Reading International, Inc. (NASDAQ: RDI) operates in the entertainment and real estate sectors, primarily managing cinemas and real estate assets across the United States, Australia, and New Zealand. The company faces competition from other cinema chains and real estate firms.
On April 6, 2026 (with results released March 31, 2026), RDI reported a basic loss per share of -$0.11. Revenue for the quarter was $50.3 million, reflecting a year-over-year decrease primarily due to a softer film slate in the U.S., Australia, and New Zealand compared to the strong Q4 2024 lineup. Additional factors included the closure of two unprofitable theaters (a 14-screen cinema in the U.S. and a 3-screen cinema in New Zealand) and reduced real estate rental revenue in Australia and New Zealand following strategic asset sales, as noted by CFO Gilbert Avanes.
The Q4 2025 earnings materials revealed the $8.3 million revenue decline versus the prior-year period. Despite these pressures, management emphasized progress in improving the balance sheet, including debt reduction through asset sales. Full-year 2025 consolidated revenue totaled $203 million, a 4% decrease year-over-year, impacted by industry-wide movie release schedule changes and lingering effects from prior challenges.
For the quarter, RDI reported a net loss of $2.6 million and an operating loss of ~$1.0 million. Adjusted EBITDA stood at $5.1 million.
Despite near-term challenges, RDI's management remains optimistic about early signs of improved cinema performance in 2026, supported by a stronger anticipated film slate. The company's strategic initiatives—including asset sales and focus on financial discipline—aim to strengthen its position and adapt to evolving industry dynamics.
