Reading International Q3 revenue up 61% to $51.2M, operating loss narrows 40% to $6.7M

READING INTERNATIONAL INC

2022-Q3 EPS reported -$1.04 revenue$155,908,000

Net loss attributable to Reading improved 49% to $5.2M from $10.1M in Q3 2021.
Cinema segment revenue $48.4M (+68%); operating loss improved 58% to $2.1M.
Real estate segment revenue $4.1M (+28%); operating loss reduced $1.3M from prior year.
Resolved Wellington arbitration; supermarket lease terminated with each party bearing costs.
Cash $39.6M, total debt $219.4M; anticipate new cinemas in Brisbane and Busselton in H2 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

READING INTERNATIONAL INC reported the third quarter ended September 30, 2022 results: revenue $51.2 million, net income $5.2 million.

Period: the third quarter ended September 30, 2022
Revenue: $51.2 million
Net income: $5.2 million
Result: reported results

Exact text from the filing

· Achieved global revenue of $51.2 million, a 61% increase from revenue of $31.8 million for the same period in 2021. · Operating loss improved by approximately 40% to $6.7 million, compared to an operating loss of $11.0 million for the same period in 2021. · N et loss attributable to Reading International, Inc. improved by 49% to $5.2 million in Q 3 2022, compared to a net loss of $10.1 million for the same period in 2021 .

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Source: SEC EDGAR

accession 0000716634-22-000034

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