Reading International reports strong 2024 Holiday Box Office Results

Core Insights - Reading International, Inc. achieved record box office revenues during the November and December 2024 holiday period, driven by the release of major Hollywood films such as Wicked, Moana 2, Gladiator II, Mufasa: The Lion King, and Sonic the Hedgehog 3 [1][8] - The company's Australian circuit, under the Reading Cinemas and Angelika brands, set box office revenue records for both November and December 2024 [2] - December 2024 marked the highest box office results for that month ever, surpassing the previous record set in December 2019, while November 2024 also achieved the highest results for that month [8] Company Operations - Reading International operates cinema brands including Reading Cinemas, Consolidated Theatres, and Angelika, and has a presence in the United States, Australia, and New Zealand [4][5] - The company has launched a new loyalty program in Australia, Reading Rewards, allowing customers to earn and redeem points for tickets and food & beverage items, with an option to upgrade to a Boost tier for additional benefits [2] Financial Performance - Despite closing eight unprofitable cinemas (52 screens) in the United States since January 2019, the box office for the company's brands in the U.S. achieved significant revenue milestones [2] - The box office performance in December 2024 was noted as the highest since the pandemic, indicating a strong recovery in cinema attendance [8]