Reading International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022 at 09:00 am EST
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Reading International, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 2.84 million compared to USD 3.05 million a year ago. Revenue was USD 51.2 million compared to USD 31.8 million a year ago. Net loss was USD 5.18 million compared to USD 10.1 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to USD 0.46 a year ago. Diluted loss per share from continuing operations was USD 0.23 compared to USD 0.46 a year ago.
For the nine months, sales was USD 8.43 million compared to USD 9.56 million a year ago. Revenue was USD 155.91 million compared to USD 89.14 million a year ago. Net loss was USD 22.97 million compared to net income of USD 31.57 million a year ago. Basic loss per share from continuing operations was USD 1.04 compared to basic earnings per share from continuing operations of USD 1.45 a year ago. Diluted loss per share from continuing operations was USD 1.04 compared to diluted earnings per share from continuing operations of USD 1.41 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. 
