National CineMedia, Inc. (NASDAQ:NCMI) Q3 2022 Earnings Conference Call November 7, 2022 5:00 PM ET

Corporate Participants

Dan Dorenkamp - Finance Director

Tom Lesinski - Chief Executive Officer

Ronnie Ng - Chief Financial Officer

Conference Call Participants

Eric Wold - B. Riley

Jim Goss - Barrington Research

Operator

Good day, and welcome to the National CineMedia, Inc. Q3 2022 Earnings Conference Call. Today's conference is being recorded.

At this time, I'd like to turn the conference over to Mr. Dan Dorenkamp, Director of Finance. Please, go ahead, sir.

Dan Dorenkamp

Good afternoon. I'm joined today by our CEO, Tom Lesinski; and our CFO, Ronnie Ng. I would like to remind our listeners that this conference call contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.

All statements, including our discussion about the future impacts of COVID-19, other than statements of historical facts communicated during this conference call may constitute forward-looking statements. These forward-looking statements involve risks and uncertainties. Important factors that can cause actual results to differ materially from the company's expectations are disclosed in the risk factors contained in the company's filings with the SEC. All forward-looking statements are expressly qualified in their entirety by such factors.

Further, our discussion today includes some non-GAAP measures. In accordance with Regulation G, we have reconciled these amounts back to the closest GAAP basis measurement. These reconciliations can be found at the end of today's earnings release or on the Investor Relations page of our website at ncm.com.

Now, I'll turn the call over to Tom.

Tom Lesinski

Thank you, Dan, and good afternoon everyone.

Welcome to our third quarter earnings call. As the largest cinema advertising network in the U.S. with 75% of the opening weekend box office each week, we have a lot to be optimistic about. After five straight quarters of revenue growth and a strong upfront selling season, most of our pre-pandemic employers are now back on the screen. Our final upfront negotiations are ramping up and we're happy to report the return of longtime NCM clients across all key categories, and many deepening their investment with us.

Today, we're able to prove that cinema is one of the highest value mediums for advertisers to reach a young diverse audience at scale in an unskipable, uninterrupted ad environment, with the most culturally relevant content in the world on a 40-foot screen. People simply crave the shared movie going experience.