---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-034629"
form_type: "8-K"
ticker: "NCMI"
cik: "0001377630"
company_name: "National CineMedia, Inc."
filed_at: "2025-03-06T23:59:59+00:00"
generated_at: "2026-05-25T05:39:19.234757+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# National CineMedia Q4 revenue $86.3M, down 5.1% YoY; Q1 guidance $34-36M with negative OIBDA

## Summary
- Q4 net income $24.7M ($0.26 EPS) vs $23.7M ($0.24 EPS) in prior year.
- Full year NCM LLC revenue $240.8M, down 7.3% YoY; net loss $22.3M ($0.23 loss per share).
- Q1 2025 guidance: revenue $34-36M, Adjusted OIBDA negative $9.5M to -$7.5M.
- Adjusted OIBDA Q4 $35.0M, down from $39.8M; operating income $20.0M, down from $21.3M.
- CEO cites record-breaking films Wicked and Moana 2; government spending and tariff uncertainty cited as Q1 headwinds.

## SEC filing metadata
- accession: 0000950170-25-034629
- form_type: 8-K
- ticker: NCMI
- cik: 0001377630
- company_name: National CineMedia, Inc.
- filed_at: 2025-03-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377630/000095017025034629/0000950170-25-034629-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377630/000095017025034629/ncmi-20250306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-034629
- JSON: https://secwatch.observer/filing/0000950170-25-034629.json
- Plain text: https://secwatch.observer/filing/0000950170-25-034629.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.