Reading International Q1 revenue $45.8M (+14%), loss narrows to $7.9M; negative EBITDA improves 60%

READING INTERNATIONAL INC

2023-Q1 EPS reported -$0.50 revenue$45,807,000

Global revenue $45.8M (+14% YoY); operating loss -$7.9M (improved from -$11.8M); net loss -$11.1M.
Basic loss per share -$0.50 (improved from -$0.70); Adjusted EBITDA negative -$2.8M (improved 60%).
Cinema segment revenue $42.0M (+12%); operating loss -$4.6M (improved 36%). Real estate revenue $5.1M (+22%); operating income $1.0M.
Bank of America facility maturity extended to Sep 2024; monthly payments of $725k start May 2023 with balloon upon maturity.

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 first quarter ended March 31, 2023 results: revenue $45.8 million, net income $11.1 million, EPS $0.50.

Period: the first quarter ended March 31, 2023
Revenue: $45.8 million
Net income: $11.1 million
EPS: $0.50
Result: reported results

Exact text from the filing

assets, together with our dedicated global team, continue to drive improvement across our portfolio.” Key Financial Results – First Three Months of 2023 · Global revenue of $ 45.8 million increase d by 14% from $ 40.2 million in Q1 2022. · Operating loss was reduced by approximately 33% to a loss of $ 7.9 million, compared to an operating loss of $ 11.8 million

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Source: SEC EDGAR

accession 0000716634-23-000014

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