READING INTERNATIONAL INC
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 14, 2024
RDIB$11.61+17.2%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income (Unaudited)
(Unaudited; U.S. dollars in thousands, except per share data)
| Quarter Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | ||||
| Cinema | $42,942 | $61,056 | $84,213 | $103,042 |
| Real estate | 3,867 | 3,999 | 7,648 | 7,819 |
| Total revenue | 46,809 | 65,055 | 91,861 | 110,861 |
| Costs and expenses | ||||
| Cinema | (39,418) | (51,364) | (80,138) | (93,019) |
| Real estate | (2,461) | (2,104) | (4,696) | (4,319) |
| Depreciation and amortization | (4,011) | (4,689) | (8,216) | (9,329) |
| General and administrative | (5,271) | (5,109) | (10,693) | (10,288) |
| Total costs and expenses | (51,161) | (63,266) | (103,743) | (116,955) |
| Operating income (loss) | (4,352) | 1,789 | (11,882) | (6,094) |
| Interest expense, net | (5,252) | (4,874) | (10,537) | (8,991) |
| Gain (loss) on sale of assets | 9 | — | (1,116) | — |
| Other income (expense) | (216) | (86) | 123 | 91 |
| Income (loss) before income tax expense and equity earnings of unconsolidated joint ventures | (9,811) | (3,171) | (23,412) | (14,994) |
| Equity earnings of unconsolidated joint ventures | 119 | 207 | 94 | 226 |
| Income (loss) before income taxes | (9,692) | (2,964) | (23,318) | (14,768) |
| Income tax benefit (expense) | 156 | 103 | 379 | 583 |
| Net income (loss) | $(9,536) | $(2,861) | $(22,939) | $(14,185) |
| Less: net income (loss) attributable to noncontrolling interests | (195) | (83) | (370) | (296) |
| Net income (loss) attributable to Reading International, Inc. | $(9,341) | $(2,778) | $(22,569) | $(13,889) |
| Basic earnings (loss) per share | $(0.42) | $(0.12) | $(1.01) | $(0.63) |
| Diluted earnings (loss) per share | $(0.42) | $(0.12) | $(1.01) | $(0.63) |
| Weighted average number of shares outstanding–basic | 22,413,617 | 22,262,214 | 22,379,881 | 22,183,618 |
| Weighted average number of shares outstanding–diluted | 23,246,591 | 23,502,506 | 23,294,887 | 23,423,910 |
C
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