Reading International Reports Fourth Quarter and Full Year 2023 Results
Retrieved on:
Monday, April 1, 2024
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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.