RDI

EX-99.1

2 rdi-20260515xex99_1.htm

EX-99.1

Exhibit 991 - 2026 Q1 Earnings Release

For more information, contact:

Gilbert Avanes – EVP, CFO, and Treasurer

(213) 235-2240

Reading International Reports First Quarter 2026 Results

Earnings Call Webcast to Discuss First Quarter Financial Results

Scheduled to Post to Corporate Website on Tuesday,  May 19, 2026

NEW YORK - May 15, 2026 - Reading International, Inc. (NASDAQ: RDI) (“Reading” or our “Company”), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the First Quarter ended March 31, 2026.

Key Financial Summary Results –First Quarter 2026

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Total Revenues of $45.1 million increased by 12% from $40.2 million in Q1 2025.

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Representing the best result for this metric since Q1 2019, a reported Operating Loss of $3.6 million marks a 47% improvement from a $6.9 million Operating Loss reported in Q1 2025.

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EBITDA decreased to a negative EBITDA of $0.8 million compared to a positive EBITDA of $2.9 million in Q1 2025, which 2025 quarter reflected a gain on sale of $6.6 million from the sale of our real estate assets in Wellington, New Zealand.

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Taking into account that Q1 2025 gain on sale, our Basic Loss per Share of $0.36 declined by 69% compared to a Basic Loss per Share of $0.21 in Q1 2025.

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Taking into account that Q1 2025 gain on sale, our Net Loss Attributable to Reading of $8.1 million weakened by 71% compared to a loss of $4.8 million in Q1 2025.

In Q1 2026, both the Australian and New Zealand dollar average exchange rates strengthened against the U.S. dollar by 10.8% and 3.9%, respectively, compared to Q1 2025. With 53% of our Total Revenues being generated by our Australian and New Zealand businesses this quarter, the stronger currency positively impacted our U.S. reported operating results. This exchange ratio improvement trend has continued since the end of the quarter.

President and Chief Executive Officer, Ellen Cotter said, “We’re pleased to report that the Company achieved its strongest first quarter Operating Income result since 2019 pre-pandemic. This strong performance was powered by a 14% increase in our global cinema revenue, attributable to a stronger movie line-up from movies like Project Hail Mary,  Wuthering Heights, GOAT, and Hoppers, along with solid Q4 2025 holdovers like Avatar: Fire and Ash and Zootopia 2. Also, reflective of the successful execution of our key strategic initiatives, each of our cinema divisions delivered improved operating income results, with our Australian cinemas delivering a much improved first quarter. In addition to our U.S. and Australian cinema divisions reporting the highest ever first quarter Food & Beverage spend per head, all cinema divisions continued to add members to their loyalty programs through creative initiatives. We expect our positive momentum to continue through 2026 as the remaining movie slate looks extremely promising with titles like Toy Story 5, Moana, Minions & Monsters, The Odyssey, Spider-Man: Brand New Day, Avengers: Doomsday and Dune: Part Three.

Our Q1 2026 global Real Estate division segment revenues and operating income decreased against Q1 2025. The performance reflects the execution of our strategy to raise liquidity through select asset monetization, most notably the 2025 sales of our real estate assets in Wellington, New Zealand and Townsville, Australia. Our U.S. Real Estate business supported the global Real Estate division by reporting its highest ever first quarter U.S. Real Estate revenue, led by strengthening in our Live Theatre revenue.

Lastly, our improved Q1 2026 Operating Loss also reflects an 8% reduction in our global General & Administrative costs.”

Cotter continued, “During the first quarter 2026, in an effort to bolster our liquidity, our Board directed Management to begin efforts to sell the Cinemas 1,2,3 building in NYC.  And, as of the date of this Release, we are under contract to sell our Napier property in New Zealand with an expected cinema lease back.

With a solid first quarter operational start, a balance sheet which continues to be anchored by a strong real estate portfolio, and our global cinemas poised to capitalize on an exciting and robust movie slate through the remainder of the year, while no assurances can be given, we believe our Company is well-positioned to deliver a strong 2026.”

Cinema Business

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With respect to Q1 2026, and compared to Q1 2025, our global cinemas reported (i) $41.5 million in cinema revenue, representing a 14% increase, and (ii) an operating loss of $1.3 million, representing a 70% improvement.

