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National Cinemedia (NCMI)
NASDAQ:NCMI
Earnings Data
Report Date
May 11, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.25Last Year’s EPS
-0.32Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a mixed but constructive tone: Q4 showed clear operational and commercial momentum (revenue up ~8% YoY, Q4 adjusted OIBDA up 6%, strong programmatic +100% and self-serve +64% growth, and improved impressions sold per attendee), alongside strategic gains (AMC agreement, Spotlight acquisition, and product investments). However, full-year profitability (adjusted OIBDA) and cash flow were weaker year-over-year, attendance normalized lower when adjusting for the extra week, local revenue fell for the year, and management provided cautious Q1 guidance with negative OIBDA expectations. Overall, the company presented substantive growth levers and early signs of 2026 upside while acknowledging near-term financial and calendar-related headwinds.Company Guidance
Fourth Quarter Revenue Growth
Total Q4 revenue of $93.2 million, up ~8% year-over-year and in line with guidance; advertising revenue up ~9% year-over-year (~$90M), outpacing attendance growth.
Improved Profitability in Q4
Q4 adjusted OIBDA of $37.2 million, exceeding guidance and up 6% versus prior year, driven by stronger revenue and inventory monetization.
Strong Programmatic and Self-Serve Momentum
Programmatic revenue increased 100% year-over-year and the number of programmatic advertisers grew 2.4x; self-serve revenue grew 64% year-over-year.
Inventory Monetization and Engagement Gains
National impressions sold per attendee increased 27% year-over-year in Q4 (Platinum impressions +72% per attendee; post-show impressions +53% per attendee), and national revenue per attendee rose to $0.71 (comparable +10% YoY).
Strategic Partnerships and Network Expansion
Executed extended agreement with AMC standardizing national footprint and acquired Spotlight (November) to add premium luxury screens and audiences, diversifying ad inventory and appeal to high-end advertisers.
Category and Campaign Wins
Advertiser demand drove growth across retail, wireless, travel, entertainment & media, pharma, and technology; 18 advertisers placed campaigns at or above $1 million in Q4.
Full-Year Revenue Slightly Positive
Full year 2025 total revenue of $243.2 million, up 1% versus 2024; national advertising revenue increased 3.5% to $194.5 million.
Shareholder Returns and Capital Deployment
Returned approximately $33.6 million to shareholders in 2025 (including $11.3 million in dividends and $22.3 million in share repurchases); repurchased 4.1 million shares at an average price of $5.41.
Early Visibility and Positive Outlook for 2026 Slate
Management cites encouraging early demand indicators for 2026 and a robust, balanced film slate (e.g., Super Mario Galaxy, The Odyssey, Avengers: Doomsday) expected to support advertiser bookings and campaign planning.
NCMI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NCMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $3.51 | $3.56 | +1.42% |
Oct 30, 2025 | $4.01 | $4.39 | +9.48% |
Aug 05, 2025 | $4.47 | $4.62 | +3.36% |
May 06, 2025 | $5.68 | $5.03 | -11.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does National Cinemedia (NCMI) report earnings?
National Cinemedia (NCMI) is schdueled to report earning on May 11, 2026, After Close (Confirmed).
What is National Cinemedia (NCMI) earnings time?
National Cinemedia (NCMI) earnings time is at May 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NCMI EPS forecast?
NCMI EPS forecast for the fiscal quarter 2026 (Q1) is -0.25.