National CineMedia (NCMI)
Sells on-screen, lobby, digital, and out-of-home advertising around moviegoing audiences.
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Runs a U.S. cinema-advertising network built around The Noovie Show, CineLife, lobby promotions, NCMx digital products, and digital out-of-home inventory. Revenue comes from national, regional, local, and exhibitor-related advertising, with theater access shaped by long-term exhibitor and affiliate agreements.
Sells advertising around theater audiences through The Noovie Show, CineLife Show, the Lobby Entertainment Network, lobby promotions, NCMx digital products, and digital out-of-home inventory. The business sits in one Advertising segment and serves advertisers across the United States rather than selling movie tickets.
Packages cinema inventory with data-enabled extensions, letting campaigns run before films, inside lobbies, across owned digital properties, and in complementary out-of-home venues. Its sales mix spans national brands plus regional and local advertisers.
Depends on moviegoing attendance, the theatrical release calendar, advertiser demand for premium video, and continued access to AMC, Cinemark, Regal, and other circuits through exhibitor and affiliate agreements.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 12, 2026 | Wedbush | Reiterate | Rating: —Target: $7 | Target: $5 |
| Aug 12, 2026 | Barrington | Target | Target: — | Target: $4.25 |
| Mar 14, 2025 | Wedbush | Upgrade | Target: $6 | Target: $7.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 2, 2026Cash & short-term investments $43.1M · Total debt $21.9M · Total assets $446.3M · Shareholders' equity $334.3M
- Revenue
- $58.4M
- Operating income
- −$12.8M
- Net income
- −$9.9M
HistoryDividendAnnual yield
| Institutions | 89.74% | 84.41M shares | |
|---|---|---|---|
| 111 holders · as of Jun 30, 2026 | |||
| Insiders | 1.37% | 1.29M shares | |
| 10 holders · as of Aug 18, 2026 | |||
| Strategic holders | 8.66% | 8.15M shares | |
| 1 holder · as of Nov 20, 2024 | |||
| Other | 0.23% | 222.0K shares | |
| remainder | |||
94.07M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Blantyre Capital LtdInstitution | 28.86% | 27.14M | as of Jun 30, 2026 |
Orbis Investment Management LtdInstitution | 11.81% | 11.11M | filed Sep 8, 2026 |
Hotchkis & Wiley Capital Management LLCInstitution | 10.05% | 9.45M | as of Jun 30, 2026 |
Orbis Allan Gray LtdInstitution | 9.90% | 9.31M | as of Jun 30, 2026 |
Blantyre Capital ICAVStrategic10 percent owner | 8.66% | 8.15M | filed Nov 20, 2024 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 3, 2026 | Thomas F. Lesinski | director, officer: Chief Executive Officer | −50,623 | $4.18 |
| Aug 3, 2026 | Ronnie Y. Ng | officer: Chief Financial Officer | −1,000 | $4.05 |
| Jul 2, 2026 | Thomas F. Lesinski | director, officer: Chief Executive Officer | −70,168 | $3.77 |
| Jul 2, 2026 | Ronnie Y. Ng | officer: Chief Financial Officer | −32,328 | $3.77 |
| Jul 2, 2026 | Maria VG Woods | officer: Chief Legal Officer | −12,058 | $3.77 |
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| National CineMedia | $2.22 | −0.45% | $210.1M | — | 66.9 | 0.8 | +12.7% |
| OUTFRONT Media | $28.15 | −0.14% | $4.97B | 20.0 | 20.7 | 2.6 | +13.5% |
| Lamar Advertising | $145.13 | −0.01% | $14.82B | 26.7 | 23.9 | 6.4 | +6.5% |
| The Trade Desk | $13.20 | +0.19% | $6.53B | 16.3 | 109.0 | 2.2 | +3.0% |
| Clear Channel Outdoor | $2.38 | −0.21% | $1.21B | — | — | 0.7 | +8.8% |
| Roku | $153.00 | −0.80% | $22.89B | 66.0 | 47.8 | 4.4 | +21.9% |
| Magnite | $24.44 | −1.45% | $3.62B | 23.0 | 21.2 | 4.9 | +9.4% |
| Median | 23.0 | 23.9 | 3.5 | +9.1% |