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