---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-344665"
form_type: "8-K"
ticker: "NCMI"
cik: "0001377630"
company_name: "National CineMedia, Inc."
filed_at: "2026-08-11T20:11:55+00:00"
generated_at: "2026-08-11T20:13:15.705041+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NCM Q2 revenue up 12.7% to $58.4M; to acquire Captivate for $275M

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-344665
- form_type: 8-K
- ticker: NCMI
- cik: 0001377630
- company_name: National CineMedia, Inc.
- filed_at: 2026-08-11T20:11:55+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377630/000119312526344665/0001193125-26-344665-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377630/000119312526344665/ncmi-20260811.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-344665
- JSON: https://secwatch.observer/filing/0001193125-26-344665.json
- Plain text: https://secwatch.observer/filing/0001193125-26-344665.txt

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