Reading International Q3 revenue $66.6M (+30% YoY); operating income turns to $1.0M; adjusted EBITDA $6.1M

READING INTERNATIONAL INC

2023-Q3 EPS reported -$0.82 revenue$177,425,000

Global Q3 revenue $66.6M (+30% YoY); operating income $1.0M vs loss; Adjusted EBITDA $6.1M (+59%).
Cinema segment revenue $62.7M (+30%); operating income $4.4M vs $2.1M loss. Real estate revenue $5.1M (+24%); op income $0.9M vs loss.
Sold Maitland (NSW) for A$2.8M; listed Culver City office and Williamsport industrial for sale; exploring sale of Cinemas 123.
Debt modifications: Cinemas 123 term loan extended to Oct 2024; NAB facility to July 2025. Cash $11.9M; total debt $208.6M.
Cautious on 2024 due to Hollywood strikes; optimistic on holiday movie slate and end of SAG-AFTRA strike.

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 1.0

READING INTERNATIONAL INC reported the third quarter ended September 30, 2023 results: revenue $66.6 million.

Period: the third quarter ended September 30, 2023
Revenue: $66.6 million
Result: reported results

Exact text from the filing

said, “ Building on the success of our strong second quarter, the Company continued that positive momentum into the third quarter by delivering g lobal t otal r evenues of $66.6 million , which grew by 30% compared to the third quarter of 2022 . Compared to the third quarter of 2022, our g lobal o perating i ncome increased by 115% to $1.0 million, and our

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Source: SEC EDGAR

accession 0000716634-23-000033

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