earnings
confidence high
sentiment negative
materiality 0.70
Reading Intl Q3 2024 revenue falls 10% to $60.1M; net loss widens to $6.9M
READING INTERNATIONAL INC
2024-Q3 EPS reported
-$1.32
revenue$151,951,000
- Total revenue $60.1M vs $66.6M a year ago; operating loss $0.2M vs income $1.0M.
- Net loss attributable to Reading $6.9M ($0.31 loss per share) vs $4.4M ($0.20 loss) in Q3 2023.
- Adjusted EBITDA dropped 52% to $2.9M from $6.1M; global cinema operating income fell to $2.3M.
- Australian cinema revenue of $24.7M set a Q3 record; global real estate operating income rose 52% to $1.4M.
- Cash $10.1M, total debt $215.0M; company working to improve liquidity via asset sales and loan modifications.