Reading Cinemas

Reading International Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, April 1, 2024
Super Mario, F&B, 44 Union Square, Relaxation, International, Webcast, Bank, Tenant, Sale, Live Theatre Company, Writer, Mission, DC Studios, Avatar, Jurassic World, Avatar 3, Warner Bros., Reading Cinemas, Creativity, SAG, Universal, Depreciation, Minetta Lane Theatre, Marketing, TITAN, RDI, Film industry

NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ: RDI) (“Reading” or our “Company”), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ: RDI) (“Reading” or our “Company”), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the fourth quarter and year ended December 31, 2023.
  • Our 2023 results included $19.4 million of interest and $18.4 million of depreciation and amortization.
  • Excluding the impact of real estate monetizations, this Basic Loss per Share was the best fourth quarter result since the pandemic.
  • The unprecedented 2023 Hollywood Strikes impacted our Q4 2023 results and created real challenges for early 2024.

Reading International Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 14, 2023
Sale, The Color Purple, Consolidated Theatres, National Australia Bank, Webcast, EBITDA, Ballad, Angelika, City, Angelika Film Center, International, RDI, Reading Cinemas, SIX Financial Information, Depreciation, Consolidated, Snake, Tenant, TITAN, Adjustment, Website, Bookkeeping, Film industry, Tourism, Bank, Video game, Real estate, Cryptocurrency, Songbird, Treasurer

NEW YORK, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ: RDI) (the “Company”), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the third quarter ended September 30, 2023.

Key Points: 
  • Best Third Quarter Total Revenue, Operating Income & Adjusted EBITDA Since Q4 2019
    Scheduled to Post to Corporate Website on Thursday, November 16, 2023
    NEW YORK, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ: RDI) (the “Company”), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the third quarter ended September 30, 2023.
  • These third quarter results for global total revenue, operating income, and adjusted EBITDA each represent the highest for any third quarter since the end of 2019.
  • The changes between the third quarter of 2023 and the third quarter of 2022 were primarily attributable to the rent recognized in Q3 2023 from Petco at 44 Union Square that did not occur in the same period of the prior year.
  • Questions and topics for consideration should be submitted to [email protected] by 5:00 p.m. Eastern Time on November 15, 2023.

Reading Cinemas in Australia announces the opening of its state-of-the-art Reading Cinemas Busselton

Retrieved on: 
Friday, September 29, 2023
Atmos, Kraken, Australian Unity, Palace Cinemas (Australia), Food, Reading Cinemas, Friends, Brisbane International Film Festival, Angelika, Premium, Creator, RDI, Gold, 20th Century Studios, Eras, TITAN, Dolby Atmos, The Eras Tour, Film industry, Music

CULVER CITY, Calif., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Reading Cinemas (Australia), an affiliate of Reading International, Inc. (NASDAQ: RDI), today announced the opening of its latest cinema complex in Busselton, Western Australia.

Key Points: 
  • CULVER CITY, Calif., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Reading Cinemas (Australia), an affiliate of Reading International, Inc. (NASDAQ: RDI), today announced the opening of its latest cinema complex in Busselton, Western Australia.
  • This marks Reading’s fourth location in Western Australia, joining complexes in Belmont, Mandurah, and the recently re-branded Reading Cinemas in Armadale.
  • A brand-new Premium offering with enhanced food and beverage will showcase Reading Cinemas Busselton as the Gold standard in Australian cinema.
  • “We couldn’t be more excited to join the Busselton community, in conjunction with our friends at Australian Unity,” said Mark Douglas, Managing Director of Reading Cinemas Australia.

Consolidated Theatres Presents All-Access Pass to the Ultimate Concert Experience with TAYLOR SWIFT: THE ERAS TOUR as Moviegoers Set Record-Breaking Advance Ticket Sales

Retrieved on: 
Monday, September 25, 2023
Autumn, Consolidated Theatres (Hawaii), COME, METALLICA, Snake, Reading Cinemas, Friends, ERAS, Season, DC, Record, Walt Disney Animation Studios, Illumination (company), The Marvels, Marketing, Sale, RDI, Winx Club: The Secret of the Lost Kingdom, Immersion, Sound, Hunger, Consolidated, RED, Ballad, Family, Consolidated Theatres, VIP, Music, Amusement park, Entertainment, Clothing, Swift, Songbird

Consolidated Theatres , an affiliate of Reading International, Inc. (NASDAQ: RDI), is ushering fans into a VIP concert movie experience with TAYLOR SWIFT: THE ERAS TOUR, opening on October 13, 2023.

