NASDAQ$NCMI

National CineMedia Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported a revenue increase and improved operating and net losses compared to the same quarter last year.

National CineMedia, Inc. reported a 71.9% increase in total revenue for Q3 2022, reaching $54.5 million compared to $31.7 million in Q3 2021. The company also improved its operating loss to $4.2 million and net loss to $8.9 million, or $0.11 per diluted share.

  • Total revenue increased by 71.9% to $54.5 million compared to the same quarter last year.
  • Operating loss improved to $4.2 million from $18.7 million in the third quarter of 2021.
  • Net loss was $8.9 million, or $0.11 per diluted share, compared to a net loss of $15.2 million, or $0.19 per diluted share, for the third quarter of 2021.
  • Adjusted OIBDA improved to $7.0 million from negative $8.2 million for the third quarter of 2021.

Headline financials

Total Revenue

$54.5M

Previous: $31.7M+71.9%
EPS (adj)

-$1.30

Previous: -$1.90+31.6%
Adjusted OIBDA

$7M

Previous: -$8.2M+185.4%
Total Attendance

106.6M

Previous: 75.7M+40.8%
Nat'l Ad Rev per Attendee

$0.37

No prior period
Local Ad Rev per Attendee

$0.09

No prior period
Ad Rev per Attendee

$0.46

No prior period
Total Rev per Attendee

$0.51

No prior period
Capital Expenditures

-$2M

Previous: -$3.9M+48.7%
Free Cash Flow

-$10.9M

Previous: -$19.1M+42.9%
Net Income

-$8.9M

Previous: -$15.2M+41.4%
Operating Income

-$4.2M

Previous: -$18.7M+77.5%
Gross Profit

$48.2M

Previous: $26.5M+81.9%
Cash & Equivalents

$73.5M

Previous: $110M-33.2%
Total Assets

$775M

Previous: $820M-5.5%
Stock-Based Comp

$2.1M

Previous: $1.7M+23.5%

Revenue & EPS history

National CineMedia · Revenue · Quarterly

$54.5M

Q3 2022+71.9%vs Q3 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

National CineMedia · $49.5M total across 2 segments · Q3 2022

  • National Advertising
    $39.7M
  • Local and Regional
    $9.8M

Forward guidance

The Company expects to earn total revenue of $85.0 million to $95.0 million for the fourth quarter of 2022, compared to total revenue for the fourth quarter 2021 of $63.5 million and Adjusted OIBDA in the range of $32.0 million to $42.0 million for the fourth quarter of 2022 compared to Adjusted OIBDA for the fourth quarter 2021 of $18.4 million.

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 Q3 2022

Historical avgQ3 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

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%-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%

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