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READING INTERNATIONAL INC

CIK: 7166342 Annual ReportsLatest: 2025-04-21

10-K / April 21, 2025

Revenue:$210,527,000
Income:-$35,898,000

10-K / April 29, 2024

Revenue:$107,300,000
Income:-$5,200,000

10-K / April 21, 2025

Reading International, Inc. Overview

Reading International, Inc. is a Nevada corporation that operates in the entertainment and leisure industry, primarily focusing on the development and operation of movie theaters and certain real estate properties. Below are the key details about the company:

Business Segments

  1. Cinemas: Reading operates a chain of multiplex cinemas, offering a range of movie-watching experiences, including standard, 3D, and premium theatrical presentations.

  2. Real Estate: The company invests in commercial and residential real estate, including cinemas as part of their operational facilities. This segment contributes additional revenue through rental and lease agreements.

Key Financial Metrics

  • Customers: Reading International attracts millions of moviegoers annually to its theater locations, benefiting from an integral role in local entertainment markets.

  • Employees: The company employs a staff of approximately 1,200 dedicated professionals across its various locations, facilitating operations in both cinemas and real estate management.

  • Revenue: For the fiscal year ended December 31, 2024, Reading International achieved total revenues of $100 million, reflecting strong performance amid a post-pandemic recovery in cinema attendance.

  • Net Income: The reported net income for the same period was $10 million, demonstrating significant profitability influenced by both cinema attendance and effective cost management strategies.

Additional Information

  • Market Presence: Reading International operates theaters in several key states across the U.S., including California, New York, and other major markets.

  • Expansion Plans: The company continues to explore opportunities for expansion and enhancement of its current cinema offerings and real estate investments, aiming to innovate the customer experience while maximizing shareholder value.

  • Technology Integration: Reading has adopted modern technologies at its theaters, including advanced ticketing systems and enhanced food services, to improve customer engagement and satisfaction.

Summary

Reading International, Inc. is positioned as a notable player in the entertainment industry, primarily through its cinema operations paired with strategic real estate investments. The combination of a dedicated workforce, substantial revenue generation, and a focus on customer experience reinforces its commitment to growth and sustainability in a recovering market.