Reading International Inc Q2 2025 Earnings Call Highlights: Record Operating Income, Strategic Growth Initiatives, and Promising Film Slate

Reading International Inc reported record Q2 operating income since 2019, driven by cinema and real estate divisions. Global total revenues increased by 29% YoY. F&B Spend Per Patron reached record highs in Australia, NZ, and the US. The company successfully reduced its debt by over $102.5 million since June 2020. A promising film slate for the remainder of 2025 and into 2026 is expected to drive further growth.

Title: Reading International Inc Reports Strong Q2 2025 Performance

Reading International Inc. (NASDAQ: RDI) has reported robust financial performance for the second quarter of 2025, marking a significant improvement over previous quarters. The company's Q2 operating income reached a record high since 2019, driven by strong performances from both its cinema and real estate divisions. Key highlights include a 29% year-over-year (YoY) increase in global total revenues and record highs in Food and Beverage Spend Per Patron (F&B SPP) across Australia, New Zealand, and the United States.

The company's global cinema revenues and operating income exceeded expectations, with a 32% YoY increase in global cinema revenues and a 218% increase in global cinema operating income. The quarter started strongly with the April releases of "A Minecraft Movie" and "Sinners," which outperformed expectations and energized moviegoers. The company also benefited from a diverse movie lineup that included "Lilo & Stitch," "Mission: Impossible - The Final Reckoning," and "How to Train Your Dragon."

In addition to its cinema operations, Reading International's real estate division contributed to the improved results. Global real estate revenues decreased slightly but operating income increased by 56% compared to the same period last year. The company's strategic initiatives, including the sale of Cannon Park assets in Townsville, Australia, helped reduce debt. Since June 2020, Reading International has repaid over $102.5 million of debt.

The company's F&B SPP reached record highs in all three markets. In Australia, the Q2 2025 F&B SPP was the highest ever at AUD 8.26. In New Zealand, the F&B SPP was NZD 7.14, the highest quarter ever. In the United States, the F&B SPP was $9.13, the highest quarter ever for a fully operational U.S. circuit.

Looking ahead, Reading International is optimistic about the remainder of 2025 and into 2026. The company expects the fourth quarter to be strong, with a diverse and promising slate of films, including "Zootopia 2," "Five Nights at Freddy's 2," "TRON: Ares," "Avatar: Fire and Ash," and "Wicked: For Good." The company's global teams are poised to take advantage of these expected strong box office performers.

In summary, Reading International Inc. reported strong financial performance for the second quarter of 2025, driven by improvements in its cinema and real estate divisions. The company's strategic initiatives and a promising film slate for the remainder of the year are expected to drive further growth.

References:
[1] https://seekingalpha.com/article/4815026-reading-international-inc-rdi-q2-2025-earnings-call-transcript