earnings
confidence high
sentiment neutral
materiality 0.65
National CineMedia Q1 revenue up 7.2% to $37.4M, net loss narrows; Q2 guidance below prior year
National CineMedia, Inc.
2024-Q1 EPS reported
-$0.36
revenue$37,400,000
- Revenue $37.4M (up 7.2% YoY); operating loss improved to $22.7M from $30.6M.
- Net loss $34.7M ($0.36 diluted loss) vs $45.5M ($3.13 loss) a year ago; adjusted loss $0.19/share.
- Adjusted OIBDA improved to -$5.7M from -$10.9M; highest free cash flow in 15 quarters.
- Q2 2024 guidance: revenue $49.5M-$51.5M (vs $64.4M Q2 2023), Adj. OIBDA $3.5M-$4.5M (vs $12.5M).
- Upfront revenue up 16%, scatter revenue doubled; total revenue per attendee up 26% YoY.