Reading International Inc
1.3800-0.07 (-4.83%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · RDI · USD
Key Stats
Market Cap
48.24MP/E (TTM)
-Basic EPS (TTM)
-0.75Dividend Yield
0%Recent Filings
8-K
Q2 profit surge on blockbusters
Reading International swung to $2.9 million operating income in Q2 2025, up 138% from a $7.7 million loss last year, fueled by 29% revenue growth to $60.4 million amid blockbuster hits like A Minecraft Movie and Sinners. Cinema revenue surged 32% to $56.8 million with record average ticket prices and food sales per person across U.S., Australia, and New Zealand markets. The $1.8 million gain from selling Cannon Park assets in Australia for AU$32.0 million on May 21 helped slash gross debt by 14.4% to $173.4 million. Strong movie slates ahead bolster confidence, yet currency weakness hit reported results.
10-Q
Q2 FY2025 results
Reading International, Inc. reports Q2 FY2025 results with revenue up 29% YoY to $60.4M, driven by cinema recovery, but net loss of $2.7M. Cinema revenue rose 32% to $56.8M from stronger film slate; real estate revenue dipped 7% to $4.7M post-property sales. Operating income swung to $6.9M from $3.7M loss. Debt reduced to $173.4M from $202.7M via sales proceeds. EPS improved to -$0.12 from -$0.57. Balance sheet shows $9.1M cash, $438.1M assets. Key drivers: cinema attendance growth, property sales. Risks: cinema recovery, liquidity, interest rates.
8-K
Q1 revenues dip, but losses narrow
Reading International reported Q1 2025 revenues of $40.2 million, down 11% from $45.1 million in Q1 2024, hit by lower cinema attendance from 2023 Hollywood strikes, screen closures, and weaker foreign currencies. Yet operating loss narrowed 8.5% to $6.9 million, boosted by a $6.6 million gain from selling Wellington, New Zealand properties for NZ$38.0 million on January 31, 2025, which cut debt by $16.1 million. Real estate operating income surged 79% to $1.6 million. Debt reduction strengthens liquidity amid cinema headwinds.
10-Q
Q1 FY2025 results
Reading International's Q1 FY2025 revenue fell 11% y/y to $40.2M, with cinema down 12% y/y to $36.4M from weaker film slates and site closures, while real estate held steady at $3.8M. Operating loss narrowed to $6.9M from $7.5M y/y, aided by lower costs and depreciation, but net loss widened to $4.9M from $13.4M due to a $6.5M gain on Wellington property sale offsetting interest. Diluted EPS improved to -$0.21 from -$0.59, reconciling to 22.4M shares with no anti-dilution. Liquidity tightened with cash at $5.9M and $53.7M current debt, yet debt fell 8% q/q to $186M after repayments; free cash flow not disclosed in the 10-Q. Sold Wellington assets in January 2025 for $21.5M, recognizing $6.6M goodwill and no intangibles, with $12.5M NAB bridge due May 2025 expected repaid from Cannon Park sale. Cinema attendance lags pre-pandemic, but upcoming releases signal recovery.
8-K
Q4 profit surge, yearly loss widens
Reading International swung to Q4 2024 operating income of $1.5 million from a $7.0 million loss, fueled by 29.3% revenue growth to $58.6 million amid blockbuster releases like Wicked and Gladiator II, while real estate added steady gains from high-occupancy assets. Full-year results dipped, with revenues down 5.5% to $210.5 million and net loss widening to $35.3 million, hit by 2023 Hollywood strikes delaying films and currency weakness. Asset sales, including Wellington for NZ$38 million on January 31, 2025, bolstered liquidity for debt reduction. Q4 EBITDA hit $6.8 million.
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