Revenue during the quarter went up marginally by 1.61 percent to $113.50 million from $111.70 million in the previous year period. Gross margin for the quarter contracted 55 basis points over the previous year period to 72.86 percent. Total expenses were 57.36 percent of quarterly revenues, up from 57.21 percent for the same period last year. That has resulted in a contraction of 15 basis points in operating margin to 42.64 percent.

Operating income for the quarter was $48.40 million, compared with $47.80 million in the previous year period.

Commenting on the Company’s third quarter of 2016 operating results, Andy England, NCM’s chief executive officer said, “I am pleased that we were able to deliver third quarter revenue and Adjusted OIBDA results that exceeded both the midpoint of guidance ranges and last year’s Q3 2015 numbers. Our National, Beverage and Digital businesses saw healthy growth this quarter, and I’m confident that we’ll enter 2017 in a good position to grow the business as we continue to creatively seek out new ways to acquaint brands with our medium and our highly-engaged Millennial audience.”

For the fourth-quarter, National Cinemedia expects revenue to be in the range of $135 million to $450 million. National Cinemedia expects revenue to be in the range of $440 million to $145 million for financial year 2016.