National CineMedia Projects Q4 Revenue Between $117M and $124M
National CineMedia (NCMI) has issued its fourth-quarter guidance, projecting revenue in the range of $117 million to $124 million. The company expects adjusted OIBDA to fall between $42 million and $48 million, driven by a full quarter of Captivate advertising revenue and an improved film slate. In addition to financial projections, the company announced a leadership transition. CEO and Director Thomas Lesinski has declared his intention to retire as part of a planned transition, with an anticipated departure date set for December 31.
Tickers: $NCMI