National Cinemedia (NCMI)
NASDAQ:NCMI
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Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.08Last Year’s EPS
-0.11Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed a company with strengthening demand fundamentals and several strategic initiatives underway—attendance growth, premium inventory gains (Platinum), accelerating programmatic adoption, NCMx product integrations, an AMC lobby display partnership, and a targeted operational transformation with an $11 million annualized cost-savings goal. These positives support improved cash flow and a solid liquidity position and underpin Q2 guidance for positive adjusted OIBDA. Offsetting factors include a negative adjusted OIBDA and an operating loss in Q1, expense pressure from higher exhibitor fees and one-time transformation costs, deal concentration effects from the Spotlight integration, and near-term variability from major sporting events. Overall, management communicated confidence in a constructive trajectory backed by product and cost actions, while acknowledging short-term headwinds and seasonality.Company Guidance
Attendance and Box Office Momentum
Reported attendance reached 83 million in Q1, up 15% year-over-year, while the domestic box office grew approximately 25% YoY. Adjusting for a one-week fiscal calendar shift and including Spotlight, attendance would have been up ~18% on a comparable basis.
Advertising Demand and Category Strength
Total advertising revenue was $31.9 million, roughly in line with the prior year. National revenue of $27.5 million showed resilience with strength in insurance, automotive, media, and pharmaceuticals; NCM's legacy network national revenue grew ~2% vs. prior year (calendar-adjusted).
Premium Inventory Performance (Platinum)
Platinum inventory performed strongly: on a calendar-adjusted basis Platinum revenue was up 83% versus the prior year and revenue per attendee for Platinum was up over 54% for the same period, reflecting improved monetization of premium placements.
Programmatic and Product Progress (NCMx)
Programmatic adoption accelerated with approximately 2x more programmatic orders versus the prior-year period. NCM continued product expansion (NCMx) including a new VideoAmp partnership and extension of NCMx coverage to Spotlight inventory, integrating cinema into cross-platform planning.
Strategic Exhibitor Partnership and Inventory Expansion
Announced partnership to deploy large digital lobby displays across ~77% of AMC theaters (high-traffic locations) expected to expand digital out-of-home budgets and create incremental inventory largely in video format, complementing core cinema offerings.
Operational Transformation and Cost Savings Plan
Launched an operational transformation expected to generate approximately $11 million in annualized cost savings (measured against 2025 adjusted SG&A pro forma with Spotlight). $3 million of annualized savings have already been actioned; up to $6 million of savings expected in full-year 2026 with full run-rate reflected in 2027.
Improved Cash Flow and Strong Balance Sheet
Unlevered free cash flow improved to $18.1 million in Q1 from $5.5 million in the prior-year period. Quarter-end liquidity included $51.6 million in cash, cash equivalents, restricted cash and marketable securities, with total debt of $12 million.
Shareholder Returns
Announced a $0.03 per share quarterly dividend ($2.8 million) and repurchased ~210,000 shares for ~$820,000 (average price $3.93) in Q1, demonstrating continued commitment to returning capital while prioritizing investment opportunities.
Positive Forward Guidance
Provided Q2 guidance of $57–$63 million revenue and adjusted OIBDA of $1–$5 million, reflecting expectations for year-over-year attendance growth and improved monetization tied to a strong film slate.
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 |
|---|---|---|---|
May 12, 2026 | $3.35 | $2.95 | -11.84% |
Feb 26, 2026 | $3.44 | $3.49 | +1.42% |
Oct 30, 2025 | $3.94 | $4.30 | +9.40% |
Aug 05, 2025 | $4.39 | $4.54 | +3.30% |
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 Aug 10, 2026, After Close (Confirmed).
What is National Cinemedia (NCMI) earnings time?
National Cinemedia (NCMI) earnings time is at Aug 10, 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 (Q2) is -0.08.