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AI brief of an SEC Form 8-K · National CineMedia, Inc. (NCMI)

National CineMedia swings to Q3 net loss of $17.2 million as revenue falls 3.2%

Negative Impact 4 of 5 earnings

National CineMedia reported fiscal third-quarter 2026 revenue of $61.4 million, down 3.2% from $63.4 million a year earlier, and a net loss of $17.2 million, or $0.18 per diluted share, compared with net income of $1.6 million in the prior-year quarter. The loss was driven in part by a $36.4 million loss on remeasurement of the tax receivable agreement payable, and the company also announced that CEO Tom Lesinski will retire on December 31, 2026.

Key points

  • Q3 revenue was $61.4 million, down 3.2%; operating loss widened to $21.6 million from $1.8 million.
  • Q3 net loss was $17.2 million, or $0.18 per diluted share, versus net income of $1.6 million, or $0.02 per share, a year earlier.
  • Adjusted OIBDA fell to $3.3 million from $10.2 million; the company expects fourth-quarter 2026 revenue of $117.0 million to $124.0 million.
  • CEO Tom Lesinski will retire with an anticipated departure of December 31, 2026, and the board has retained Korn Ferry to search for a successor.

The filing

CompanyNational CineMedia, Inc. (NCMI)
Form8-K, current report
Filed with the SECNov 10, 2026, 4:08 PM ET
Accession number0001193125-26-455440

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 10, 2026, 4:25 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.