---
schema_version: "secwatch.filing_event.v1"
accession: "0000716634-24-000020"
form_type: "8-K"
ticker: "RDI"
cik: "0000716634"
company_name: "READING INTERNATIONAL INC"
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:50:48.678462+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Reading International Q1 revenue $45.1M, net loss $13.2M, plans asset sales for liquidity

## Summary
- Total revenue $45.1M (-2% YoY); operating loss improved to $7.5M from $7.9M.
- Net loss attributable to Reading $13.2M vs $11.1M (worsened 19%); basic loss per share $0.59 vs $0.50.
- Adjusted EBITDA loss widened to $4M from $2.8M (increase of 40%).
- Real estate segment revenue $4.9M (-3%), operating income $0.9M (-12%); cash $7.5M, total debt $195.7M.
- Company sold Culver City office for $10M in Q1; plans to monetize additional properties (Cannon Park, Williamsport) to raise liquidity.

## SEC filing metadata
- accession: 0000716634-24-000020
- form_type: 8-K
- ticker: RDI
- cik: 0000716634
- company_name: READING INTERNATIONAL INC
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/716634/000071663424000020/0000716634-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/716634/000071663424000020/rdi-20240515x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000716634-24-000020
- JSON: https://secwatch.observer/filing/0000716634-24-000020.json
- Plain text: https://secwatch.observer/filing/0000716634-24-000020.txt

## Key facts
- Earnings Releases
  READING INTERNATIONAL INC reported First Quarter ended March 31, 2024 results: revenue $45.1 million, net income ($13.2 million), EPS ($0.59) per share.
  - Period: First Quarter ended March 31, 2024
  - Revenue: $45.1 million
  - Net income: ($13.2 million)
  - EPS: ($0.59) per share
  - Result: reported results
  source text: · Total Revenues decreased slightly by 2% (or $0.8 million) to $45.1 million compared to $45.8 million in Q1 2023. · Operating Loss improved by 4% (or $0.3 million) to a loss of $7.5 million compared to a Q1 2023 operating loss of $7.9 million. · Adjusted EBITDA loss of $4 million increased by 40% from a negative $2.8 million in Q1 2023. · Basic loss per share weakened by 18% (or $0.09) to a loss of $0.59 compared to a loss of $0.50 for Q1 2023. · Net loss attributable to Reading increased by 19% to a loss of $13.2 million compared to a loss of $11.1 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/716634/000071663424000020/0000716634-24-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.