National Cinemedia, Inc. · NASDAQ:NCMI
National Cinemedia — Q3 2025 Earnings Presentation
9 slides from National Cinemedia's earnings presentation, Oct 30, 2025
Slide 1: 3Q'25 Earnings Supplemental Presentation
3Q’25 Earnings Supplemental Presentation October 30, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains various forward-looking statements that reflect management’s current expectations or beliefs regarding future events, including statements regarding the Company’s anticipated future financial performance. Investors are cautioned that reliance on
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures Adjusted OIBDA, Unlevered Free Cash Flow and Adjusted Operating Expense Adjusted Operating Income Before Depreciation and Amortization (“Adjusted OIBDA”), Unlevered free cash flow and Adjusted Operating Expense are not financial measures calculated in accordance with GAAP
Slide 4: 3Q'25 Key Highlights
3Q’25 Key Highlights • Although 3Q’25 attendance of 109M was down 9% vs. 3Q’24, the revenue monetization was at the highest third quarter in the last five years • 3Q’25 revenue of $63.4M increased 2% as compared to 3Q’24 revenue of $62.4M reflecting stabilization in advertising demand driven by grow
Slide 5: 3Q'25 Results vs. Guidance
3Q’25 Results vs. Guidance 3Q’25 Revenue 3Q’25 Adjusted OIBDA $11.5 $67.0 $10.2 $63.4 $62.0 $7.5 Low High Actual Low High Actual Management Guidance Management Guidance 5
Slide 6: NCM, Inc. 3Q'25 & 2024 Financial Results
NCM, Inc. 3Q’25 & 2024 Financial Results Quarter Ended (in millions, unaudited) September 26, December 26, March 27, June 26, September 25, 2024 2024 2025 2025 2025 Attendance 121.6 100.7 72.3 115.3 108.7 Revenue $62.4 $86.3 $34.9 $51.8 $63.4 Operating Expenses Network Operating Costs 3.3 3.1 3.1 3.
Slide 7: Adjusted OIBDA & Unlevered Free Cash Flow Reconciliation for NCM, Inc.
Adjusted OIBDA & Unlevered Free Cash Flow Reconciliation for NCM, Inc. Quarter Ended (in millions, unaudited) September 26, December 26, March 27, June 26, September 25, 2024 2024 2025 2025 2025 Operating (loss) income $(7.5) $20.0 $(23.9) $(12.0) $(1.8) Depreciation expense 1.3 1.1 1.1 1.1 1.1 Amor
Slide 8: Adjusted Operating Expense Reconciliation for NCM, Inc.
Adjusted Operating Expense Reconciliation for NCM, Inc. Quarter Ended (in millions, unaudited) September 26, December 26, March 27, June 26, September 25, 2024 2024 2025 2025 2025 Operating expense $69.9 $66.3 $58.8 $63.8 $65.2 Depreciation expense (1.3) (1.1) (1.1) (1.1) (1.1) Amortization expense
Slide 9: Investor Contact Media Contact
Investor Contact Media Contact Chan Park Doug Serton investors@ncm.com press@ncm.com