Reading International Inc (RDI) is a cinema exhibition and real estate company that operates movie theaters and owns income-producing properties across the United States, Australia, and New Zealand. Revenue comes from two reported segments: cinema exhibition, which generates ticket sales, food and beverage sales, and film-related income; and real estate, which generates rental and property income from owned assets. For FY2025, total gross revenues were $203.1 million, split 52% United States, 42% Australia, and 6% New Zealand. Cinema segment revenue was $188.6 million and real estate segment revenue was $18.4 million (FY2025, per 10-K filed 2026-03-31). Cinema segment operating income was $3.6 million in FY2025, recovering from a $2.8 million operating loss in FY2024. Real estate segment operating income was $5.9 million in FY2025. The company carries net interest expense of $17.9 million (FY2025) and held $10.5 million in cash with no unused corporate credit facility capacity as of December 31, 2025. Ellen M. Cotter serves as President and CEO. The company is debt-heavy relative to its cash position.

Revenue model

Transactional revenue from cinema ticket sales, food and beverage sales, and film rent arrangements, combined with property rental income from owned real estate assets across three countries.

Products and services

Cinema exhibition (movie theaters generating ticket, food and beverage, and advertising revenue) and real estate (owned commercial and mixed-use properties generating rental income). The company monetized real estate assets in Wellington, New Zealand for NZ$38.0 million and Cannon Park properties in Townsville, Queensland, Australia for AU$32.0 million during 2025.

Customers and end markets

General moviegoing consumers in the United States, Australia, and New Zealand. Real estate tenants occupying company-owned properties in the same three markets. No disclosed customer concentration data.

Value-chain role

Downstream exhibitor in the film distribution chain, licensing content from studios and presenting it to end consumers. Also acts as property owner and landlord in the real estate segment.

Geographic exposure

United States: $106.4 million gross revenue, 52% of total (FY2025). Australia: $85.1 million, 42% (FY2025). New Zealand: $11.6 million, 6% (FY2025). Total worldwide non-current assets of $413.2 million as of December 31, 2025: $234.3 million in the United States, $155.9 million in Australia, $23.0 million in New Zealand.

Source: SEC 10-K, filed 2026-03-31

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