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Reading Intl Inc - RDI STOCK NEWS

Welcome to our dedicated page for Reading Intl news (Ticker: RDI), a resource for investors and traders seeking the latest updates and insights on Reading Intl stock.

Reading International Inc (RDI) provides investors and stakeholders with comprehensive updates across its cinema exhibition and real estate operations. This centralized resource aggregates official announcements, strategic developments, and operational milestones from the company's multiplex theaters and commercial property portfolio.

Access timely updates on earnings reports, cinema expansions, and property acquisitions in key markets including the United States, Australia, and New Zealand. Our curated news collection enables efficient tracking of RDI's dual-segment performance through verified press releases and objective reporting.

Key focus areas include theater network developments under brands like Reading Cinemas and Angelika Film Center, alongside updates on retail/commercial property assets. Content spans operational strategies, market positioning, and corporate governance matters relevant to both entertainment and real estate investors.

Bookmark this page for direct access to RDI's evolving business narrative, combining cinema industry expertise with commercial property management insights. Check regularly for new developments affecting the company's diversified operational framework.

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Reading International, Inc. (RDI) announces positive financial results for the fourth quarter and full year 2023 despite challenges like the 2023 Hollywood Strikes and interest rate spikes. Total Revenues increased by 10% to $222.7 million, Operating Loss reduced by 58% to $12 million, and Adjusted EBITDA significantly improved to $7.76 million. Each operating division showed growth, and key metrics like Basic loss per share and Net loss improved compared to 2022.
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Reading International, Inc. (NASDAQ: RDI) announced its third-quarter results, with global total revenues of $66.6 million, a 30% increase from Q3 2022. Operating income grew by 115% to $1.0 million, and adjusted EBITDA increased by 59% to $6.1 million. The company's real estate division also showed strong performance, with the highest third-quarter revenues ever. However, macroeconomic challenges and the impact of Hollywood strikes may affect future performance.
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Reading Cinemas (Australia) opens new cinema complex in Busselton, Western Australia, featuring full recliner seating and a TITAN LUXE auditorium. The company aims to provide a superior level of comfort and an unparalleled theatrical experience. Tickets for current films and Taylor Swift: The Eras Tour are now available for purchase.
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Reading International, Inc. will hold its 2023 Annual Meeting of Stockholders virtually on December 7, 2023. Registered stockholders and proxyholders can attend and vote online. Class B stockholders can participate from any location with internet connectivity. Details on how to register and access the meeting will be provided in the Company's Proxy Statement. Proxy materials will be available on the Company website. Stockholders are urged to vote and submit proxies in advance.
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Consolidated Theatres will premiere the concert film 'Taylor Swift: The Eras Tour' on October 13, 2023, with high pre-sales indicating potential success. Private watch parties for the film will be available starting October 19, 2023. Limited edition collectibles, including mini one sheets, cups, and popcorn tubs, will be offered. Consolidated Theatres also announces a 72-hour flash sale for a $100 E-Gift Card, which includes a free $30 Bonus E-Gift Card. The sale aims to promote upcoming movies and concert events.
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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
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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
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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.
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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.
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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.
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Nasdaq:RDI

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RDI Stock Data

27.85M
16.66M
19.68%
48.5%
0.61%
Entertainment
Services-motion Picture Theaters
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United States
CULVER CITY