National CineMedia, which exited Chapter 11 bankruptcy last summer, drew cheers from investors Monday after an encouraging fourth-quarter earnings report.
Shares in the company shot up 17% in after-market trading on the quarterly numbers, which featured a small but notable uptick in national advertising during the quarter.
The dual strikes of 2023 have hampered exhibition earnings of late, and those challenges plus the bankruptcy process left an imprint on the financials.
Total revenue in the quarter ended December 28 slipped a fraction to $90.9 million, compared with $91.7 million in the year-earlier period.
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