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National CineMedia Stock Zooms After Big-Screen Ad Firm Reports Signs Of Post-Bankruptcy Progress
Shares in National CineMedia, which exited Chapter 11 bankruptcy last summer, jumped 17% after an encouraging fourth-quarter earnings report.
National CineMedia, which exited Chapter 11 bankruptcy last summer, drew cheers from investors Monday after an encouraging fourth-quarter earnings report. “We are very encouraged by our strong fourth quarter performance, which led to a 43% increase in active national advertisers and record revenue per attendee,” CEO Tom Lesinski said in the company’s earnings release. In an annual report of its 2023 performance filed with the SEC along with the quarterly financials, NCM said as of year-end Noovie accounted for 65% of its total ad network.
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