the results highlighted through I the the year on as thoughts your discuss that questions. full in Then, call Tom. walk further well outlook. as our our quarter open Thanks we'll to Tom operating will detail;
We of results for will be our website on future providing these your a supplemental reference. presentation
by This revenue, our million XXXX, in of in a the to beverage decrease X.X%. a and a was $X.X total national $XXX,XXX regional For second decrease $XXX.X revenue $XXX,XXX million revenue, quarter, was revenue, change compared in in million decrease local in advertising driven million million $X.X a QX $XXX.X revenue. decrease $X.X decrease
a $XX.X adjusted Total QX or X% year, compared was primarily was quarter decrease OIBDA OIBDA to to incurred in our last driven decrease negotiation a QX million million XX.X% a due settlement the last $X lower in to for adjusted were revenue, during margin operating stockholder. of largest partially and of decrease XX% agreement versus offset $X.X in by million, by the a which same professional XXXX. related with fees, legal The year period expenses,
compared was a were annually. a fees market market X% to offset revenue in and had related by which a lower in strong to driven year. we digital but in The ago, compared the year-to-date compared QX Our office by year, an flat increase decrease scatter of fees, theater year the a last national to scatter fees portion weaker last decrease which were attendance box increased screen to access attendance
mentioned a $X.X addition, swing $X.X office of compared box year to $X.X million quarter million million QX at XXXX the In weaker-than-expected compared million as ago, balance a ending $X.X attendance to ending record Tom and quarter end contributed continue of make-good make-good. earlier, second June a
was quarter content quarter second CPMs, increase million a XXXX, higher X.X% end a branded decrease sold The versus $XX.X XX.X% and decrease a impressions XXXX. offset revenue For $X.X driven make-good the or increase national X.X% in change partially was ad revenue. the QX in in $X.X a by balance, by million, million
XXX.X% impressions impressions sold in delivered by inventory decrease was offset year. by QX XXX.X% increase as a partially increase we during end quarter, a make-good first from attendance in the utilization X.X% versus driven in X.X% the to XXXX, The from prior in quarter balance
last spending is a CPMs in we upfront high in XX% by had to in increase versus quarter, driven year QX campaigns, shift higher resulting ago. CPM a upfront almost scatter QX. XXXX a decrease recall, The run some higher Also CPM clients
Looking forward, CPM to in single-digit XXXX. normalize expect growth we in resulting low
earlier, $X.X shifted from to was QX of spend million million or the shift and to quarter $X.X second primarily automotive of back within regional ad category, as advertising advertising. QX the from and revenue strategy, million regional expect due second in XX.X% decreased gaining trending the we is Tom a shift in sales said, as to versus client our their million $X $X.X XXXX up one spending traction. to national year-over-year, That revenue half bounce regional XXXX in is mentioned
our last ad was in from local compared million QX revenue partially slightly strength Tom $XXX,XXX decreased to a volume in to contracts was $XX.X X.X% in value. or sales and the This X.X% million in local average decrease revenue local of The mentioned to X.X% decrease digital offset a decrease year. advertising by that local earlier. revenue $XX.X due contract
slight offset versus CPMs X.X% $X.X XXXX, year-over-year. decreased revenue by member million in partially beverage founding a attendance, QX to $X.X by QX or in increase million driven a decrease from beverage $XXX,XXX
local, that and X% XXXX was QX beverage QX XX%, X%, respectively. advertising was XX%, XX% XX% revenue versus XXXX regional, and mix X% national, Our X%,
OIBDA first the and months total the XXXX, first million to margin months XXXX. XXXX. the the XXXX, in million from $X.X OIBDA XX% months first of six Adjusted $XXX.X decreased million X.X% $X.X to months adjusted to or million $XX.X For million X.X% first million from decreased XX.X% $XX.X $XXX.X six revenue of versus or of six of six from in decreased
the by XXXX. utilization national sold, of six this million a months an from branded X XXXX. XXXX sold versus increase first to $X from revenue decreased XXX.X% attendance decrease $X impressions from The in X.X% the The satisfy XX.X% as million months year we X.X% a to by of as increasing the first driven was or decrease impressions result content. the first was an decrease X.X% in months continue year $XXX.X six in versus to as that partially well XXXX, decrease CPM, impressions of make-good deliver decrease record network million, offset XX% For was ad of end the
a of basis, second stronger the earlier, on national year advertising half our business. mentioned performance in a year-over-year we expect for this As
For $XX.X or million XXXX, XX.X% XXXX. ad six $X regional half $XX.X revenue months of of from the to million versus the first decreased first million
by decrease client. from by automotive this major is a advertising of regional to driven Half shift advertising the national
As new our regional second strategy to hold, sales take a business. half increase begins resulting regional ad we of stronger XXXX expect our year-over-year in in
from due was the local revenue. X.X% offset average in combined $X.X in XXXX, million to of in digital decreased months contract contract, revenue $XX.X increase X.X% value million XX.X% with by local sales revenue advertising six million the compared the The of decrease to or last For local to volume year. a $XX.X partially decrease ad higher
For of in $XX.X increase million million from the slight first driven months first versus six decreased a attendance, XXXX, offset beverage by member decrease beverage revenue by or was founding $X.X million in XX.X% to XXXX, the CPMs. $XX.X X.X% a partially of months six and
we an quarter, QX of of For earnings versus in per per $X.XX diluted XXXX. GAAP the share reported $X.XX second share diluted earnings
the six related tax XXXX, of we per to The For was in share months GAAP reported EPS increase to XXXX. in earnings diluted XXXX lower expense XXXX. compared share $X.XX the diluted of earnings six to of compared in per months first the $X.XX of
to tax rates. In XXXX, revaluing state we recorded related in deferred deferred from tax decreases tax expense assets income
XXXX, $X.X our partially corporate digital in capital driven the first increased were by million six XXXX, relocation investments in For XXXX infrastructure. headquarters the million of in $X.X our versus of expenditures months spent by offset
$X.X of X% second quarter, million investment. that estimating the $X including and encumbered million revenue, will Cinemark other million and with to million, we Theaters for $X.X respectively, payments digital million XXXX year. of million In Theaters $XX $X.X integration be approximately in Rave first six of or theater associated recorded Carmike months $X.X the We million versus and million AMC full and capital are to of range XXXX, the our expenditures last $XX year and $X from and
note they theater for -- OIBDA and included to as adjusted are intangible sheet. not in OIBDA recorded cash added as or payments reported debt revenue but a purposes, net the that a EBITDA encumbered balance As reduction other these and are integration adjusted to on reminder, partnership assets compliance are distribution
should Carmike members We to expect the to of integration to integration our BSA to record will continue theaters payments founding from AMC's these life It approximately of for million million $XX noted $XX XXXX. that during payments XXXX. be or
our outstanding debt our onto of Moving end XXXX. QX balance of versus total sheet, XXXX was the $XXX the million $XXX end NCM at at QX at LLC million
balance the XXXX to was million at end the quarter Our of the revolver QX second million of at end compared $XX $XX XXXX.
