Reading International Q3 net loss narrows to $10.1M; revenue up 212% to $31.8M

READING INTERNATIONAL INC

2021-Q3 EPS reported $1.41 revenue$89,142,000

Net loss improved from ($19.2M) to ($10.1M) YoY; basic loss per share from ($0.88) to ($0.46).
Global revenues $31.8M (+212% YoY) driven by US cinema reopenings and blockbuster releases.
Sold five real estate assets in 2021 for $141.9M gross, reducing total debt to $245.8M and cash to $90.9M.
As of Sept 30, 43 of 62 cinemas open; all Australian cinemas reopened by Oct 29, 2021.
Real estate segment operating loss of ($1.5M) due to 44 Union Square costs and Auburn/Redyard sale.

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