Cinema operator Reading's Q4 revenue falls 14%, net loss widens

Reading International

31/03/2026 14:40

Overview

US-based cinema and real estate operator's Q4 revenue fell 14% yr/yr

Company posted Q4 net loss of $2.6 mln, wider than prior year

Cinema results hurt by weaker film slate and cinema closures in U.S. and New Zealand

Outlook

Company expects Q1 2026 global cinema business to improve over last year

Company anticipates cinema momentum to continue through 2026 with major releases

Company plans to monetize select assets to reduce interest expense and support liquidity

Result Drivers

WEAKER FILM SLATE - Co said Q4 cinema revenue and operating income declined due to a less compelling film slate compared to Q4 2024, especially in Hawaii

CINEMA CLOSURES - Q4 results were affected by closure of unprofitable cinemas in the U.S. and New Zealand

CURRENCY IMPACT - Weaker Australian and New Zealand dollars against the U.S. dollar reduced reported global revenue

Company press release: ID:nGNX6bdm9m

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$50.3 mln
$53.27 mln (1 Analyst)
Q4 Net Income
-$2.6 mln
Q4 Adjusted EBITDA
$5.1 mln
$3.06 mln (1 Analyst)
Q4 Operating Income
-$1 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the leisure & recreation peer group is "buy"

Wall Street's median 12-month price target for Reading International Inc is $2.00, about 83.5% above its March 30 closing price of $1.09

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)