NASDAQ$NCMI

National CineMedia Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

National CineMedia's financial performance was reported for Q2 2024, with revenue exceeding guidance and advertising revenue per attendee surpassing 2019 levels.

National CineMedia, Inc. reported a total revenue of $54.7 million for the second quarter ended June 27, 2024. The advertising revenue per attendee reached $0.56, surpassing 2019 levels. However, the operating loss increased to $9.3 million, and the net loss was $8.7 million, or negative $0.09 per diluted share.

  • Total revenue for Q2 2024 was $54.7 million.
  • Advertising revenue per attendee reached $0.56, exceeding 2019 levels.
  • Operating loss increased to $9.3 million for Q2 2024.
  • Net loss for Q2 2024 was $8.7 million, or negative $0.09 per diluted share.

Headline financials

Total Revenue

$54.7M

Previous: $14.8M+269.6%
EPS

-$0.09

Previous: -$0.70+87.1%
Adjusted OIBDA

$7.6M

No prior period
Adjusted OIBDA Margin

13.9%

No prior period
Total Attendance

92.8M

No prior period
Nat'l Ad Rev per Attendee

$0.45

No prior period
Local Ad Rev per Attendee

$0.11

No prior period
Total Screens

18.3K

No prior period
ESA Party Screens

9.6K

No prior period
ESA Party Attendance

57.6M

No prior period
Capital Expenditures

$1M

No prior period
Ad Rev per Attendee

$0.56

No prior period
Total Rev per Attendee

$0.59

No prior period
Free Cash Flow

-$11.5M

Previous: $544M-102.1%
Net Income

-$8.7M

Previous: $545M-101.6%
Operating Income

-$9.3M

Previous: -$4.9M-89.8%
Gross Profit

$51M

Previous: $13.8M+269.6%
Cash & Equivalents

$53.8M

Previous: $15.5M+247.1%
Total Assets

$527M

Previous: $43.4M+1114.7%
Stock-Based Comp

$3.5M

Previous: $500K+600.0%

Revenue & EPS history

National CineMedia · Revenue · Quarterly

$54.7M

Q2 2024+269.6%vs Q2 2023
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

National CineMedia · $57.7M total across 2 segments · Q2 2023

  • National Advertising
    $44.3M-12.6%
  • Local and Regional
    $13.4M+27.6%

Forward guidance

NCM LLC expects to earn total revenue of $56.0 million to $58.0 million for Q3 2024, compared to $69.6 million for Q3 2023. Adjusted OIBDA is expected to be in the range of $6.0 million to $8.0 million for Q3 2024, compared to $11.3 million for Q3 2023.

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 2024

Historical avgQ2 2024

+2.5%

Avg return

Earnings day

+3.6%

Avg return

5 days after

+1.9%

Avg return

30 days after

43%

28 / 65 earnings

Positive

+232.3%

Q4 2022

Best reaction

-27.2%

Q1 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (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%+16.3%
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 2010+10.0%
Q3 2011+10.0%
Q4 2010-6.4%
Q2 2011-6.4%
Q2 2010-6.4%
Q1 2010+2.0%

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