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Reading International Inc (RDI)
NASDAQ:RDI
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.42Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: 0.80%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a strong recovery in the fourth quarter of 2024, with significant improvements in revenue and EBITDA driven by a robust film slate and effective cost management. However, the full-year results were impacted by external challenges such as the 2023 Hollywood strikes, resulting in a decline in total revenue and increased net loss. Efforts to reduce debt and monetize real estate assets were positive steps towards improving financial stability.Company Guidance
During the Reading International's Fourth Quarter 2024 Earnings Call, the company provided guidance highlighting significant improvements across key operational metrics compared to the previous year. The Q4 2024 global total revenue was $58.6 million, marking a 29% increase from Q4 2023, the best since Q4 2019. Global operating income rose by 122% to $1.5 million, and adjusted EBITDA surged by over 400% to $6.8 million. The global cinema revenue reached $54.6 million, a 30% rise from Q4 2023, while global real estate revenues increased by 14% to $5.2 million. The company emphasized strategic initiatives, including asset monetization and debt reduction, aiming to enhance liquidity. Looking forward, Reading International anticipates exciting movie lineups in 2025 to boost its cinema business, despite facing challenges such as the impacts of the 2023 Hollywood strikes. The company also plans to upgrade theaters in several locations and continues to explore opportunities for asset sales to further strengthen its financial position.Strong Fourth Quarter Performance
Q4 2024 global total revenue was $58.6 million, a 29% increase from Q4 2023, marking the best fourth quarter since Q4 2019. Adjusted EBITDA increased over 400%, reaching $6.8 million.
Improved Cinema and Real Estate Segments
Global cinema revenue for Q4 2024 was $54.6 million, a 30% increase from Q4 2023. Global real estate revenue increased by 14% in Q4 2024, with a notable 148% increase in operating income.
Effective Cost Management
Reduction in net cash used in operating activities by $5.9 million in 2024. Efforts to monetize real estate assets, including the sale of the Culver City office for $10 million and property assets in Wellington, NZ.
Successful Debt Reduction Initiatives
Reduction of outstanding borrowings to $202.7 million by the end of 2024, down from $210.3 million at the end of 2023, aided by real estate sales and refinancing efforts.
Record High Food and Beverage Spend Per Patron (F&B SPP)
For the full year 2024, F&B SPP reached record highs in all cinema divisions, contributing to improved financial performance.
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RDI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RDI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 31, 2025 | $1.25 | $1.39 | +11.20% |
| Nov 14, 2024 | $1.40 | $1.45 | +3.57% |
| Aug 14, 2024 | $1.47 | $1.42 | -3.40% |
| May 15, 2024 | $1.71 | $1.68 | -1.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Reading International Inc (RDI) report earnings?
Reading International Inc (RDI) is schdueled to report earning on Aug 18, 2025, TBA Not Confirmed.
What is Reading International Inc (RDI) earnings time?
Reading International Inc (RDI) earnings time is at Aug 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RDI EPS forecast?
Currently, no data Available
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