Reading International, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 09:00 am EDT
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Reading International, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 4 million compared to USD 2.74 million a year ago. Revenue was USD 65.06 million compared to USD 64.51 million a year ago. Net loss was USD 2.78 million compared to USD 2.44 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to USD 0.11 a year ago.
For the six months, sales was USD 7.82 million compared to USD 5.6 million a year ago. Revenue was USD 110.86 million compared to USD 104.71 million a year ago. Net loss was USD 13.89 million compared to USD 17.79 million a year ago. Basic loss per share from continuing operations was USD 0.63 compared to USD 0.81 a year ago. Diluted loss per share from continuing operations was USD 0.63 compared to USD 0.81 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. 
