secwatch.observer — SEC 8-K summary
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Issuer:     READING INTERNATIONAL INC (RDI)
CIK:        0000716634
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0000716634-23-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/716634/000071663423000033/0000716634-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/716634/000071663423000033/rdi-20231114x8k.htm
  HTML page:      https://secwatch.observer/filing/0000716634-23-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer