Reading International, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 09, 2020 at 09:00 am EST
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Reading International, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 10.191 million compared to USD 70.386 million a year ago. Operating loss was USD 17.375 million compared to operating Income of USD 2.840 million a year ago. Net loss was USD 19.228 million compared to net income of USD 851,000 a year ago. For the nine months, total revenue was USD 62.841 million compared to USD 207.886 million a year ago. Operating loss was USD 46.610 million compared to operating Income of USD 7.209 million a year ago. Net loss was USD 47.806 million compared to net income of USD 1.057 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 Companyâs 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 Companyâs 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.
READING INTERNATIONAL, INC. 
