---
schema_version: "secwatch.filing_event.v1"
accession: "0001377630-24-000041"
form_type: "8-K"
ticker: "NCMI"
cik: "0001377630"
company_name: "National CineMedia, Inc."
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T14:49:40.247484+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NCM reports Q4 revenue $90.9M flat YoY; announces $100M share repurchase

## Summary
- Q4 revenue $90.9M flat YoY; adjusted OIBDA $39.8M vs $42.1M; EPS $0.24 vs $0.60.
- FY 2023 NCM LLC revenue $259.8M (+4% YoY); adjusted OIBDA $52.7M vs $57.3M.
- Board approved $100M share repurchase program through April 2027.
- Q1 2024 guidance: revenue $34.5-35.5M; adjusted OIBDA -$7.5M to -$6.5M, improved from -$10.9M YoY.

## SEC filing metadata
- accession: 0001377630-24-000041
- form_type: 8-K
- ticker: NCMI
- cik: 0001377630
- company_name: National CineMedia, Inc.
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377630/000137763024000041/0001377630-24-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377630/000137763024000041/ncmllc-20240318.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001377630-24-000041
- JSON: https://secwatch.observer/filing/0001377630-24-000041.json
- Plain text: https://secwatch.observer/filing/0001377630-24-000041.txt

## Key facts
- Earnings Releases
  National CineMedia, Inc. reported full year 2023 results: revenue $259.8 million.
  - Period: full year 2023
  - Revenue: $259.8 million
  - Result: reported results
  source text: expense due to the cancellation of historical debt after NCM LLC’s emergence from bankruptcy. FY 2023 NCM LLC Results 1 For fiscal year 2023, NCM LLC delivered total revenue of $259.8 million, up 4% compared to $249.2 million in fiscal year 2022. NCM LLC’s national advertising revenue increased to $190.1 million, up 2% compared to revenue of $187.2 million in fiscal
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377630/000137763024000041/0001377630-24-000041-index.htm
- Earnings Releases
  National CineMedia, Inc. reported fiscal fourth quarter ended December 28, 2023 results: revenue $90.9 million, net income $23.7 million, EPS $0.24.
  - Period: fiscal fourth quarter ended December 28, 2023
  - Revenue: $90.9 million
  - Net income: $23.7 million
  - EPS: $0.24
  - Result: reported results
  source text: repurchase program may be modified, suspended, or discontinued at any time. Q4 2023 NCM LLC Results 1 In the fourth quarter of 2023, NCM LLC delivered total operating revenue of $90.9 million, approximately flat compared to $91.7 million in the fourth quarter of 2022. NCM LLC’s national advertising revenue increased to $71.9 million, up 2% compared to $70.4 million in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377630/000137763024000041/0001377630-24-000041-index.htm
- Material Agreements
  National CineMedia, Inc. amended Sixth Amendment (effective 2024-03-18).
  - Action: amendment
  - Effective: 2024-03-18
  source text: On March 18, 2024 National CineMedia, LLC (“NCM LLC”) entered into a Sixth Amendment (the “LLC Agreement Amendment”) to NCM LLC’s Third Amended and Restated Limited Liability Company Operating Agreement (the “LLC Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377630/000137763024000041/0001377630-24-000041-index.htm

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