Reading International, Inc. oversees and expands a diverse collection of entertainment and real estate properties across the United States, Australia, and New Zealand. The company's operations are divided into two primary divisions: Cinema Exhibition and Real Estate. The Cinema Exhibition division operates multi-screen movie theaters under various brand names, including Reading Cinemas, Angelika Film Center, Consolidated Theatres, State Cinema, Event Cinemas, and Rialto Cinemas. Meanwhile, the Real Estate division focuses on constructing, leasing, or licensing commercial, retail, and live performance venues. As of December 31, 2020, Reading International's extensive holdings featured 63 movie theaters containing approximately 515 screens. Its portfolio also included ownership interests in two live theaters, the 44 Union Square property, a cinema in Manhattan, two cinemas in Australia, and three in New Zealand, alongside several entertainment-themed complexes and two office buildings. In total, the company possessed about 8.9 million square feet of developed and undeveloped real estate. The corporation was founded in 1999 and maintains its primary corporate offices 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.