Reading International, Inc. Class B (RDIB)

Reading International, Inc. experienced notable stock movements and reported financial results over the past six months. As of December 19, 2025, the share price was $11.10, a 38.23% increase from $8.03 on December 23, 2024. Q3 2025 results showed an EPS of -$0.18, surpassing the forecast, but revenue declined by 13% year-over-year, leading to a pre-market stock drop; however, adjusted EBITDA increased by 26%, and net loss decreased by 41%. Q2 2025 results showed an EPS of -$0.12, which was worse than the forecast. In Q1 2025, adjusted EBITDA increased by $6.9 million.

Demand for Reading International, Inc.'s products and services exhibits seasonality, particularly within its cinema exhibition segment, which is heavily influenced by the film slate. Events like the 2023 Hollywood strikes significantly impacted the beginning of 2024, leading to a decrease in full-year 2024 global cinema revenue. The real estate segment, especially the Australian and New Zealand portfolio, demonstrates more stable demand, evidenced by consistently high occupancy rates. The live theatre division also showed improved results in 2023.

Reading International, Inc. operates in the entertainment and real estate sectors, managing multiplex cinemas and real property assets in the United States, Australia, and New Zealand. The company operates through two segments: Theatrical Motion Picture Exhibition and Real Estate. The Theatrical Motion Picture Exhibition segment manages multiplex cinemas under various brands. The Real Estate segment focuses on the development, rental, or licensing of retail, commercial, and live theater assets, including historic venues and entertainment-themed centers. The company is categorized within the Consumer Discretionary sector, specifically in the Entertainment, Movies, and Recreation Facilities Services industries.

Reading International, Inc. has a global presence with operations and assets in the United States, Australia, and New Zealand. The company operates 29 Reading Cinemas and Angelika brand locations in Australia, 8 Reading Cinemas locations in New Zealand, and 18 Reading Cinemas, Consolidated Theatres, and Angelika brand locations in the United States. Its real estate portfolio includes operating and development projects across these three countries, featuring mid-sized retail centers anchored by Reading Cinemas in Australia and two single-auditorium Off-Broadway theaters in Manhattan.

Reading International, Inc.'s brand reputation has been positively influenced by strategic initiatives and strong performance. The company announced a new loyalty experience for Consolidated Theatres and revealed the transformation of Reading Cinemas at Valley Plaza Mall, indicating investments in customer experience and facility upgrades. The company's dual-asset strategy has contributed to a 372% improvement in EBITDA for the first nine months of 2025. Its real estate portfolio in Australia and New Zealand maintained a high occupancy rate of 98% as of Q3 2025. The ownership of historic venues in New York City contributed to a 35% increase in Q3 2025 U.S. Real Estate Revenues.

Reading International, Inc. has a diverse ownership structure including institutional owners such as Teton Advisors, Inc., WMMAX - Teton Westwood Mighty Mites Fund Class A, and Dimensional Fund Advisors Lp. Other significant institutional holders include Krilogy Financial LLC, Nantahala Capital Management, LLC, and The Vanguard Group, Inc. Individual owners include the James J. Cotter Living Trust and the Estate of James J. Cotter, Sr., Deceased. Ellen Cotter owns the most shares of Reading International. Approximately 37.12% of the company's stock is held by institutional investors, 12.12% by insiders, and 3.40% by public companies and individual investors.