Monitor progress on asset sales (Napier property, Cinemas 1,2,3) and the upcoming movie slate for potential revenue catalysts. The company's ability to refinance NYC live theatre debt and reduce interest expense (down 11% YoY) is also key. No near-term earnings catalyst is identified.
Price Chart
Executive Summary
Reading International reported Q1 2026 revenue of $45.1M (+12% YoY) and an operating loss improvement of 47% to -$3.6M, its best Q1 operating result since 2019. However, net loss attributable to Reading widened to -$8.1M (-$0.36 per share) from -$4.8M in Q1 2025, which included a $6.5M gain on sale. No formal guidance was provided.
Key Financial Metrics
Key Facts
- Total Q1 2026 revenue $45.1M, up 12% from $40.2M in Q1 2025
- Operating loss improved 47% to -$3.6M from -$6.9M
- Net loss attributable to Reading -$8.1M vs -$4.8M in Q1 2025 (includes $6.5M gain on sale in prior year)
- Basic loss per share -$0.36 vs -$0.21
- No numeric guidance provided in the release
- Company is under contract to sell Napier, New Zealand property and pursuing sale of Cinemas 1,2,3 building in NYC
Financial Impact
Revenue up 12% YoY; operating loss narrowed by $3.3M; net loss worsened by $3.4M due to absence of prior-year gain on sale
Risk Factors
- Continued operating losses and negative EBITDA (-$0.8M in Q1 2026)
- High debt load ($184.6M total gross debt) and liquidity constraints ($5.5M cash)
- Dependence on movie slate performance for cinema revenue growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3295893 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | DEF 14A | $1.79 | awaiting T+20 | — | $1.73 (−3.35%) |
Aug 14, 2026 10w ago | 8-K | $1.61 $2.14 | ▲ +32.92% | ▲ +34.91% | $1.73 (+7.45%) |
May 15, 2026 23w ago | Press Release | $1.06 $1.23 | ▲ +16.04% | ▲ +13.92% | $1.73 (+63.21%) |
Mar 31, 2026 29w ago | 8-K | $1.09 $1.10 | ▲ +0.92% | ▼ −8.80% | $1.73 (+58.72%) |
Mar 31, 2026 29w ago | Press Release | $1.13 $1.10 | ▲ +3.10% | ▲ +12.52% | $1.73 (−53.10%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers