Reading International Inc (OQ:RDI)
Business Focus: Movie Theaters & Movie Products
| Sector: Consumer Cyclicals | Industry: Leisure & Recreation |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 5995 Sepulveda Blvd Ste 300 CULVER CITY CA 90230-6415 |
| Tel: | N/A |
| Website: | www.readingrdi.com |
| IR: | See website |
| Key People | ||
| Margaret Cotter Chairman of the Board, Executive Vice President - Real Estate Management and Development | Mark D. Douglas Managing Director, Australia and New Zealand | Ellen Marie Cotter President, Chief Executive Officer, Vice Chairman of the Board |
| Gilbert Avanes Chief Financial Officer, Executive Vice President, Treasurer | Robert F. Smerling President, US Cinemas | John Goeddel Executive Vice President, Chief Information Officer |
| S. Craig Tompkins Executive Vice President, General Counsel | Andrzej J. Matyczynski Executive Vice President - Global Operations | Terri Moore Executive Vice President - U.S. Cinema Operations | Steven John Lucas Chief Accounting Officer, Vice President, Controller |
| Business Overview |
| Reading International, Inc. is an entertainment and real estate company. The Company is engaged in the development, ownership, and operation of cinemas and retail and commercial real estate in the United States, Australia, and New Zealand. The Company's segments are Theatrical Motion Picture Exhibition (Cinema Exhibition), and Real Estate. The Cinema Exhibition segment is engaged in cinema experiences for its guests through hospitality-styled comfort and service, state-of-the-art cinematic presentation, designed venues, curated film, and event programming, and crafted food and beverage options. The Company's Real Estate segment is engaged in the real estate business through the development and its ownership and rental or licensing to third parties of retail, commercial, and live theatre assets. Its commercial brands include Reading Cinemas, Consolidated Theatres, Angelika Film Center, State Cinema, Angelika Anywhere, 44 Union Square, Newmarket Village, and Cannon Park. |
| Financial Overview |
| For the three months ended 31 March 2024, Reading International Inc revenues decreased 2% to $45.1M. Net loss increased 19% to $13.2M. Revenues reflect Cinema exhibition segment decrease of 2% to $41.3M, Rental Real Estate segment decrease of 3% to $4.9M. Higher net loss reflects Rental Real Estate segment income decrease of 12% to $890K. Basic Earnings per Share excluding Extraordinary Items decreased from -$0.50 to -$0.59. |
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