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National CineMedia vs Fluent: NCMI and FLNT compared
National CineMedia is the larger company: $58.4M of revenue in its latest quarter (Q2 2026) against $48.4M for Fluent (Q2 2026). National CineMedia is growing faster (+13% against +8% a year earlier). Fluent is more profitable, with an operating margin of -10.2% against -21.9%.
Where the money goes: NCMI and FLNT
National CineMedia (NCMI) · Q2 2026
National CineMedia, Q2 2026: revenue $58.4M (+13% year over year), operating margin -21.9%, net loss $9.9M, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
Fluent (FLNT) · Q2 2026
Fluent, Q2 2026: revenue $48.4M (+8% year over year), operating margin -10.2%, net loss $6.2M, operating cash flow −$4.8M. The chart follows the revenue to costs, profit and cash.
| National CineMedia (NCMI) | Fluent (FLNT) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $58.4M | $48.4M |
| Revenue growth, Y/Y | +13% | +8% |
| Operating margin | -21.9% | -10.2% |
| Net earnings | −$9.9M | −$6.2M |
| Net margin | -17.0% | -12.7% |
| Operating cash flow | −$1.5M | −$4.8M |
Where the revenue comes from
National CineMedia
- National Advertising Revenue: $44.9M (77%)
- Local Advertising Revenue: $9.5M (16%)
- Founding Member Advertising Revenue From Beverage Concessionaire Agreements: $4.0M (7%)
Questions
Which is bigger, National CineMedia or Fluent?
National CineMedia is the larger company: $58.4M of revenue in its latest quarter (Q2 2026) against $48.4M for Fluent (Q2 2026).
Is National CineMedia or Fluent growing faster?
National CineMedia is growing faster (+13% against +8% a year earlier).
Which is more profitable, National CineMedia or Fluent?
Fluent is more profitable, with an operating margin of -10.2% against -21.9%.
More: National CineMedia earnings · how National CineMedia makes money · Fluent earnings · how Fluent makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 11, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.