RDI Earnings Prediction
The chart below shows how RDI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RDI sees a +1.57% change in stock price 10 days leading up to the earnings, and a +6.91% change 10 days following the report. On the earnings day itself, the stock moves by +1.14%. This data can give you a slight idea of what to expect for the next quarter's release.
RDI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
60.09M
-9.72%
28.37%
Gross Margin
7.80%
-19.17%
297.96%
Operating Margin
-0.41%
-126.80%
-95.59%
Net Margin
-11.69%
74.22%
-42.61%
EPS
-0.31
-55.00%
-26.19%
No Data Available
RDI Earnings Analysis
Reading International, Inc Class A Common Stock Corporation (RDI.O) Earnings Conference Call
Positive
Quarterly Revenue Increase: At $60.1 million, our third quarter 2024 global total revenue was 28% higher than Q2 2024, 33% higher than Q1 2024, and 33% higher than Q4 2023.
Record Cinema Revenue: Our Australian cinema revenue at AUD 37 million represented the best third quarter performance ever and the second highest reported quarter ever.
Record Q3 Revenue: Our Q3 2024 Australian F&B revenue of AUD 16.5 million is the highest third quarter of all time.
Record Quarterly F&B SPP: Our Q3 2024 F&B SPP result of $7.90 is our highest ever quarterly result.
Record Operating Income: Our third quarter 2024 Australian cinema operating income of $1.6 million is the best third quarter on record.
Negative
Quarterly Revenue Decline: Consolidated revenue for the quarter ended September 30, 2024 decreased by $6.5 million to $60.1 million when compared to the third quarter of 2023.
Revenue Decline Analysis: Consolidated revenue for the nine months ended September 30, 2024 decreased by $25.5 million to $152 million when compared to the nine months ended September 30, 2023.
Quarterly Net Loss Increase: Net loss attributable to Reading International Inc. for the quarter ended September 30, 2024 was $6.9 million compared to a loss of $4.4 million in Q3, 2023, a $2.5 million loss increase.
Loss Per Share Increase: Basic loss per share increased by $0.11 to a loss of $0.31 compared to a loss of $0.20 for Q3, 2023.
Cinema Revenue Decline: The decrease in cinema segment revenue and increased interest expense contributed to the overall net loss.
RDI FAQs
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RDI Earning Call Sentiment
Reading International, Inc. (RDI) Q3 2024 Earnings Call Transcript
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00:00
00:00
RDI.O
1.9%Positive
The earnings call reveals a mixed financial performance with declining revenues and increased net losses. Although there is some improvement in operating losses, the overall outlook is hindered by regulatory issues, real estate sales, and a lack of shareholder return plans. The Q&A section highlights management's optimism about future film slates but also points to uncertainties in refinancing and capital plans. The absence of a clear strategy for improving U.S. cinema performance and addressing debt concerns further supports a negative sentiment. The lack of a shareholder return plan also weighs down the sentiment.