Reading | 8-K: FY2025 Q3 Revenue Misses Estimate at USD 52.17 M

Revenue: As of FY2025 Q3, the actual value is USD 52.17 M, missing the estimate of USD 58.75 M.

EPS: As of FY2025 Q3, the actual value is USD -0.18, missing the estimate of USD -0.0875.

EBIT: As of FY2025 Q3, the actual value is USD 188 K.

Segment Revenue

• Cinema Revenue: Q3 2025 cinema revenue was $48.6 million, a decrease of 14% compared to Q3 2024. For the nine months ended September 30, 2025, cinema revenue was $141.7 million, a slight increase of 1% compared to the same period in 2024.
• Real Estate Revenue: Q3 2025 real estate revenue was $4.6 million, a decrease of 7% compared to Q3 2024. For the nine months ended September 30, 2025, real estate revenue was $14.1 million, a decrease of 5% compared to the same period in 2024.

Operational Metrics

• Operating Loss: Q3 2025 operating loss was $0.3 million, remaining flat compared to Q3 2024. For the nine months ended September 30, 2025, operating loss was $4.3 million, an improvement of 72% compared to a loss of $15.6 million for the same period in 2024.
• Net Loss: Q3 2025 net loss attributable to Reading was $4.2 million, an improvement of 41% compared to a loss of $7.0 million in Q3 2024. For the nine months ended September 30, 2025, net loss attributable to Reading was $11.6 million, an improvement of 65% compared to a loss of $33.1 million for the same period in 2024.
• EBITDA: Q3 2025 EBITDA was $3.6 million, an improvement of 26% compared to Q3 2024. For the nine months ended September 30, 2025, EBITDA was $12.8 million, an improvement of 372% compared to an EBITDA loss of $4.7 million for the same period in 2024.

Cash Flow

• Cash and Cash Equivalents: As of September 30, 2025, cash and cash equivalents were $8.1 million.

Unique Metrics

• Debt Reduction: Total gross debt decreased by 14.8% (or $30.1 million) from December 31, 2024, primarily funded by the net proceeds from the sales of two major property assets in Australia and New Zealand.

Outlook / Guidance

• Reading International anticipates a strong rebound in the fourth quarter of 2025, driven by high presales for ‘Wicked: For Good’ and a promising holiday film lineup. The company is well-positioned for a stronger 2026, supported by a robust real estate portfolio and an exciting movie release schedule.