National CineMedia Q4 2023 Earnings Report
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.
National CineMedia
National CineMedia
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.