Reading International, Inc. (RDI) is an enterprise primarily involved in the ownership, expansion, and management of both entertainment venues and property holdings across the United States, Australia, and New Zealand. The company operates through two main divisions: Cinema Exhibition and Real Estate. Its Cinema Exhibition segment oversees numerous multiplex movie theaters, operating under banners such as Reading Cinemas, Angelika Film Center, Consolidated Theatres, State Cinema, Event Cinemas, and Rialto Cinemas. The Real Estate division focuses on developing, leasing, or licensing various retail, commercial, and live performance venues. As of December 31, 2020, Reading International's extensive portfolio included direct ownership of 63 cinemas, collectively offering around 515 screens, along with two live theaters. Its real estate holdings further encompassed the 44 Union Square property, a Manhattan cinema, two cinemas in Australia, three in New Zealand, entertainment-themed complexes, two office buildings, and roughly 8.9 million square feet of developed and undeveloped land. Established in 1999, the company's corporate headquarters are situated in New York, New York.
Reading International Reports Second Quarter 2026 Results
Reading International reported Q2 revenue of $66.9 million, up 11% year-over-year, marking its strongest second quarter for revenue since 2019.
Operating performance surged with operating income up 159% to $7.5 million and EBITDA increasing 79% to $11.3 million, driven by a 31% revenue jump in its Australian cinema circuit.
The company returned to profitability with net income of $2.3 million or $0.10 per share, compared to a net loss of $2.8 million in the prior year.