Filing Flows › National CineMedia (NCMI) › Q1 2025
National CineMedia (NCMI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
National CineMedia (NCMI) reported revenue of $34.9M for the first quarter 2025 (Q1 2025), -7% from a year earlier and -60% from the quarter before. Operating margin was -68.5%, net loss $30.7M (88.0% of revenue).
National CineMedia, Q1 2025: revenue $34.9M (-7% year over year), operating margin -68.5%, net loss $30.7M, operating cash flow $6.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.9M | -60% | -7% |
| Operating profit | −$23.9M | -220% | — |
| Net earnings | −$30.7M | -224% | — |
| Operating cash flow | $6.0M | -80% | -75% |
| Free cash flow | $5.3M | -81% | -77% |
What changed
Revenue was $34.9M in Q1 2025, down 7% year over year and down 60% from the previous quarter. National Advertising Revenue was the largest line at 79% of revenue. National Advertising Revenue lost $2.1M year over year (down 7%), 84% of the total change.
Operating costs exceeded revenue by $23.9M, an operating margin of -68.5%. Total costs fell 2% while revenue fell 7%. The quarter ended with a net loss of $30.7M, after a profit of $24.7M the previous quarter.
Operating cash flow was $6.0M (down 75% year over year). Non-cash charges added back $2.7M of share-based compensation. Working capital and other items added $34.0M. Capital expenditures of $700K left free cash flow of $5.3M.
Questions
What was National CineMedia's revenue in the first quarter 2025?
National CineMedia (NCMI) reported revenue of $34.9M for the first quarter 2025 (Q1 2025), -7% from a year earlier and -60% from the quarter before.
Was National CineMedia profitable in the first quarter 2025?
Operating loss was $23.9M (-68.5% of revenue) and net loss $30.7M.
Source: National CineMedia 10-Q on SEC EDGAR.