Filing Flows › National CineMedia (NCMI) › Q4 2024
National CineMedia (NCMI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 6, 2025
National CineMedia (NCMI) reported revenue of $86.3M for the fourth quarter 2024 (Q4 2024), -5% from a year earlier and +38% from the quarter before. Operating margin was 23.1%, net earnings $24.7M (28.6% of revenue).
National CineMedia, Q4 2024: revenue $86.3M (-5% year over year), operating margin 23.1%, net earnings $24.7M, operating cash flow $30.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $86.3M | +38% | -5% |
| Operating profit | $19.9M | — | -2% |
| Net earnings | $24.7M | — | +4% |
| Operating cash flow | $30.5M | — | +96% |
| Free cash flow | $28.1M | — | +101% |
What changed
Revenue was $86.3M in Q4 2024, down 5% year over year and up 38% from the previous quarter. National Advertising Revenue was the largest line at 81% of revenue.
Operating profit was $19.9M, a 23.1% margin (up 0.6 points year over year). Total costs fell 6% while revenue fell 5%. Net earnings were $24.7M, up 4% year over year. The effective tax rate was 0.8%. Non-operating items added $5.0M, 20% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $30.5M (up 96% year over year), 123% of net earnings. Non-cash charges added back $3.0M of share-based compensation. Working capital and other items added $2.8M. Capital expenditures of $2.4M left free cash flow of $28.1M.
Questions
What was National CineMedia's revenue in the fourth quarter 2024?
National CineMedia (NCMI) reported revenue of $86.3M for the fourth quarter 2024 (Q4 2024), -5% from a year earlier and +38% from the quarter before.
Was National CineMedia profitable in the fourth quarter 2024?
Operating profit was $19.9M (23.1% of revenue) and net earnings $24.7M.
Source: National CineMedia 10-K on SEC EDGAR.