National CineMedia
Sells on-screen, lobby, digital, and out-of-home advertising around moviegoing audiences.
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Profile
Runs a U.S. cinema-advertising network built around The Noovie Show, CineLife, lobby promotions, NCMx digital products, and digital out-of-home inventory. Revenue comes from national, regional, local, and exhibitor-related advertising, with theater access shaped by long-term exhibitor and affiliate agreements.
Sells advertising around theater audiences through The Noovie Show, CineLife Show, the Lobby Entertainment Network, lobby promotions, NCMx digital products, and digital out-of-home inventory. The business sits in one Advertising segment and serves advertisers across the United States rather than selling movie tickets.
Packages cinema inventory with data-enabled extensions, letting campaigns run before films, inside lobbies, across owned digital properties, and in complementary out-of-home venues. Its sales mix spans national brands plus regional and local advertisers.
Depends on moviegoing attendance, the theatrical release calendar, advertiser demand for premium video, and continued access to AMC, Cinemark, Regal, and other circuits through exhibitor and affiliate agreements.
Company facts
Categories
Key statistics
Year to date −32.8% · Average volume (30d) 1.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 12, 2026 | Wedbush | Reiterate | Outperform | $7 | $5 | |
| Aug 12, 2026 | Barrington | Target | $4.25 | |||
| Mar 14, 2025 | Wedbush | Upgrade | Neutral | Outperform | $6 | $7.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | −$0.09 | −$0.10 | −17.6% | $59.3M | $58.4M | −1.6% | −41.42% |
| May 12, 2026Q1 FY26 | −$0.26 | −$0.23 | +11.5% | $32.9M | $34.0M | +3.3% | −11.83% |
| Feb 26, 2026Q4 FY25 | $0.25 | $0.28 | +12.0% | $90.9M | $93.2M | +2.5% | +1.42% |
| Oct 30, 2025Q3 FY25 | −$0.03 | $0.02 | +156.6% | $92.3M | $63.4M | −31.3% | +9.41% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $34.9M | $51.8M | $63.4M | $93.2M | $34.0M | $58.4M | |
| Gross profit | $10.1M | $8.4M | $27.9M | $56.0M | −$4.1M | $54.7M | |
| Operating income | −$23.9M | −$12.0M | −$1.8M | $23.8M | −$26.9M | −$12.8M | |
| Net income | −$30.7M | −$10.7M | $1.6M | $29.3M | −$28.6M | −$9.9M | |
| Diluted EPS | −$0.32 | −$0.11 | $0.02 | $0.31 | −$0.31 | −$0.11 | |
| Gross margin | 28.9% | 16.2% | 44.0% | 60.1% | -12.1% | 93.7% | |
| Operating margin | -68.5% | -23.2% | -2.8% | 25.5% | -79.1% | -21.9% |
Fiscal years (4-quarter sums)FY21 $114.6M · FY22 $249.2M · FY23 $165.2M · FY24 $240.8M · FY25 $243.3M
Revenue by product · Q2 FY26
Balance sheet, Jul 2, 2026Cash & short-term investments $43.1M · Total debt $21.9M · Total assets $446.3M · Shareholders' equity $334.3M
Dividends
Last cut to $0.03 from $0.30 split-adjusted in Mar 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 22, 2026 | May 22 | Jun 4 | $0.03 | |
| Mar 9, 2026 | Mar 9 | Mar 23 | $0.03 | |
| Nov 10, 2025 | Nov 10 | Nov 26 | $0.03 | |
| Aug 15, 2025 | Aug 15 | Aug 29 | $0.03 | |
| May 16, 2025 | May 16 | May 30 | $0.03 | |
| Mar 24, 2025 | Mar 24 | Apr 7 | $0.03 | cut from $0.30 split-adjusted |
| Aug 19, 2022 | Aug 22 | Sep 6 | $0.03 | |
| May 20, 2022 | May 23 | Jun 7 | $0.03 | cut from $0.05 |
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 93.78M · Float 65.32M · 69.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Blantyre Capital Ltd | 27.14M | 28.94% | 13F | May 15, 2026 |
| Simon Mullaly · director | 27.14M | 28.94% | Form 4 | Oct 24, 2025 |
| Orbis Allan Gray Ltd | 9.14M | 9.74% | 13F | May 15, 2026 |
| Orbis Investment Management Ltd | 9.05M | 9.70% | 13G | May 15, 2026 |
| Hotchkis and Wiley Capital Management, LLC | 7.90M | 8.48% | 13G | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 3, 2026 | Thomas F. Lesinski | director, officer: Chief Executive Officer | −50,623 | $4.18 |
| Aug 3, 2026 | Ronnie Y. Ng | officer: Chief Financial Officer | −1,000 | $4.05 |
| Jul 2, 2026 | Thomas F. Lesinski | director, officer: Chief Executive Officer | −70,168 | $3.77 |
| Jul 2, 2026 | Ronnie Y. Ng | officer: Chief Financial Officer | −32,328 | $3.77 |
| Jul 2, 2026 | Maria VG Woods | officer: Chief Legal Officer | −12,058 | $3.77 |
Peers
- OUTFRONT Media
National OOH network competing for DOOH and transit ad budgets
- Lamar Advertising
Large billboard network competing for local and national OOH spend
- The Trade Desk
DSP competing for omnichannel video, CTV, and DOOH ad budgets
- Clear Channel Outdoor
OOH operator competing in digital billboards, airports, and programmatic
- Roku
CTV platform competing for streaming video and programmatic ad spend
- Magnite
CTV ad-tech platform competing in programmatic video monetization
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| National CineMedia | $2.57 | −0.39% | $243.8M | — | 77.4 | 1.0 | +12.7% |
| OUTFRONT Media | $29.60 | −0.03% | $5.21B | 21.0 | 21.7 | 2.7 | +13.5% |
| Lamar Advertising | $150.38 | +0.02% | $15.26B | 27.4 | 24.7 | 6.6 | +6.5% |
| The Trade Desk | $13.60 | +0.18% | $6.38B | 16.0 | 123.2 | 2.1 | +3.0% |
| Clear Channel Outdoor | $2.34 | −0.21% | $1.19B | — | — | 0.7 | +8.8% |
| Roku | $157.68 | 0.00% | $23.39B | 67.4 | 48.8 | 4.5 | +21.9% |
| Magnite | $23.10 | −2.45% | $3.39B | 21.5 | 20.2 | 4.6 | +9.4% |
| Median | 21.5 | 24.7 | 3.6 | +9.1% |