loan Our QX bank end debt compared rate of rate approximately a X.X% debt was X.X%. XXXX, the in approximately to had revolving that facility on interest credit million $XXX X.X% all and our at of rate QX term floating including average
total had balances, fixed the revolver outstanding a QX debt Excluding rate. XX% end interest XXXX of our at of
reminder founding of way under million pay we and member down of our can without up debt $XX annually our Our to charter, Board approval.
For XXXX $X six million. unsecured the retired our bonds of for XXXX, senior we have months million $X.X
investment public future to dividend levels, going discretionary to expected use company evaluate of our this continue cash LLC based are We on policy. opportunities, and leverage
of is trailing Our XXXX our X.X consolidated which X.XX LLC four OIBDA, total was adjusted at covenant total as end leverage leverage well net maintenance below times times. the approximately net of of NCM quarter QX
net senior of leverage X.X secured ratio was times. consolidated covenant times versus Our the X.X
at of to investment hand at We this $XX $X.XX Our QX over NCMI. approximately cash at QX $XX net end million, enough of available with balances was of quarters of on the NCMI and dividends per have cash share consolidated four XXXX million currently balance cover XXXX. with of cash as
that company's today paid August per share of to flexibility We our level determined $X.XX invest cash financial of in the The and to stockholders. XXXX. sustainable August plans on XXXX Board a based on Directors announced was regular dividend has for the XXth, the of while record quarterly of authorized be stock. dividend stockholders will dividend common our dividend business, XXth, on providing The
substantial to a the Board pay quarterly cash time company's of Directors for over dividend foreseeable its portion at the future intends free the The distribute discretion regularly of a company consistent with of intention the flow. to
considers declaration discussions cash future Board The financial advertising timing current cash, who conditions, of at conditions, of relevant. other needs, dividends factors consider sole of and will available the the be Directors anticipated business and that company's payment market general and the Directors amount will any Board economic of
on Our $X.XX. annual deferred yield share based closing is X.X% dividend of tax price currently today's
Now, quarterly are half back earlier, excited turning we to that film strong comparisons. the as we noted easier about well a of have we've guidance, year in as slate as the
are In trending year. of ahead addition, last sales QX
of of million of or We our the revenue to guidance or to guidance to are X.X% adjusted X.X% million, OIBDA $XXX of $XXX reiterating million XXXX, X.X% up in $XXX up up and up $XXX X.X% the to versus range range in million.
ahead $XX integration payment year note million. payments cash $XX million Fathom is million; our available a Looking adjusted LLC's for this starting last you $XXX this one, of and the million, receive will million as of two, cash add following of cash; the receivable payments guidance build note from XXXX, OIBDA with available Note, to NCM receivable. will for we at to $XXX $X.X calculation to
annual debt followings; of repurchases reduction million subtract amortization employees million principal to the million up plus As for non-cash million; $X to will $X cash expenditures to $XX of million. four, available $XX Inc. million of capital $X.X million; a purchased potential annually, approximately debt cash, $XX $XX you additional already two, to one, any expense we and $X.X to million, of million; of have $XX interest which comp approximately scheduled
AMC end partnership based projection partnership; members for members of XXXX, X Cineworld, cash end basis ownership the quarter. the paid the to of NCM at the a at that is their you arrive These Cinemark, quarterly are available -- which four a the of on the the of components LLC to allow the will Regal at NCMI at and founding on
and by distributed year, to cash LLC cash from approximately million on with paid to earned interest reduced to the million for of expected $X prior NCMI NCMI NCM from project balances available $X the we to $XX fees, be NCM net million management payout LLC consistent plus allow addition the will $XX In cash to under our tax fund with that annual receivable million member. available of dividend for you payments at midpoint approximately of arrive XX%. the to to This payout founding the of to payments agreement guidance at current NCMI
This concludes will our remarks and line prepared we questions. the Operator? open now for
