National Cinemedia Inc (NCMI) News & EventsNCMINews & EventsNational Cinemedia Inc

NCM to Acquire Captivate Holdings for $275M

On August 10, 2026, NCM entered into a definitive agreement to acquire Captivate Holdings, LLC, an operator of digital video elevator and lobby advertising in North America, at an enterprise value of $275M. The transaction will be funded with $275M of new committed term debt, with available cash used to refinance the company's existing revolving credit facility and fund transaction expenses. NCM expects to generate more than $3.5M of annual run-rate cost synergies within the first year following close of the acquisition, primarily through the elimination of duplicative corporate overhead and the consolidation of executive and administrative functions. The transaction is expected to close during the second half of 2026, subject to customary closing conditions and regulatory approvals. Until closing, NCM and Captivate will continue to operate independently in the ordinary course. Additional details are available in the Company's press release dated August 11, 2026. In connection with the proposed acquisition of Captivate and expected leverage at closing, NCM has paused its quarterly dividend program. In connection with the expected timing of the pending transaction, NCM is not providing a forward outlook at this time. This does not reflect any change in the Company's view of the underlying business.

National CineMedia Reports Q2 Revenue of $58.4M

Reports Q2 revenue $58.4M, consensus $59.52M. "NCM delivered another quarter of meaningful growth alongside the strong domestic box office," said Tom Lesinski, Chief Executive Officer of National CineMedia, Inc. "We navigated a competitive advertising environment while executing against our strategic priorities, including continuing to strengthen our local business and driving efficiencies across the business through our operational transformation initiative. As we look to the future, we have taken a transformative next step in advancing our growth strategy through our agreement to acquire Captivate, the leading operator of digital video elevator and lobby advertising in North America, expanding and diversifying our premium platform to reach complementary, highly sought-after attentive audiences. Together, NCM and Captivate will create the leading premium video and digital out-of-home platform across theaters, office buildings and residential properties, enabling advertisers to reach consumers in high attention locations, with a single premium media partner."

National CineMedia Reports Q1 Revenue of $34.0M

Reports Q1 revenue $34.0M, consensus $33.5M. "NCM delivered first quarter results within our guidance range as we continued to advance our strategy to better monetize the growing theatrical audience," said Tom Lesinski, Chief Executive Officer of National CineMedia, Inc. "Our teams navigated typical first quarter seasonality and Olympic-related competition while driving advertiser demand for NCM's premium audiences, scaled inventory and data-driven capabilities. We also implemented a meaningful operational transformation that is expected to generate $11.0 million in annualized cost savings, supported by AI-driven efficiencies that are making our organization more productive. As we look ahead, the compelling 2026 film slate, healthy advertiser demand and a more agile organization further position NCM to capture incremental demand and drive long-term value for our partners and shareholders."