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These positive results were driven by:

(i)   Increased attendance at our U.S. cinemas as a result of an improved Q1 2026 movie slate, despite a 7.3% reduction in our U.S. screen count due to the 2025 closure of an underperforming cinema;

(ii)   I

EX-99.1

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EX-99.1

Exhibit 991 10k 2025 Earnings Release

Put

For more information, contact:

Gilbert Avanes – EVP, CFO, and Treasurer

(213) 235-2240

Reading International Reports Fourth Quarter and Full Year 2025 Results

Earnings Call Webcast to Discuss 2025 Fourth Quarter and Full Year Financial Results

Scheduled to Post to Corporate Website by Thursday, April 02, 2026

New York, New York - March 31, 2026: Reading International, Inc. (NASDAQ: RDI) (“Reading” or our “Company”), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today reported its results for the fourth quarter and year ended  December 31, 2025.

Key Financial Results – Fourth Quarter 2025 compared to Fourth Quarter 2024

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Total Revenues were $50.3 million compared to $58.6 million in Q4 2024.

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Operating Loss was $1.0 million compared to Operating Income of $1.5 million in Q4 2024.

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Net Loss was $2.6 million compared to a Net Loss of $2.2 million in Q4 2024.

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Basic Loss per Share was $0.11 compared to a Basic Loss per Share of $0.10 in Q4 2024.

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Adjusted EBITDA was $5.1 million compared to Adjusted EBITDA of $6.8 million reported in Q4 2024.

The Australian dollar average exchange rates strengthened against the U.S. dollar by 0.7% compared to Q4 2024.  The New Zealand dollar average exchange rates weakened against the U.S. dollar by 3.0% compared to Q4 2024.

Key Financial Results – Full Year 2025 compared to Full Year 2024

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Total Revenue was $203.0 million compared to Total Revenue of $210.5 million in 2024.

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Operating Loss was $5.3 million compared to an Operating Loss of $14.0 million in 2024.

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Net Loss was $14.1 million compared to a Net Loss of $35.3 million for 2024.

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Basic Loss per Share of $0.62 improved by 60.8% (or $0.96) from Basic Loss per Share of $1.58 for 2024.

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At $17.8 million, Full Year 2025 Adjusted EBITDA, which included an $8.4 million gain on sale of assets, improved by $15.7 million compared to Adjusted EBITDA of $2.1 million in 2024.

The Australian and New Zealand dollars average full year exchange rates weakened against the U.S. dollar by 2.2% and 3.8%, respectively, negatively impacting our global total revenue since 48% of our total revenue is generated in Australia and New Zealand.

Ellen Cotter, President and CEO of Reading, commented: “Following industry trends, our Q4 2025 global cinema results were not as strong as Q4 2024, when the 2024 film slate lead by Moana,  Wicked and Gladiator, delivered a more compelling product mix for our theaters, especially in Hawaii. Looking at the full year, though our Total Cinema Revenue was down 3%, our various cinema strategies and initiatives resulted in a 230% increase in our Cinema Operating Income and the achievement of certain cinema operational records – we delivered the best ever annual Average Ticket Price and Food & Beverage Spend per Person in each of our three markets. Looking forward to 2026, we expect our first quarter 2026 global cinema business to be improved over last year driven by a stronger film slate including movies like Wuthering Heights,  Hoppers,  GOAT and popular holdovers from the 2025 holidays like Avatar: Fire and Ash,  Zootopia 2 and The Housemaid. In addition, Q1 2026 will be strengthened by the sensational recent opening of Project Hail Mary, a totally original movie from Amazon MGM Studios, which has delighted audiences and critics around the world.  We expect the momentum of Q1 2026 to continue through 2026 with highly anticipated titles like The Super Mario Galaxy Movie,  The Devil Wears Prada 2,  Toy Story 5,  Supergirl,  Minions 3,  Moana,  The Odyssey,  Spider Man: Brand New Day,  The Cat in the Hat,  Avengers: Doomsday,  Dune: Part Three, and Jumanji 3.

Regarding our Real Estate assets, our global Real Estate Division delivered improved Operating Income for both Q4 2025 and the full year 2025 compared to the same periods in 2024.  These improvements were driven by (i) the strong and steady performance of our 58 third party tenant Australia/New Zealand portfolio, which, at December 31, 2025, reflected a 98% occupancy rate, (ii) increased rental stream from 44 Union Square in NYC and (iii) improved annual operating results for our Live Theatre division in NYC.   In Q4 2025, we completed the acquisition of the 25% minority interest in Cinemas 123 which we did not already own, and became the legal owner, as opposed to the beneficial owner, of the ground tenant’s interest in the land and improvements constituting the Village East by Angelika cinema in the East Village of NYC.

Ms. Cotter continued that “After selling seven real estate assets since 2021 to support our liquidity, during 2025 we sold two additional international assets - our Wellington, New Zealand properties for $21.5 million (NZ$38.0 million) and our Cannon Park ETC in Townsville, Queensland, Au

EX-99.1

2 rdi-20251114xex99_1.htm

EX-99.1

Exhibit 99.1 - 2025 Q3 Earnings Release

For more information, contact:

Gilbert Avanes – EVP, CFO, and Treasurer

Andrzej Matyczynski – EVP Global Operations

(213) 235-2240

Reading International Reports Third Quarter 2025 Results

Earnings Call Webcast to Discuss Third Quarter Financial Results

Scheduled to Post to Corporate Website on Tuesday,  November 18, 2025

NEW YORK - November 14, 2025 - Reading International, Inc. (NASDAQ: RDI) (“Reading” or our “Company”), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the Third Quarter ended September 30, 2025.

Key Financial Summary Results – Third Quarter 2025

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Total Revenues of $52.2 million decreased by 13%, from $60.1 million in Q3 2024.

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Operating Loss of $0.3 million remained relatively flat when compared to a loss of $0.3 million reported in Q3 2024.

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A positive EBITDA of $3.6 million improved by 26% compared to an EBITDA of $2.8 million for Q3 2024 and  marked the fifth straight quarter of positive EBITDA.

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Representing the best third quarter result since Q3 2019, our Basic Loss per Share of $0.18 improved by 42% compared to a Basic Loss per Share of $0.31 in Q3 2024.

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Representing the best third quarter result since Q3 2019, our Net Loss Attributable to Reading of $4.2 million improved by 41% compared to a loss of $7.0 million in Q3 2024.

Key Financial Summary Results –Nine Months of 2025

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Total Revenues of $152.7 million for the first nine months of 2025 increased slightly by 1% compared to $152.0 million for the first nine months of 2024.

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Operating Loss of $4.3 million for the first nine months of 2025 improved by 72% compared to a loss of $15.6 million for the same period in 2024.

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A positive EBITDA of $12.8 million improved by 372% compared to an EBITDA loss of $4.7 million for the same period in 2024. This improvement in EBITDA reflects: (i) improved operational performances; (ii) a gain of $1.8 million on the sale of our Cannon Park Property in Australia in Q2 2025; and (iii) a gain of $6.6 million on the sale of our Wellington property assets in New Zealand, which occurred in Q1 2025.

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Basic Loss per Share of $0.51 improved by 65% compared to a Basic Loss per Share of $1.48 for the first nine months of 2024.

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Net Loss Attributable to Reading of $11.6 million improved by 65% compared to a loss of $33.1 million for the first nine months of 2024 primarily due to overall improved segment results, decreased interest expense, and a gain on sale of assets compared to a loss on sale of our Culver City office building in the same period prior year.

Both the Q3 2025 Australian and New Zealand dollar average exchange rates weakened against the U.S. dollar by 2.3% and 3.1%, respectively, compared to Q3 2024 and the average nine months 2025 exchange rates weakened against the U.S. dollar by 3.2% and 4.1%, respectively, compared to the same period of 2024. With more than 49% of our Total Revenues being generated by our Australian and New Zealand businesses, the currency weakness impacts our U.S. reported operating results.

President and Chief Executive Officer, Ellen Cotter said, “We are pleased with our progress in Q3 2025 as we continued to execute on key strategic priorities.  We reduced our debt by almost 15% compared to the end of 2024 primarily from the proceeds of the monetization of two major real estate assets earlier in 2025. Our remaining real estate assets, underpinned primarily by our Australian Real Estate portfolio, together with New Zealand, comprising 58 third party tenants with an overall 98% occupancy rate, performed well, enhanced by a strong quarterly performance from our NYC Live Theatres. As we expected and following industry trends, our Q3 2025 global cinema business was behind the same quarter in 2024. While the quarter was disappointing, we remain confident that the fourth quarter will deliver an exciting rebound. Today, our global sales of Wicked: For Good are among the highest presales we have seen since the pandemic, and we are on the cusp of one of the most promising holiday film lineups we have seen in years.  The slate includes movies for every segment of the audience:  The Running Man,  Wicked: For Good,  Zootopia 2, Five Nights at Freddy’s 2,  The SpongeBob Movie: Search for SquarePants,  Anaconda,  The Housemaid,  Marty Supreme,  Song Sung Blue and Avatar: Fire and Ash.”

Cotter continued, “With five straight quarters of positive EBITDA, the most improved Net Loss delivered for any third quarter since Q3 2019, a balance sheet which continues to be anchored by a strong real estate portfolio and cinemas poised for an exciting and robust 2026 movie release schedule, we believe the Company is well-positioned to deliver a much stronger 2026 and beyond, having  weathered a very challenging last five