Cinema operator Reading International's Q2 revenue up on strong box office performances

Reading International

14/08/2025 14:13

Overview

Reading International Q2 revenue grows 29%, beating analyst expectations

EPS and net income missed estimates despite revenue growth

Cinema revenue up 32% driven by strong box office performances

Outlook

Company anticipates strong cinema performance with upcoming releases like TRON: Ares

Reading International expects robust movie lineup to drive cinema revenue in 2025

Company foresees continued real estate strength following strategic asset sales

Result Drivers

BOX OFFICE SUCCESS - Strong box office performances from movies like A Minecraft Movie and Sinners drove a 32% increase in cinema revenue

REAL ESTATE SALES - Sale of Cannon Park property in Australia contributed to improved operating income, reducing debt

CURRENCY IMPACT - Weaker Australian and New Zealand dollar exchange rates affected U.S. reported operating results, with 47% of revenue from these regions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$60.38 mln
$59.40 mln (1 Analyst)
Q2 EPS
Miss
-$0.12
-$0.06 (1 Analyst)
Q2 Net Income
Miss
-$2.80 mln
-$1.30 mln (1 Analyst)
Q2 Operating Income
Miss
$2.89 mln
$3.72 mln (1 Analyst)
Q2 Pretax Profit
Miss
-$1.58 mln
-$1.44 mln (1 Analyst)
Q2 Basic EPS
-$0.12


Press Release: ID:nGNXpgyM4

(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.)