National CineMedia Q1 2024 Earnings Report
Key Takeaways
National CineMedia's Q1 2024 revenue increased by 7.2% year-over-year to $37.4 million, marking the highest first quarter since the pandemic. The company's operating loss improved to $22.7 million, and it generated its highest free cash flow in the last 15 quarters.
Total revenue increased by 7.2% compared to the prior year.
Operating loss improved from $30.6 million to $22.7 million year-over-year.
Upfront revenue was up 16% and scatter revenue doubled year-over-year
The company generated its highest free cash flow in the last 15 quarters.
National CineMedia
National CineMedia
National CineMedia Revenue by Segment
Forward Guidance
The Company expects to earn total revenue of $49.5 million to $51.5 million, compared to NCM LLC’s total revenue for the second quarter 2023 of $64.4 million, and Adjusted OIBDA in the range of $3.5 million to $4.5 million for the second quarter of 2024, compared to NCM LLC’s Adjusted OIBDA for the second quarter 2023 of $12.5 million.