National CineMedia (NCMI) Q2 FY26 earnings call

National CineMedia announced a definitive agreement to acquire Captivate, a leading digital video out-of-home advertising platform, to expand its reach and capabilities. Despite some June monetization headwinds from film mix and the FIFA World Cup, NCM delivered strong Q2 results driven by robust local advertising growth and increased attendance. The acquisition is expected to accelerate revenue growth and margin expansion, with a primary focus on deleveraging post-close.