secwatch.observer — SEC 8-K summary
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Issuer:     READING INTERNATIONAL INC (RDI)
CIK:        0000716634
Form:       8-K
Filed at:   2025-05-16T23:59:59+00:00
Accession:  0000716634-25-000032
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reading International Q1 2025 net loss narrows 64% to $4.8M; revenues down 11% to $40.2M
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- Total revenues $40.2M, down from $45.1M in Q1 2024; cinema attendance softened by lingering Hollywood strikes and screen closures.
- Net loss attributable to Reading $4.8M ($0.21/sh), improved from $13.2M loss ($0.59/sh) a year earlier.
- Positive EBITDA of $2.9M vs. loss of $4.0M in Q1 2024, aided by $6.6M book gain from Wellington NZ property sale.
- Sold Wellington properties for NZ$38M; used proceeds to pay off NZ$18.8M Westpac loan and reduce Bank of America debt by $6.1M.
- Contracted to sell Cannon Park (Townsville, Australia) for AU$32M; proceeds earmarked for further debt reduction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/716634/000071663425000032/0000716634-25-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/716634/000071663425000032/rdi-20250515x8k.htm
  HTML page:      https://secwatch.observer/filing/0000716634-25-000032

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