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Reading International (RDI)
:RDI
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Earnings Data
Report Date
Mar 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.32Last Year’s EPS
-0.56Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 5.00%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call presented mixed results with significant positive trends such as a substantial increase in global revenue, reduction in operating losses, and positive adjusted EBITDA. However, these were offset by notable challenges including a decrease in consolidated revenue, increase in net loss, and declines in U.S. and New Zealand cinema revenues. The company demonstrated resilience with improvements in certain areas while facing ongoing challenges.Company Guidance
In the third quarter 2024 earnings call for Reading International, several key financial metrics were highlighted that reflect the company's performance trajectory. The global total revenue for Q3 2024 was $60.1 million, marking a 28% increase from Q2 2024 and a 33% increase from both Q1 2024 and Q4 2023, despite being less than 10% lower than the third quarter of 2023. Cinema revenue was notably strong, driven by successful releases like "Deadpool & Wolverine" and "Despicable Me 4," with the former becoming the highest grossing R-rated movie of all time. The adjusted EBITDA for Q3 2024 was just under $3 million, a positive shift from the negative figures of previous quarters. However, challenges remain, particularly in the U.S. cinema segment, where revenue decreased by 19% to $27.8 million compared to Q3 2023, largely due to a 10% reduction in screen count and weaker film performance. Despite these challenges, the Australian Cinema division reported its best third quarter performance ever with revenue of AUD 37 million. The company's real estate segment also showed strength, with operating income up 52% compared to Q3 2023, driven by the performance of its Australian portfolio. The call emphasized strategic initiatives such as asset sales to reduce debt and the introduction of a new rewards program, aiming to position Reading International for improved performance in 2025 and beyond.Global Revenue Growth
Q3 2024 global total revenue of $60.1 million was 28% higher than Q2 2024, 33% higher than Q1 2024, and 33% higher than Q4 2023.
Reduction in Global Operating Loss
Reduced global operating loss to $246,000 from $4.35 million in Q2 2024, $7.57 million in Q1 2024, and $6.95 million in Q4 2023.
Positive Adjusted EBITDA
Q3 2024 adjusted EBITDA of just under $3 million, marking the first positive adjusted EBITDA over the last three quarters.
Australian Cinema Revenue Record
Australian Cinema revenue of AUD 37 million marked the best third-quarter performance ever.
Increase in Global Real Estate Operating Income
Global Real Estate operating income increased by 52% to $1.4 million from $920,000 in Q3 2023.
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RDI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RDI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $1.40 | $1.45 | +3.57% |
| Aug 14, 2024 | $1.47 | $1.42 | -3.40% |
| May 15, 2024 | $1.71 | $1.68 | -1.75% |
| Apr 01, 2024 | $1.84 | $1.83 | -0.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Reading International (RDI) report earnings?
Reading International (RDI) is schdueled to report earning on Mar 25, 2025, TBA Not Confirmed.
What is Reading International (RDI) earnings time?
Reading International (RDI) earnings time is at Mar 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RDI EPS forecast?
RDI EPS forecast for the fiscal quarter 2024 (Q4) is -0.32.
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