Revenue during the quarter grew 4.47 percent to $142.50 million from $136.40 million in the previous year period. Gross margin for the quarter expanded 136 basis points over the previous year period to 77.75 percent. Total expenses were 49.26 percent of quarterly revenues, down from 54.91 percent for the same period last year. This has led to an improvement of 565 basis points in operating margin to 50.74 percent.

Operating income for the quarter was $72.30 million, compared with $61.50 million in the previous year period.

Commenting on the Company’s fourth quarter and full year 2016 operating results, Andy England, NCM’s Chief executive officer said, “As you know, 2016 was my first year as Chief executive officer of National CineMedia, and I am happy to say that it was a good one. NCM had a record Q4 and full year 2016 for both revenue and Adjusted OIBDA derived from advertising, against record comps from 2015. But this year was about more than just the numbers. We also established a new leadership team, presented some truly groundbreaking cinema campaigns in theaters, and created a company vision, values and plan that will allow us to pursue a strategy that includes growing our network affiliate partnerships, growing on-screen revenue, expanding our digital product offerings, ensuring that we are the first choice for our customers, developing our people and capabilities, and allocating resources to strategy. It is an exciting time to be at NCM, and I am optimistic about our future and the future of cinema advertising.”

For fiscal year 2017, National Cinemedia expects revenue to be in the range of $445 million to $465 million.