National CineMedia (NCM) delivered a strong fourth quarter with revenue growth of 8% to $93.2 million, outperforming theater attendance growth. The company saw operating income rise to $23.8 million and net income reach $29.3 million. Despite a full-year net loss, the company's Q4 performance exceeded guidance for Adjusted OIBDA and showed improved advertiser demand heading into a promising 2026 film slate.
Q4 revenue grew 8% year-over-year to $93.2 million, driven by strong advertiser demand that outpaced theater attendance.
Operating income for the quarter increased to $23.8 million compared to $20.0 million in the prior year period.
Adjusted OIBDA of $37.2 million exceeded company guidance and improved from $35.0 million in Q4 2024.
The company declared a cash dividend of $0.03 per share, reflecting confidence in its financial position and 2026 outlook.
For Q1 2026, NCM expects revenue between $32.5 million and $36.5 million, with a projected Adjusted OIBDA loss.
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