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Dec 28, 2023
National CineMedia Q4 2023 Earnings Report
National CineMedia's Q4 2023 performance was marked by stable revenue, increased national advertising revenue, and a significant share repurchase program announcement.
Key Takeaways
National CineMedia, Inc. reported flat revenue compared to Q4 2022. The company highlighted a 43% increase in active national advertisers and record revenue per attendee. A new $100 million share repurchase program was announced.
Total operating revenue remained approximately flat at $90.9 million.
National advertising revenue increased by 2% to $71.9 million.
Operating income decreased to $20.5 million, compared to $28.1 million in Q4 2022.
A $100 million share repurchase program was approved by the board of directors.
Forward Guidance
For the first quarter of 2024, NCM, Inc. expects to earn total revenue of $34.5 million to $35.5 million, compared to total revenue for the first quarter 2023 of $34.9 million, and adjusted OIBDA in the range of negative $7.5 million to $6.5 million, compared to adjusted OIBDA for the first quarter 2023 of negative $10.9 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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