Reading International's Q1 revenue rises on cinema growth

Reading International

15/05/2026 14:09

Overview

Cinema and real estate operator's Q1 revenue rose 12% yr/yr, led by 14% cinema growth

Operating loss narrowed 47% yr/yr, best Q1 result since 2019

Net loss widened due to absence of prior-year asset sale gains

Outlook

Company expects positive momentum to continue through 2026 due to a promising movie slate

Result Drivers

CINEMA GROWTH - Cinema revenue rose 14%, driven by higher attendance, a stronger movie slate, and improved food and beverage sales per patron

CURRENCY IMPACT - Strengthening of the Australian and New Zealand dollars against the U.S. dollar boosted reported results

COST REDUCTION - Global general and administrative costs fell 8%, helping narrow the operating loss

Company press release: ID:nGNX6F6QdJ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$45.12 mln
Q1 EPS
-$0.36
Q1 Net Income
-$8.13 mln


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.)