Reading International reports Q2 EPS (42c) vs (12c) last year

Reports Q2 revenue $46.809M vs $65.055M last year. President and Chief Executive Officer, Ellen Cotter said, “While the 2023 Hollywood Strikes have had an appreciable financial impact on each of our cinema divisions to date in 2024, we look to recent results for confidence in our ability to withstand this latest disruption. Inside Out 2, which opened in our U.S. and Australian cinemas on June 14/13, 2024, has been a resounding success. Then, Deadpool & Wolverine, which recently ranked the second $1 billion 2024 movie at the global box office after Inside Out 2, drove our global cinema cash flow in July 2024 to be in the top five highest months since the pandemic began. And, just this past weekend, It Ends with Us, a female driven movie based on a bestselling novel which appears to have become an event movie, has now exceeded all box office expectations by delivering a global debut of $80 million. With highly anticipated releases such as Beetlejuice Beetlejuice, Joker: Folie a Deux, Moana 2, Wicked and Mufasa: The Lion King, we look forward to the last half of 2024. Looking ahead to 2025, we’re encouraged by the box office potential for James Cameron’s Avatar 3, a new Jurassic World film from Universal, Tom Cruise in Mission: Impossible 8, The Fantastic Four, and James Gunn’s Superman from DC Studios for Warner Bros.”