secwatch.observer — SEC 8-K summary
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Issuer:     READING INTERNATIONAL INC (RDI)
CIK:        0000716634
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0000716634-24-000027
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reading International Q2 net loss $9.3M on $46.8M revenue; cinema hit by strike fallout
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- Total Q2 revenue $46.8M (down 28%), operating loss $4.4M, net loss $9.3M, basic EPS -$0.42 (vs -$0.12).
- Global cinema revenue fell 30% to $42.9M; operating income swung to -$1.3M from $4.5M YoY.
- Sold Culver City office for $10M, retired $8.4M debt; extended NAB loan to July 2026; marketing Cannon Park and Wellington.
- July 2024 global cinema cash flow top-five since pandemic; management expects asset sales and stronger slate for better 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/716634/000071663424000027/0000716634-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/716634/000071663424000027/rdi-20240814x8k.htm
  HTML page:      https://secwatch.observer/filing/0000716634-24-000027

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