Reading International’s Q1 2025 Financial Performance

Reading International ( (RDI) ) has released its Q1 earnings. Here is a breakdown of the information Reading International presented to its investors.

Reading International, Inc., a diversified cinema and real estate company, operates in the United States, Australia, and New Zealand, focusing on cinema operations and real estate development.

In the first quarter of 2025, Reading International reported a decline in total revenues to $40.2 million, primarily due to reduced cinema attendance and unfavorable foreign exchange rates. Despite these challenges, the company improved its operating loss by 8.5% compared to the previous year, marking the best first-quarter performance since 2019.

Key financial highlights include a significant improvement in EBITDA, which turned positive at $2.9 million, a 173% increase from the previous year’s loss. This was largely driven by the profitable sale of properties in Wellington, New Zealand. The company also reported a net loss of $4.8 million, a substantial improvement from the $13.2 million loss in Q1 2024. The real estate division showed strong performance with a 79% increase in operating income, the highest since 2018.

Looking ahead, Reading International remains optimistic about the cinema industry’s recovery, buoyed by recent box office successes and an exciting upcoming movie slate. The company continues to focus on operational efficiencies and strategic real estate transactions to strengthen its financial position.

Overall, Reading International’s management is cautiously optimistic about the future, emphasizing ongoing efforts to enhance operational efficiencies and capitalize on strategic opportunities in both cinema and real estate sectors.