Reading International, Inc - RDI STOCK NEWS

Record-breaking advance ticket sales for TAYLOR SWIFT: THE ERAS TOUR opening Oct. 13; concert film to be celebrated with private watch parties, collectibles, and more

Reading International, Inc. named finalist in SCCA Marketing Awards for its New’BARK’et Markets campaign. The event supports local businesses, fosters community connections, and enhances online engagement. The campaign has led to the development of an in-centre marketplace. The annual event has become a drawcard for the Brisbane community.

Reading International, Inc. will open its first-ever Angelika Film Centre in Australia, expanding outside of the U.S. The cinema will showcase independent, foreign, and specialty films. The Angelika at South/City/SQ in Woolloongabba will become Brisbane's hub for cinephiles. The cinema complex will consist of 8 screens, including 3 luxurious SoHo Lounge cinemas. Opening week tickets are priced at $10. The addition of Angelika Film Centre adds another drawcard for residents and tourists in the South/City/SQ precinct.

Reading International, Inc. (NASDAQ: RDI) achieved its best quarterly total revenue and operating income since the COVID-19 pandemic. President and CEO Ellen Cotter highlighted the strong performance of the global cinema business, driven by a significantly stronger movie slate, including the success of The Super Mario Bros. Movie. The company also set a new record for the highest monthly total cinema revenue in July 2023. The earnings call to discuss the second quarter financial results is scheduled for August 16, 2023.

Reading International, Inc. (NASDAQ: RDI) announces record-breaking global cinema revenues, driven by the success of Barbie and Oppenheimer. The weekend of July 21, 2023, saw the highest global box office revenues since April 2019, with impressive percentage increases in the United States (76%), Australia (50%), and New Zealand (46%). The company also experienced a surge in food and beverage revenues, with the 'Beachy Keen' cocktail becoming the best-selling cocktail in the U.S.

Reading International, Inc. (NASDAQ: RDI) announced its Q4 and full year 2022 financial results, with total revenues reaching $203.1 million, a 46% increase from 2021. However, Q4 revenues fell 5.4% to $47.2 million compared to the previous year due to a weaker film slate. The company reported an operating loss of $8.4 million for Q4 2022, up from $4.3 million in Q4 2021, and a net loss of $13.2 million. The cinema segment showed promise with a 51% increase in revenues for the year, while real estate revenues rose 32%. Looking ahead, the company is optimistic about increased theatrical releases in 2023.

Reading International, Inc. (NASDAQ: RDI) reported a significant 61% year-over-year revenue growth in Q3 2022, reaching $51.2 million, despite challenges like a soft Hollywood slate and currency fluctuations. The company's operating loss improved by 40% to $6.7 million, and net loss decreased by 49% to $5.2 million. Key developments include the resolution of an arbitration in New Zealand and ongoing real estate strategies in the U.S. The company remains optimistic about upcoming films and continues to enhance its cinema and real estate segments.

Reading International, Inc. (NASDAQ: RDI) will conduct its 2022 Annual Meeting of Stockholders virtually on December 15, 2022, at 2:00 p.m. ET. Only registered stockholders and appointed proxyholders by October 26, 2022, can participate. Details for registering and accessing the meeting will be shared in the upcoming Definitive Proxy Statement, expected to be mailed by November 4, 2022. Reading International is a diversified cinema and real estate company operating in the U.S., Australia, and New Zealand, known for brands like Reading Cinemas and Angelika Film Centers.