How did RDIB's revenue and expenses shift in Q4 2024?

RDIB's revenue and expenses in Q4 2024 showed a significant shift, with a notable decline in net income and operating expenses in the Cinema segment, while the Real Estate segment's revenue remained relatively stable. 1. **Cinema Segment**: - **Revenue**: The Cinema segment's revenue decreased to $140.57 million, down from $195.13 million in the previous quarter. - **Net Income**: RDIB reported a net loss of $2.36 million for the quarter, which is a substantial decrease from the previous quarter's net income. - **Operating Expenses**: The operating expenses for the Cinema segment are not provided, but the overall operating expenses of RDIB were likely higher due to the negative net income. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |RDIB|RDIB.O|Reading B|20240101-2024|Real Estate|1.5397E7|186| |RDIB|RDIB.O|Reading B|20240101-2024|Real Estate|1.1381E7|186| |RDIB|RDIB.O|Reading B|20240101-2024|Real Estate|7648000|186| |RDIB|RDIB.O|Reading B|20240101-2024|Real Estate|3781000|186| |RDIB|RDIB.O|Reading B|20240101-2024|Real Estate|3781000|186| |RDIB|RDIB.O|Reading B|20240101-2024|Cinema|4.1271E7|186| |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |RDIB|RDIB.O|Reading B|2024 Q1|-18.3592370187213|-1.3403E7|186| |RDIB|RDIB.O|Reading B|2024 Q2|-354.42153093324015|-1.3001E7|186| |RDIB|RDIB.O|Reading B|2024 Q3|-59.88801791713326|-7139000|186| |RDIB|RDIB.O|Reading B|2024 Q4|81.2126047068209|-2355000|186| 2. **Real Estate Segment**: - **Revenue**: The Real Estate segment's revenue remained at $15.4 million, which is a relatively stable figure compared to the Cinema segment's decline. - **Net Income**: The net loss for the Real Estate segment is not provided, but the overall net loss of RDIB suggests that the Real Estate segment also contributed to the negative net income. - **Operating Expenses**: Similar to the Cinema segment, the operating expenses for the Real Estate segment are not provided. 3. **Overall Performance**: - RDIB's overall performance in Q4 2024 was negatively impacted, with a net loss of $2.36 million. The decline in revenue from the Cinema segment to $140.57 million, from $195.13 million in the previous quarter, is a significant factor in this negative trend. - The operating expenses are not provided by segment, but the negative net income indicates that these expenses were likely higher than the revenue generated, contributing to the financial loss. In conclusion, RDIB's Q4 2024 financials show a sharp decline in revenue and a significant negative net income, primarily due to the Cinema segment's revenue decrease. The Real Estate segment's revenue remained stable, but without segment-specific operating expense data, it is challenging to assess its full impact on the company's financial performance.