READING INTERNATIONAL INC SEC 10-Q Report
Reading International Inc. released its 10-Q report for Q3 2025, showing a total revenue of $52.17 million, down from $60.09 million in Q3 2024, mainly due to lower cinema revenue. Operating loss improved slightly to $(329) thousand, and net loss reduced to $(4.31) million. Basic and diluted EPS improved to $(0.18). The cinema and real estate segments contributed to revenue across the US, Australia, and New Zealand. Management expects better cinema patronage and plans to raise liquidity through real estate monetization and refinancing.
Reading International Inc., a diversified company primarily engaged in the cinema and real estate sectors, has released its Form 10-Q report for the quarter ended September 30, 2025. The report highlights the company's financial performance and operational activities during the period, providing insights into its revenue streams, geographical performance, and future outlook.
Financial Highlights
Total Revenue: $52.17 million for the quarter ended September 30, 2025, reflecting a decrease from $60.09 million in the same period in 2024, primarily due to lower cinema revenue.
Operating Income (Loss): $(329) thousand for the quarter ended September 30, 2025, compared to $(343) thousand in the same period in 2024, indicating a slight improvement despite lower revenues.
Net Income (Loss): $(4.31) million for the quarter ended September 30, 2025, compared to $(7.14) million in the same period in 2024, showing a reduction in net loss.
Basic EPS: $(0.18) for the quarter ended September 30, 2025, compared to $(0.31) in the same period in 2024, reflecting an improvement in earnings per share.
Diluted EPS: $(0.18) for the quarter ended September 30, 2025, compared to $(0.31) in the same period in 2024, consistent with basic EPS.
Business Highlights
Revenue Segments: The cinema segment generated revenue from admissions, concessions, and advertising across the United States, Australia, and New Zealand. The real estate segment earned revenue through property rentals and live theatre operations in the United States, Australia, and New Zealand.
Geographical Performance: In the United States, cinema admissions revenue was $13.8 million for the quarter, with concessions revenue at $9.3 million. In Australia, admissions revenue was $12.4 million, and in New Zealand, it was $1.8 million. The real estate segment in the United States generated $1.95 million in revenue, while Australia contributed $2.39 million.
Sales Units: The cinema segment reported admissions revenue of $40.1 million in the United States, $36.3 million in Australia, and $5.7 million in New Zealand for the nine months ended September 30, 2025.
Future Outlook: Management anticipates improvements in cinema patronage and operating revenue levels with an increase in the quantity and quality of films being released. The company plans to raise liquidity through real estate asset monetizations and refinancing efforts to address going concern uncertainties.
SEC Filing: READING INTERNATIONAL INC [ RDI ] - 10-Q - Nov. 14, 2025
