On November 10, 2026, National CineMedia, Inc. (NCM) released its financial results for the fiscal third quarter ended October 1, 2026, alongside a press release detailing a leadership transition. The company reported a decrease in total revenue for the third quarter, which fell 3.2% to $61.4 million compared to the same period in 2025. This decline contributed to a wider operating loss of $21.6 million for the quarter, up from $1.8 million in the prior year.
Net loss for the third quarter of 2026 totaled $17.2 million, or $0.18 per diluted share, reversing the net income of $1.6 million, or $0.02 per diluted share, reported for the third quarter of 2025. Adjusted OIBDA, a non-GAAP measure, decreased to $3.3 million for the quarter, down from $10.2 million in the prior year.
For the nine months ended October 1, 2026, total revenue increased 2.5% to $153.8 million compared to $150.0 million for the same period in 2025. However, the company reported an operating loss of $61.3 million and a net loss of $55.8 million, or $0.60 per diluted share, for the nine-month period.
In a separate announcement, the company disclosed that CEO Tom Lesinski will retire as part of a planned leadership transition, with an anticipated departure date of December 31, 2026. The Board of Directors has retained Korn Ferry to assist in searching for his successor.
Looking ahead, NCM provided a fourth quarter 2026 revenue outlook of $117.0 million to $124.0 million. The company also stated that it has raised its 2026 operational transformation savings target to more than $7.5 million, reflecting progress on cost-saving initiatives. This target was updated following the completion of the acquisition of Captivate, which was closed on September 18, 2026, creating a combined network of approximately 48,000 digital screens.
