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.
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.
Reading International, Inc. (NASDAQ: RDI) reported second-quarter revenues of $64.5 million, a 79% increase from $36.0 million in 2021, attributed to the resurgence of blockbuster films post-pandemic. The operating loss improved to $1.6 million from $12.5 million in the same quarter last year. However, the company posted a net loss of $2.4 million, down from $22.7 million net income in 2021, primarily due to non-replicated property sales. Real estate revenues rose slightly, and significant leasing transactions are underway. The company's cash and equivalents stand at $49.9 million.
Reading International, Inc. (NASDAQ: RDI) will present at Gabelli & Company’s 14th Annual Entertainment & Broadcasting Symposium on June 2, 2022, at 1:30 p.m. ET in New York City. Executives Gilbert Avanes and Andrzej Matyczynski will discuss the company's operations and performance. The symposium will facilitate discussions and meetings with senior management from various media organizations. For one-on-one meeting requests, attendees can contact Gabelli & Company.
Reading International, Inc. (NASDAQ: RDI) reported Q1 2022 revenues of $40.2 million, nearly double the $21.3 million from Q1 2021. The company decreased its operating loss to ($11.8) million from ($14.0) million year-over-year. Despite a basic loss per share of ($0.70), down from earnings of $0.87 in Q1 2021, positive developments were noted in both cinema and real estate sectors. Notably, real estate segment revenue rose to $4.2 million, and cash and cash equivalents totaled $67.3 million as of March 31, 2022.
Angelika Film Center, part of Reading International (NASDAQ:RDI), launches a free membership program on April 29, 2022, aimed at enhancing the moviegoing experience. In conjunction, the "Bring A Friend Back To The Movies" initiative offers one free ticket with every purchase for the film The Duke, releasing on April 22, 2022. The program includes benefits like point accumulation on tickets and discounts. This effort addresses the impact of the COVID-19 pandemic on theater attendance, promoting a safe return to cinemas.
Reading International, Inc. (NASDAQ: RDI) has reported its 2021 fourth quarter and full year financial results, showcasing substantial recovery despite ongoing pandemic challenges. Key metrics included a significant increase in basic earnings per share from a loss of $0.80 to a profit of $0.02, and worldwide revenues tripling to $49.9 million in Q4 2021. The company also realized $142 million from the strategic monetization of non-core real estate assets. CEO Ellen Cotter highlighted confidence in cinema recovery, backed by strong box office performances of recent films.
