National CineMedia Q3 2022 Earnings Report
Key Takeaways
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.
National CineMedia
National CineMedia
National CineMedia Revenue by Segment
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.