Key Points: 
  • Consolidated Theatres , an affiliate of Reading International, Inc. (NASDAQ: RDI), is ushering fans into a VIP concert movie experience with TAYLOR SWIFT: THE ERAS TOUR, opening on October 13, 2023.
  • Following pop icon Taylor Swift as she performs her biggest hits in the record-breaking concert, the film is setting records of its own - with advance ticket sales for TAYLOR SWIFT: THE ERAS TOUR making beautiful box office music.
  • Starting October 13, 2023, we are proud to be premiering the TAYLOR SWIFT: THE ERAS TOUR concert movie across all our Consolidated locations on Oahu.
  • Providing an exclusive viewing experience for 1-40 guests, private watch parties showcasing TAYLOR SWIFT: THE ERAS TOUR are available to book now.

Get an All-Access Pass to the Ultimate Concert Experience at Reading Cinemas

Retrieved on: 
Monday, September 25, 2023
Pajama Party, Snake, Reading Cinemas, Friends, Reading, DC, Record, Walt Disney Animation Studios, Illumination (company), Father of the Bride (album), Sale, The Eras Tour, Movie theater, RDI, Winx Club: The Secret of the Lost Kingdom, Red Rocks Amphitheatre, Hunger, Eras, Ballad, Family, VIP, Film industry, Amusement park, Online shopping, Christmas, Songbird

Reading Cinemas , an affiliate of Reading International, Inc. (NASDAQ: RDI), is ushering fans into a VIP concert movie experience with Taylor Swift: The Eras Tour, opening on Friday, Oct. 13.

Key Points: 
  • Reading Cinemas , an affiliate of Reading International, Inc. (NASDAQ: RDI), is ushering fans into a VIP concert movie experience with Taylor Swift: The Eras Tour, opening on Friday, Oct. 13.
  • Following pop icon Taylor Swift as she performs her biggest hits in the record-breaking concert, the film is setting records of its own with advance ticket sales making beautiful box office music for Reading Cinemas.
  • “The response to the movie weeks from opening is a testament to Taylor Swift’s fanbase enthusiasm,” said Jennifer Deering, division manager for Reading Cinemas.
  • Get the all-access scoop on tickets, showtimes, and more via the Reading Cinemas US App and website at www.ReadingCinemasUS.com.

Get An All-Access Pass to the Ultimate Concert Experience at Angelika Film Centers

Retrieved on: 
Monday, September 25, 2023
Taylor Swift, IU, Pajama Party, Food, Lover (Taylor Swift song), Reading Cinemas, Angelika Film Center, Friends, Angelika, DC, Record, Father of the Bride (album), Sale, The Eras Tour, Dream Scenario, RDI, Golden hour, Art, Red Rocks Amphitheatre, Eras, Family, The Holdovers, VIP, Music, Amusement park, Online shopping, Winx Club: The Secret of the Lost Kingdom

Angelika Film Centers , affiliates of Reading International, Inc. (NASDAQ: RDI), are ushering fans into a VIP concert movie experience with Taylor Swift: The Eras Tour, opening on Friday, Oct. 13.

Key Points: 
  • Angelika Film Centers , affiliates of Reading International, Inc. (NASDAQ: RDI), are ushering fans into a VIP concert movie experience with Taylor Swift: The Eras Tour, opening on Friday, Oct. 13.
  • “We are delighted to be premiering the Taylor Swift: The Eras Tour concert movie at select Angelika locations,” said Scott Rosemann, division manager for Angelika Film Centers.
  • The Angelika Film Centers are offering film and concert lovers an exclusive viewing experience via private watch parties, providing Swifties the chance to sing and dance alongside friends and family while viewing the film in their own VIP auditorium.
  • The Angelika Film Centers are also announcing an upcoming 72-hour E-Gift Card flash sale.

Reading International Named a Finalist in the 2023 Shopping Centre Council of Australia Marketing Awards

Retrieved on: 
Friday, September 8, 2023
Online, Heart, SCCA, International, Reading Cinemas, Compulsion, Ice cream, Creativity, RDI, Community, Editorial, Dog, Fostering Connections to Success and Increasing Adoptions Act of 2008, Retail, Tourism

CULVER CITY, Calif., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ: RDI), a leading entertainment and real estate company, today announced it has been named a finalist in the 2023 Shopping Centre Council of Australia (“SCCA”) Marketing Awards in the category of Compelling Experiences: Small (75 stores or less) for its The New’BARK’et Markets 2022 campaign at the Newmarket Village Shopping Centre, located in the heart of North Brisbane.

