidance and exceeds consensus estimates Upfront advertising tracking towards strong finish at 85% of the historical average National CineMedia, Inc. (NASDAQ: NCMI) (the Company), the managing member and owner of 47.5% 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 third quarter ended September 29, 2022. Q3 2022 Results Total revenue for the third quarter ended September 29, 2022 increased 71.9% to $54.5 million as compared to $31.7 million for the comparable quarter last year. Operating loss improved to $4.2 million for the third quarter of 2022 from operating loss of $18.7 million for the third quarter of 2021. Adjusted OIBDA, a non-GAAP measure, improved to $7.0 million for the third quarter of 2022 from negative $8.2 million for the third quarter of 2021. Net loss for the third quarter of 2022 was $8.9 million,