Reading International(RDI)

Search documents
Reading International(RDI) - 2024 Q1 - Quarterly Results
2024-05-15 21:11
For more information, contact: Gilbert Avanes – EVP, CFO, and Treasurer Andrzej Matyczynski – EVP Global Operations (213) 235-2240 Reading International Reports First Quarter 2024 Results 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 - Reading International, Inc. (NASDAQ: RDI) ("Reading" or our "Company"), an internationally diversified cinema and real estate company with operations and assets in the Uni ...
Reading International(RDI) - 2024 Q1 - Quarterly Report
2024-05-15 20:59
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ READING INTERNATIONAL, INC. (Exact name of Registrant as specified in its charter) Nevada State or other jurisdiction of incorporation or organization) FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2024 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXC ...
Reading International Reports First Quarter 2024 Results
Newsfilter· 2024-05-15 13:00
Core Viewpoint - Reading International, Inc. faced financial challenges in Q1 2024 due to the ongoing impact of the 2023 Hollywood Strikes, which disrupted movie releases and affected cinema revenues. However, the company managed to reduce its operating loss and demonstrated resilience through its real estate operations, which performed strongly despite the challenges in the cinema segment [2][3][5]. Cinema Business - Total cinema revenue for Q1 2024 was $41.3 million, a slight decrease of 2% compared to $41.9 million in Q1 2023 [6][10]. - The operating loss for the cinema segment improved by 10% to $4.2 million from $4.6 million in Q1 2023 [6][10]. - The U.S. cinema business outperformed the North American box office, gaining market share despite closing three theaters, attributed to strong performances from arthouse films [10]. - Upcoming film releases are expected to enhance cinema revenues, with a robust schedule for 2024 and 2025 featuring major titles from Disney and other studios [5][10]. Real Estate Business - The real estate segment generated $4.9 million in revenue for Q1 2024, a decrease of 3% from $5.1 million in Q1 2023 [6][10]. - The operating income from real estate was $0.9 million, down 12% from $1.0 million in Q1 2023, influenced by the monetization of two properties [6][10]. - The Australian real estate division achieved its highest quarterly operating income since Q2 2018, indicating strong performance in this segment [7]. Balance Sheet and Liquidity - As of March 31, 2024, cash and cash equivalents were $7.5 million, with total gross debt reduced to $195.7 million from $210.3 million at the end of 2023 [10][22]. - The company generated $11.3 million in net sales proceeds from the sale of real estate assets, which will be used to support operations and reduce debt [5][10]. - The total assets decreased to $494.9 million from $533.1 million as of December 31, 2023, reflecting the impact of asset sales [10][22].
Reading International(RDI) - 2023 Q4 - Earnings Call Transcript
2024-04-05 04:20
Reading International, Inc. (NASDAQ:RDI) Q4 2023 Earnings Conference Call April 2, 2024 5:00 PM ET Company Participants Andrzej Matyczynski - EVP, Global Operations Ellen Cotter - Vice Chair, CEO & President Gilbert Avanes - EVP, CFO & Treasurer Conference Call Participants Andrzej Matyczynski Thank you for joining Reading International’s Earnings Call to discuss our 2023 Fourth Quarter and Full Year Results. My name is Andrzej Matyczynski, and I’m Reading’s Executive Vice President of Global Operations. Wi ...
Reading International(RDI) - 2023 Q4 - Annual Report
2024-03-29 21:24
Washington, D.C. 20549 FORM 10-K þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ______ Commission File No. 1-8625 READING INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Nevada (State or other jurisdiction of incorporation or organization) UNITED STATES SECURITIES ...
Reading International(RDI) - 2023 Q3 - Earnings Call Transcript
2023-11-20 23:30
Reading International, Inc. (NASDAQ:RDI) Q3 2023 Earnings Conference Call November 16, 2023 9:00 AM ET Company Participants Andrzej Matyczynski - Executive Vice President-Global Operations Ellen Cotter - Vice-Chair, Chief Executive Officer & President Gilbert Avanes - Executive Vice President, Chief Financial Officer & Treasurer Conference Call Participants Andrzej Matyczynski Thank you for joining Reading International’s Earnings Call to discuss our 2023 Third Quarter Results. My name is Andrzej Matyczynsk ...
Reading International(RDI) - 2023 Q3 - Quarterly Report
2023-11-15 01:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 1-8625 READING INTERNATIONAL, INC. (Exact name of ...
Reading International(RDI) - 2023 Q2 - Quarterly Report
2023-08-14 21:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 1-8625 READING INTERNATIONAL, INC. (Exact name of Regi ...
Reading International(RDI) - 2023 Q2 - Earnings Call Transcript
2023-08-14 19:00
Reading International, Inc. (NASDAQ:RDI) Q2 2023 Earnings Conference Call August 14, 2023 8:00 AM ET Company Participants Andrzej Matyczynski - Executive Vice President, Global Operations Ellen Cotter - Vice-Chair of the Board and Chief Executive Officer and President Gilbert Avanes - Executive Vice President, Chief Financial Officer and Treasurer Andrzej Matyczynski Second Quarter 2023 Conference Call. Thank you for joining Reading International’s Earnings Call to discuss our 2023 Second Quarter Results. M ...
Reading International(RDI) - 2023 Q1 - Earnings Call Transcript
2023-05-17 20:00
Reading International, Inc. (NASDAQ:RDI) Q1 2023 Earnings Conference Call May 17, 2023 9:00 AM ET Company Participants Andrzej Matyczynski - Executive Vice President of Global Operations Ellen Cotter - Vice Chairman, President and Chief Executive Officer Gilbert Avanes - Executive Vice President and Chief Financial Officer Conference Call Participants Andrzej Matyczynski Thank you for joining Reading International’s Earnings Call to discuss our 2023 First Quarter Results. My name is Andrzej Matyczynski, and ...