Key Points: 
  • CULVER CITY, Calif., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ: RDI), a leading entertainment and real estate company, today announced it has been named a finalist in the 2023 Shopping Centre Council of Australia (“SCCA”) Marketing Awards in the category of Compelling Experiences: Small (75 stores or less) for its The New’BARK’et Markets 2022 campaign at the Newmarket Village Shopping Centre, located in the heart of North Brisbane.
  • The SCCA awards honor all aspects of content marketing from strategy to distribution, and from editorial to visual storytelling.
  • The SCCA awards gala is being held in October 2023 and will see the crowning of the ‘best of the best’ shopping centre marketing campaigns across six categories: (i) Compelling Experiences, (ii) Retailer Marketing, (iii) Brand & Partnerships, (iv) Innovation, (v) Community and (vi) Multi Centre.
  • “We were thrilled to find out that our New’BARK’et Markets campaign has secured a spot as a finalist in a category that promotes compelling experiences.

Reading International Reports Second Quarter 2023 Results

Retrieved on: 
Monday, August 14, 2023
Food, International, National Australia Bank, Exhibition, Super Mario, Angelika, WGA, Website, Financial Information eXchange, Reading Cinemas, Union Square, The Super Mario Bros. Movie, Sale, Angelika Film Center, RDI, City, EBITDA, Box office, Webcast, Depreciation, Container deposit legislation in the United States, Consolidated, Adjustment, TITAN, Film industry, Bank, Bookkeeping, Cryptocurrency, Tourism, NSW, Treasurer

NEW YORK, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ: RDI) (the “Company”), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the second quarter ended June 30, 2023.

Key Points: 
  • Scheduled to Post to Corporate Website on Wednesday, August 16, 2023
    NEW YORK, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ: RDI) (the “Company”), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the second quarter ended June 30, 2023.
  • President and Chief Executive Officer, Ellen Cotter said, “Our second quarter operating results were strong, with $65 million in global total revenue and $1.8 million of global operating income, delivering the best performance since the fourth quarter of 2019.
  • Additionally, we are monitoring the WGA and SAG-AFTRA strikes and potential impacts to the 2023 and 2024 movie release schedules.
  • The changes between the second quarter of 2023 and the second quarter of 2022 were primarily attributable to the rent recognized in Q2 2023 from our Petco tenancy at our 44 Union Square property that did not occur in the same period of the prior year.

Reading International Reports First Quarter 2023 Results

Retrieved on: 
Monday, May 15, 2023
Destiny, Chapter Four, Operating cost, Student Borrower Protection Center, Food, International, Reading Cinemas, Magic, Super Mario, Orpheum, Marvels, Website, Cocaine Bear, Financial Information eXchange, Union Square, The Super Mario Bros. Movie, Gross domestic product, Angelika Film Center, RDI, Bank of America, EBITDA, Cinema of New Zealand, Lost, Puss in Boots, Dial, Ant, Avatar: The Way of Water, Container deposit legislation in the United States, Bank, Consolidated, Adjustment, Creed III, TITAN, Environment, Property management, Film industry, Video game, Cryptocurrency, Treasurer

NEW YORK, May 15, 2023 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ: RDI) (the “Company”), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the first quarter ended March 31, 2023.

Key Points: 
  • Scheduled to Post to Corporate Website on Wednesday, May 17, 2023
    NEW YORK, May 15, 2023 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ: RDI) (the “Company”), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the first quarter ended March 31, 2023.
  • Net loss attributable to Reading International, Inc. was $11.1 million, compared to a net loss of $15.4 million for Q1 2022.
  • The Q1 2023 U.S. industry box office performed proportionately better quarter over quarter vs. the Australian industry box office.
  • Questions and topics for consideration should be submitted to [email protected] by 5:00 p.m. Eastern Time on May 16, 2023.

Reading International Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Monday, April 3, 2023
Top Gun, International, Reading Cinemas, Back to the Basics (EP), Website, Multiverse, COVID-19, Water, Union Square, Foodservice, Redmi Note 12, Tenant, Premium, Avatar: The Way of Water, Orpheum, Black panther, Movie theater, RDI, Bank of America, EBITDA, Annual report, Webcast, Top Gun: Maverick, EPS, Bank, Health, Adjustment, TITAN, Consolidated Theatres (Hawaii), Angelika Film Center, Food, Safety, Doctor Strange in the Multiverse of Madness, Cryptocurrency, Film industry, Bookkeeping, Video game, Treasurer

NEW YORK, April 03, 2023 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ: RDI), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the fourth quarter and year ended December 31, 2022.

Key Points: 
  • Net income decreased from a gain of $0.3 million in Q4 2021 to a net loss of $13.2 million.
  • Negative Adjusted EBITDA of $0.1 million in 2022 compared to an Adjusted EBITDA of $74.2 million in 2021.
  • As of December 31, 2022, our total outstanding bank borrowings were $215.6 million against total book value assets of $587.1 million.
  • Questions and topics for consideration should be submitted to [email protected] on April 3, 2023 by 5:00 p.m. Eastern Standard Time.