NASDAQ$NCMI
National CineMedia Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported consolidated results with revenue increasing and operating income improving.
National CineMedia, Inc. reported a significant increase in revenue for the second quarter of 2022, driven by increased theater attendance and a stronger film slate. Total revenue increased by 379.3% compared to the same quarter last year, and operating income improved from a loss to a gain. The company's adjusted OIBDA also showed substantial improvement, and the management guides to first full year of positive AOIBDA since the pandemic began.
- Total revenue increased 379.3% to $67.1 million compared to Q2 2021.
- Operating income improved to $5.6 million from an operating loss of $29.6 million in Q2 2021.
- Adjusted OIBDA improved to $15.1 million from negative $18.7 million in Q2 2021.
- Net loss was $0.7 million, or $0.01 per diluted share, compared to a net loss of $22.7 million, or $0.28 per diluted share, in Q2 2021.
Headline financials
Revenue & EPS history
National CineMedia · Revenue · Quarterly
$67.1M
Revenue by segment
National CineMedia · $61.2M total across 2 segments · Q2 2022
- National Advertising$50.7M—82.8%
- Local and Regional$10.5M—17.2%
Forward guidance
The Company expects to earn total revenue of $53.0 million to $57.0 million for the third quarter of 2022 and Adjusted OIBDA in the range of $3.0 million to $7.0 million. For the full year 2022, the Company expects to earn total revenue of $265.0 million to $285.0 million and Adjusted OIBDA in the range of $58.0 million to $75.0 million.
Tailwinds
- Continued growth in the cinema advertising business is expected.
- Strong film slate anticipated, especially moving into the fourth quarter with several blockbuster releases planned.
- Monthly box office reached nearly $1 billion in June, resulting in NCM achieving pre-pandemic level AOIBDA margins.
- The second quarter demonstrated, that with a strong film slate, large audiences will return to the theaters.
- Company expects to earn total revenue of $265.0 million to $285.0 million for the full year 2022.
Headwinds
- Variants of the COVID-19 virus continue to circulate throughout the United States and may lead to increased health and safety regulations and restrictions.
- Impacts from post-production delays.
- Future market uncertainties.
- Lower revenue levels.
- The Company is currently unable to forecast precisely the timing and/or magnitude of any such amounts or events.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
+2.5%
Avg return
Earnings day
+3.6%
Avg return
5 days after
-0.8%
Avg return
30 days after
43%
28 / 65 earnings
Positive
+232.3%
Q4 2022
Best reaction
-27.2%
Q1 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.9% | -19.5% | — | |
| Q4 2025 | +1.4% | +1.4% | -13.4% | |
| Q3 2025 | +0.7% | -9.3% | -3.7% | |
| Q1 2025 | -11.6% | -12.1% | -10.5% | |
| Q4 2024 | -17.8% | -12.9% | -9.9% | |
| Q3 2024 | -8.3% | -11.5% | -0.1% | |
| Q2 2024 | +11.1% | +7.4% | +20.1% | |
| Q1 2024 | +0.9% | -1.5% | +11.4% | |
| Q4 2023 | +19.3% | +32.8% | +5.0% | |
| Q3 2023 | +6.1% | +2.7% | -2.9% | |
| Q2 2023 | +2.4% | -6.5% | +33.2% | |
| Q1 2023 | +3.9% | +0.0% | +12.9% | |
| Q4 2022 | +232.3% | +169.2% | +146.2% | |
| Q3 2022 | +31.3% | +38.1% | -7.1% | |
| Q2 2022 | -19.4% | +2.3% | -35.3% | |
| Q1 2022 | -22.4% | -31.7% | -38.0% | |
| Q4 2021 | -10.7% | -11.7% | -16.7% | |
| Q3 2021 | -1.3% | +0.3% | -25.5% | |
| Q2 2021 | -6.0% | -14.7% | -19.7% | |
| Q1 2021 | -2.7% | +2.1% | -88.4% | |
| Q4 2020 | -2.5% | +26.1% | -4.8% | |
| Q3 2020 | +7.3% | +4.0% | +99.5% | |
| Q2 2020 | +15.8% | +20.2% | +45.7% | |
| Q1 2020 | -5.5% | +3.6% | +1.6% | |
| Q4 2019 | +18.2% | +5.9% | -66.0% | |
| Q3 2019 | -16.6% | -10.1% | -20.5% | |
| Q2 2019 | -3.3% | -0.6% | +16.4% | |
| Q1 2019 | +6.4% | +6.7% | -8.0% | |
| Q4 2018 | +11.8% | +6.5% | +2.5% | |
| Q3 2018 | -15.7% | -12.9% | -19.9% | |
| Q2 2018 | -0.9% | +5.2% | +7.8% | |
| Q1 2018 | +21.9% | +29.6% | +30.3% | |
| Q4 2017 | -10.0% | -17.5% | -20.1% | |
| Q3 2017 | -12.6% | -16.1% | -2.1% | |
| Q2 2017 | -6.5% | -17.0% | -19.4% | |
| Q1 2017 | -27.2% | -28.7% | -38.3% | |
| Q4 2016 | -5.5% | +0.4% | -1.9% | |
| Q3 2016 | +3.9% | +13.0% | +13.8% | |
| Q2 2016 | -4.7% | -3.4% | -5.6% | |
| Q1 2016 | -2.6% | — | — | |
| Q4 2015 | -3.4% | — | — | |
| Q3 2015 | +5.7% | — | — | |
| Q2 2015 | -2.5% | — | — | |
| Q1 2015 | +6.8% | — | — | |
| Q4 2014 | +0.7% | — | — | |
| Q3 2014 | +13.0% | — | — | |
| Q2 2014 | -13.1% | — | — | |
| Q1 2014 | -4.1% | — | — | |
| Q4 2013 | -13.4% | — | — | |
| Q3 2013 | -7.5% | — | — | |
| Q2 2013 | +5.2% | — | — | |
| Q1 2013 | +7.8% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q4 2012 | -2.9% | — | — | |
| Q3 2012 | -10.0% | — | — | |
| Q2 2012 | +1.6% | — | — | |
| Q1 2011 | -6.4% | — | — | |
| Q1 2012 | -0.1% | — | — | |
| Q4 2009 | +4.2% | — | — | |
| Q3 2011 | +10.0% | — | — | |
| Q3 2010 | +10.0% | — | — | |
| Q4 2010 | -6.4% | — | — | |
| Q2 2010 | -6.4% | — | — | |
| Q2 2011 | -6.4% | — | — | |
| Q1 2010 | +2.0% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro