Reading International, Inc., together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas. This segment operates its cinema exhibition businesses under the Reading Cinemas, Angelika Film Centers, Consolidated Theatres, State Cinema, City Cinemas, Event Cinemas, and Rialto brands. The Real Estate segment develops, rents, or licenses retail, commercial, and live theater assets. As of December 31, 2020, the company had interests in 61 cinemas comprising approximately 504 screens; fee interests in two live theaters; fee interest in 44 Union Square property; fee interest in one cinema in Manhattan; fee interests in two cinemas in Australia and four cinemas in New Zealand; fee interest in entertainment-themed centers; fee interest in 2 office buildings; and fee ownership of approximately 20.8 million square feet of developed and undeveloped real estate assets. Reading International, Inc. was founded in 1937 and is headquartered in Culver City, California.
IPO Year:
Exchange: NASDAQ
Website: readingrdi.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/1/2021 | Outperform → Neutral | Macquarie |
CULVER CITY, Calif., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Reading Cinemas (Australia), an affiliate of Reading International, Inc. (NASDAQ:RDI), today announced the opening of its latest cinema complex in Busselton, Western Australia. This marks Reading's fourth location in Western Australia, joining complexes in Belmont, Mandurah, and the recently re-branded Reading Cinemas in Armadale. The five-screen location launches as a key anchor tenant in Australian Unity's newly expanded Busselton Central Shopping Centre precinct. Reading's new complex features full recliner seating in all auditoriums. A brand-new Premium offering with enhanced food and beverage will showcase Reading Cinemas Busse
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4 - READING INTERNATIONAL INC (0000716634) (Issuer)
4 - READING INTERNATIONAL INC (0000716634) (Issuer)
NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) -- On March 31, 2025, Reading International, Inc. issued its Fourth Quarter and Full Year 2024 Earnings Press Release. The purpose of this press release is to correct the reconciliation of EBITDA and Adjusted EBITDA to net income (loss). The press release stated that net income (loss) for the quarter ended December 31, 2024 was ($5,816,000), interest expense $5,388,000, EBITDA $3,369,000 and Adjusted EBITDA $3,369,000. The correct amounts are net income (loss) ($2,239,000), interest expense $5,247,000, EBITDA $6,805,000, and Adjusted EBITDA $6,805,000. The corrected amounts have been inserted into the narrative and footnote of the corrected
Earnings Call Webcast to Discuss 2024 Fourth Quarter and Full Year Financial Results Scheduled to Post to Corporate Website by Wednesday, April 2, 2025 NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ:RDI) ("Reading" or our "Company"), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the fourth quarter and year ended December 31, 2024. Key Financial Results – Fourth Quarter 2024 compared to Fourth Quarter 2023 Total Revenues increased by 29.3% (or $13.3 million) to $58.6 million compared to $45.3 mil
NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ:RDI) ("Reading" or our "Company"), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced that its global cinema operations achieved several box office records over the November and December 2024 holiday period driven by the release of a variety of Hollywood blockbusters, including Wicked, Moana 2, Gladiator II, Mufasa: The Lion King and Sonic the Hedgehog 3. Our Company's specialty theaters, trading under the Angelika brand, likewise enjoyed a strong box office from award winning movies like The Brutalist, Anora
NEW YORK, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ:RDI) ("Reading" or our "Company"), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced it has entered into an unconditional Sale and Purchase Agreement to sell its properties in Wellington, New Zealand to Prime Property Group ("Prime") for a purchase price of NZ$38 million. The sale of these property assets is expected to close during the first quarter of 2025. The Sale and Purchase Agreement contemplates the seismic upgrade of the Courtenay Central building by Prime and, thereafter, a long-term cinema leas
Earnings Call Webcast to Discuss Third Quarter Financial Results Scheduled to Post to Corporate Website on Monday, November 18, 2024 NEW YORK, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ:RDI) ("Reading" or our "Company"), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the third quarter ended September 30, 2024. Third Quarter 2024 Summary Results The Company's third quarter 2024 key financial operating metrics – Total Revenues, Operating Income and Adjusted EBITDA – were all materially stronger than the previous three quarters, indicating t
NEW YORK, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ:RDI) announced today that Reading will hold its 2024 Annual Meeting of Stockholders (the "2024 Annual Meeting") virtually through a web-based platform, commencing at 2:00 p.m. Eastern Time, on December 5, 2024. Voting online at the virtual meeting Registered stockholders and duly appointed proxyholders, as of the close of business on October 15, 2024 (the record date for the 2024 Annual Meeting), are entitled to attend the virtual 2024 Annual Meeting. Class B stockholders will be able to communicate, participate in, listen and vote from any location with appropriate internet connectivity. Details of how to re
Guests invited to conjure up their own Coca-Cola® custom flavor blends and get a taste of the biggest movies releases with limited time offerings for Warner Bros. Pictures' BEETLEJUICE BEETLEJUICE and more! HONOLULU, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Consolidated Theatres, an affiliate of Reading International, Inc. (NASDAQ:RDI), is unveiling a new custom beverage flavor created by the refreshment experts at Coca-Cola® exclusively for Consolidated Theatres. A proprietary blend featuring Fanta® Cherry, Vanilla, and Lime flavors, the thirst-quenching "Consolidated Theatres Island Punch" debuts with the arrival of state-of-the-art Coca-Cola Freestyle® beverage fountains at Consolidated Th
Earnings Call Webcast to Discuss Second Quarter Financial Results Scheduled to Post to Corporate Website on Friday, August 16, 2024 NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ:RDI) ("Reading" or our "Company"), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the Second Quarter ended June 30, 2024. Second Quarter 2024 Summary Results The anticipated lingering effects of the 2023 Hollywood Strikes negat
NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ:RDI) ("Reading" or our "Company"), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced that this past weekend's opening of the highly anticipated, Deadpool & Wolverine, set several records across its global cinema circuit, including: The biggest opening weekend for any R-rated movie ever in our U.S. Cinema division, in terms of both attendance and box office.The biggest opening weekend for any MA 15+ rated movie ever in our Australian Cinema division, in terms of both attendance and box office.The biggest ope
Earnings Call Webcast to Discuss First Quarter Financial Results Scheduled to Post to Corporate Website on Friday, May 17, 2024 NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ:RDI) ("Reading" or our "Company"), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the First Quarter ended March 31, 2024. First Quarter 2024 Summary Results During the First Quarter 2024, the disrupted movie release schedule caused by the
NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) -- On March 31, 2025, Reading International, Inc. issued its Fourth Quarter and Full Year 2024 Earnings Press Release. The purpose of this press release is to correct the reconciliation of EBITDA and Adjusted EBITDA to net income (loss). The press release stated that net income (loss) for the quarter ended December 31, 2024 was ($5,816,000), interest expense $5,388,000, EBITDA $3,369,000 and Adjusted EBITDA $3,369,000. The correct amounts are net income (loss) ($2,239,000), interest expense $5,247,000, EBITDA $6,805,000, and Adjusted EBITDA $6,805,000. The corrected amounts have been inserted into the narrative and footnote of the corrected
Earnings Call Webcast to Discuss 2024 Fourth Quarter and Full Year Financial Results Scheduled to Post to Corporate Website by Wednesday, April 2, 2025 NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ:RDI) ("Reading" or our "Company"), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the fourth quarter and year ended December 31, 2024. Key Financial Results – Fourth Quarter 2024 compared to Fourth Quarter 2023 Total Revenues increased by 29.3% (or $13.3 million) to $58.6 million compared to $45.3 mil
Earnings Call Webcast to Discuss Third Quarter Financial Results Scheduled to Post to Corporate Website on Monday, November 18, 2024 NEW YORK, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ:RDI) ("Reading" or our "Company"), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the third quarter ended September 30, 2024. Third Quarter 2024 Summary Results The Company's third quarter 2024 key financial operating metrics – Total Revenues, Operating Income and Adjusted EBITDA – were all materially stronger than the previous three quarters, indicating t
Earnings Call Webcast to Discuss Second Quarter Financial Results Scheduled to Post to Corporate Website on Friday, August 16, 2024 NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ:RDI) ("Reading" or our "Company"), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the Second Quarter ended June 30, 2024. Second Quarter 2024 Summary Results The anticipated lingering effects of the 2023 Hollywood Strikes negat
Earnings Call Webcast to Discuss First Quarter Financial Results Scheduled to Post to Corporate Website on Friday, May 17, 2024 NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ:RDI) ("Reading" or our "Company"), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the First Quarter ended March 31, 2024. First Quarter 2024 Summary Results During the First Quarter 2024, the disrupted movie release schedule caused by the
NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ:RDI) ("Reading" or our "Company"), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the fourth quarter and year ended December 31, 2023. Full Year 2023 Summary compared to 2022 Notwithstanding the Writers and Actors strikes (the "2023 Hollywood Strikes") that effectively shut down Hollywood for months in 2023 and a 525-point spike in interest rates since March 2022, new movie releases are being well received by movie patrons and, generally speaking, things are moving in the right dire
Cinema Business Continues Strong ReboundBest Third Quarter Total Revenue, Operating Income & Adjusted EBITDA Since Q4 2019U.S. Real Estate Sets Highest Third Quarter Revenue Ever Earnings Call Webcast to Discuss Third Quarter Financial Results Scheduled to Post to Corporate Website on Thursday, November 16, 2023 NEW YORK, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ:RDI) (the "Company"), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the third quarter ended September 30, 2023. President and Chief Executive Officer, Ellen Cotter said, "Build
Cinema Business Continues to ReboundAchieved Best Quarterly Total Revenue & Operating Income Since the COVID-19 PandemicJuly Sets Cinema Revenue Records Earnings Call Webcast to Discuss Second Quarter Financial Results Scheduled to Post to Corporate Website on Wednesday, August 16, 2023 NEW YORK, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ:RDI) (the "Company"), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the second quarter ended June 30, 2023. President and Chief Executive Officer, Ellen Cotter
Earnings Call Webcast to Discuss First Quarter Financial Results Scheduled to Post to Corporate Website on Wednesday, May 17, 2023 NEW YORK, May 15, 2023 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ:RDI) (the "Company"), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the first quarter ended March 31, 2023. President and Chief Executive Officer, Ellen Cotter said, "During the first quarter of 2023, our global revenue grew 14%, negative EBITDA improved by 60% and our operating loss reduced by 33%. The strong box office performance of movies like Avatar: The
Earnings Call Webcast to Discuss 2022 Fourth Quarter and Full Year Financial ResultsScheduled to Post to Corporate Website on Tuesday, April 4, 2023 NEW YORK, April 03, 2023 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ:RDI), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the fourth quarter and year ended December 31, 2022. President and Chief Executive Officer, Ellen Cotter said, "We are pleased to deliver another year in our progressive recovery from the COVID-19 pandemic with 2022 global Consolidated Total Revenues at $203.1 million, an increase of 46%
Macquarie downgraded Reading Intl from Outperform to Neutral
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8-K - READING INTERNATIONAL INC (0000716634) (Filer)
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