---
schema_version: "secwatch.filing_event.v1"
accession: "0001377630-24-000075"
form_type: "8-K"
ticker: "NCMI"
cik: "0001377630"
company_name: "National CineMedia, Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:52:56.581263+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# National CineMedia Q1 revenue up 7.2% to $37.4M, net loss narrows; Q2 guidance below prior year

## Summary
- 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.

## SEC filing metadata
- accession: 0001377630-24-000075
- form_type: 8-K
- ticker: NCMI
- cik: 0001377630
- company_name: National CineMedia, Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377630/000137763024000075/0001377630-24-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377630/000137763024000075/ncmllc-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001377630-24-000075
- JSON: https://secwatch.observer/filing/0001377630-24-000075.json
- Plain text: https://secwatch.observer/filing/0001377630-24-000075.txt

## Key facts
- Earnings Releases
  National CineMedia, Inc. reported fiscal first quarter ended March 28, 2024 results: revenue $37.4 million, net income $34.7 million, EPS negative $0.36 per diluted share. Guidance initiated.
  - Period: fiscal first quarter ended March 28, 2024
  - Revenue: $37.4 million
  - Net income: $34.7 million
  - EPS: negative $0.36 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: Total revenue for the first quarter, ended March 28, 2024, increased 7.2% to $37.4 million as compared to $34.9 million for the comparable quarter last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377630/000137763024000075/0001377630-24-000075-index.htm

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