National CineMedia, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 28, 2023
November 07, 2023 at 04:28 pm EST
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National CineMedia, Inc. reported earnings results for the third quarter and nine months ended September 28, 2023. For the third quarter, the company reported sales was USD 24.7 million compared to USD 54.5 million a year ago. Net income was USD 181.8 million compared to net loss of USD 8.9 million a year ago. Basic earnings per share from continuing operations was USD 2.89 compared to basic loss per share from continuing operations of USD 1.09 a year ago. Diluted earnings per share from continuing operations was USD 2.89 compared to diluted loss per share from continuing operations of USD 1.09 a year ago.
For the nine months, sales was USD 74.4 million compared to USD 157.5 million a year ago. Net income was USD 681.5 million compared to net loss of USD 34.8 million a year ago. Basic earnings per share from continuing operations was USD 21.58 compared to basic loss per share from continuing operations of USD 4.28 a year ago. Diluted earnings per share from continuing operations was USD 20.72 compared to diluted loss per share from continuing operations of USD 4.28 a year ago.
National CineMedia, Inc. is a media company that operates the cinema advertising platform in the United States. Its platform consists of more than 18,400 screens in over 1,400 theaters in 190 Designated Market Areas. It presents multiple formats of The Noovie Show depending on the theater circuit in which it runs, including Post-Showtime advertising inventory after the advertised showtime. It also sells advertising on its LEN, a series of screens located in movie theater lobbies, and other forms of advertising and promotions in theater lobbies. It also sells digital online and mobile advertising through its Audience Accelerator, across its suite of Noovie digital properties and a variety of complementary out of home venues, such as restaurants, convenience stores and college campuses. The Noovie Show with Post-Showtime Inventory format is comprised of the same segments included within the Classic Noovie Show consisting of silver pod; gold pod; pre-trailer pod, and platinum position.
NATIONAL CINEMEDIA, INC. 
