National CineMedia, Inc.NCMI
What National CineMedia, Inc. does.
National CineMedia is the largest cinema advertising platform in the U.S. With unparalleled reach and scale, NCM connects brands to sought-after young, diverse audiences through the power of movies and pop culture. A premium video, full-funnel marketing solution for advertisers, NCM enhances advertisers’ ability to measure and drive results. NCM’s Noovie® Show is presented exclusively in 41 leading national and regional theater circuits including all three national chains, AMC, Cinemark and Regal. NCM’s cinema advertising platform consists of more than 17,000 screens in over 1,300 theaters in 184 Designated Market Areas® (“DMA ® ”), including all of the top 50. In November of 2025, NCM extended its reach by acquiring Spotlight and the Spotlight Cinema Network, a U.S. cinema advertising company dedicated to serving art house, luxury and dine-in exhibitors. Spotlight and the Spotlight Cinema Network presents the CineLife ® Show exclusively in 108 leading national and regional theater circuits consisting of more than 1,200 screens in over 200 theaters.
We derive revenue primarily from selling advertising to national, regional and local businesses through The Noovie Show and the CineLife Show, our cinema advertising and entertainment shows seen on movie screens across the U.S. Additionally, we generate revenue from the Lobby Entertainment Network or LEN, a series of strategically-placed screens located in movie theater lobbies, as well as other promotional opportunities in theater lobbies. Beyond the theater, we extend our advertising reach through our NCMx ™ suite of products, leveraging omnichannel retargeting across our owned digital properties, partnerships with third-party digital publishers and platforms, CTV and a variety of complementary out-of-home venues, such as convenience stores and college campuses, to engage entertainment audiences beyond the theater.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $90.4M | $114.6M | $249.2M | $165.2M | $240.8M | $243.2M |
| Net income | -$65.4M | -$48.7M | -$28.7M | $705.2M | -$22.3M | -$10.6M |
| Free cash flow | $47.3M | -$100.9M | -$50.2M | -$10.0M | $54.5M | $2.8M |
More on NCMI.
- National CineMedia, Inc. summary
- National CineMedia, Inc. financial statements
- National CineMedia, Inc. key metrics
- National CineMedia, Inc. health scores and style box
- National CineMedia, Inc. earnings
- National CineMedia, Inc. dividends
- National CineMedia, Inc. valuation
- National CineMedia, Inc. ownership and insiders
- National CineMedia, Inc. peers
Figures from National CineMedia, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.