Filing Flows › Reading International (RDI) › Q1 2025
Reading International (RDI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Reading International (RDI) reported revenue of $40.2M for the first quarter 2025 (Q1 2025), -11% from a year earlier and -31% from the quarter before. Operating margin was -17.2%, net loss $4.9M (12.3% of revenue).
Reading International, Q1 2025: revenue $40.2M (-11% year over year), operating margin -17.2%, net loss $4.9M, operating cash flow −$7.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $40.2M | -31% | -11% |
| Operating profit | −$6.9M | -551% | — |
| Net earnings | −$4.9M | — | — |
| Operating cash flow | −$7.7M | -196% | — |
What changed
Revenue was $40.2M in Q1 2025, down 11% year over year and down 31% from the previous quarter. Cinema was the largest line at 91% of revenue. Cinema lost $4.9M year over year (down 12%), 100% of the total change.
Operating costs exceeded revenue by $6.9M, an operating margin of -17.2%. Total costs fell 11% while revenue fell 11%. The quarter ended with a net loss of $4.9M, wider than the previous quarter's $2.4M loss. Minority interests bore $195K of it: to shareholders the quarter was a loss of $4.8M. Non-operating items added $1.5M, -27% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$7.7M. Non-cash charges added back $3.4M of depreciation and amortization and $600K of share-based compensation. Working capital and other items used $6.7M. Capital expenditures of $406K exceeded it, leaving free cash flow of −$8.1M.
Questions
What was Reading International's revenue in the first quarter 2025?
Reading International (RDI) reported revenue of $40.2M for the first quarter 2025 (Q1 2025), -11% from a year earlier and -31% from the quarter before.
Was Reading International profitable in the first quarter 2025?
Operating loss was $6.9M (-17.2% of revenue) and net loss $4.9M.