National CineMedia (NCMI) Earnings Transcript

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Fri, February 27, 2026 astatine 10:49 AM CST 31 min read

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Thursday, February 26, 2026 astatine 5 p.m. ET

• Chief Executive Officer — Thomas F. Lesinski

• Chief Financial Officer — Ronnie Y. Ng

Thomas F. Lesinski: Thank you, Chan. Hello, everyone, and convey you for joining our 4th fourth and afloat twelvemonth 2025 net call. 2025 was a twelvemonth of meaningful advancement for National CineMedia, Inc. We executed against our strategical priorities by continuing to put successful our level and capabilities, driving accrued advertiser demand, and further positioning National CineMedia, Inc. to execute against a broader scope of attendance. We besides strengthened our exhibitor relationships, astir notably done a caller woody with AMC that was announced successful the 2nd quarter. The momentum we person built passim the twelvemonth carried done the 4th fourth arsenic we broadened our industry-leading scope with the acquisition of Spotlight, adding a caller high-end luxury enactment to our network.

These actions translated into year-over-year gross growth, supported by steadfast advertiser request for our sought-after audiences and our continued absorption connected driving maturation crossed the platform. This spot was besides reflected successful our 4th fourth results. National CineMedia, Inc. delivered full 4th fourth gross of $93 million, successful enactment with our guidance scope and increasing astir 8% twelvemonth implicit year, outpacing attendance trends. Adjusted OIBDA for the 4th was $37 million, exceeding our guidance scope and representing an summation of 6% versus the anterior year, supported by coagulated gross show and the resilience of our asset-light model. These results were driven by steadfast advertiser request and continued improvements successful inventory utilization crossed our network.

We generated and successfully captured beardown involvement against the slate of highly anticipated titles, including Wicked for Good, Avatar: Fire and Ash, and Zootopia 2. This was made imaginable by our continued concern successful strengthening our income team, expanding our programmatic platform, and advancing information and measurement capabilities to conscionable modern advertisers' requirements. In particular, our absorption connected broadening and enhancing assemblage targeting and show attribution continues to amended the worth of National CineMedia, Inc.'s platform, enabling america to pull caller advertisers and deepen relationships with existing. During the quarter, 18 advertisers placed cinema advertizing campaigns astatine oregon supra the $1 cardinal level, reflecting increasing assurance successful cinema arsenic a halfway advertizing channel.