M&A
confidence high
sentiment neutral
materiality 0.80
NCM Q2 revenue up 12.7% to $58.4M; to acquire Captivate for $275M
National CineMedia, Inc.
- Q2 revenue $58.4M (+12.7% YoY); net loss $9.9M vs $10.7M, EPS -$0.11 flat.
- Adjusted OIBDA rose to $2.1M from $0.7M YoY; operating loss widened to $12.8M from $12.0M.
- Definitive agreement to acquire Captivate at $275M enterprise value; funded with new committed term debt.
- Transaction expected to close H2 2026; NCM pauses quarterly dividend program; no forward outlook.
- Expects >$3.5M annual run-rate cost synergies within first year after close.