Reading International (NASDAQ:RDI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$60.1m (down 9.7% from 3Q 2023).

• Net loss: US$6.92m (loss widened by 57% from 3Q 2023).

• US$0.31 loss per share (further deteriorated from US$0.20 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Reading International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 116%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are down 3.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Reading International (1 doesn't sit too well with us!) that we have uncovered.

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