Reading International, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
March 31, 2021 at 05:08 pm EDT
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Reading International, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was USD 77.862 million compared to USD 276.768 million a year ago. Operating loss was USD 61.313 million compared to operating Income of USD 9.123 million a year ago. Net loss was USD 65.200 million compared to USD 26.429 million a year ago.
Reading International, Inc. is an entertainment and real estate company. The Company is engaged in the development, ownership, and operation of cinemas and retail and commercial real estate in the United States, Australia, and New Zealand. The Company's segments are Theatrical Motion Picture Exhibition (Cinema Exhibition), and Real Estate. The Cinema Exhibition segment is engaged in cinema experiences for its guests through hospitality-styled comfort and service, state-of-the-art cinematic presentation, designed venues, curated film, and event programming, and crafted food and beverage options. The Real Estate segment is engaged in the real estate business through the development and its ownership and rental or licensing to third parties of retail, commercial, and live theatre assets. Its commercial brands include Reading Cinemas, Consolidated Theatres, Angelika Film Center, State Cinema, Angelika Anywhere, 44 Union Square, Newmarket Village, and Cannon Park.