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Reading International (RDI) Q4 2024 earnings results (fourth quarter 2024)

10-K filed Mar 31, 2025

Reading International (RDI) reported revenue of $58.6M for the fourth quarter 2024 (Q4 2024), +29% from a year earlier and -3% from the quarter before. Operating margin was 2.6%, net loss $2.4M (4.0% of revenue).

Revenue$58.6M
Year over year+29%
Quarter over quarter-3%
Operating margin2.6%
Net earnings−$2.4M

Reading International, Q4 2024: revenue $58.6M (+29% year over year), operating margin 2.6%, net loss $2.4M, operating cash flow $8.0M. The chart follows the revenue to costs, profit and cash.

Q4 2024AmountQ/QY/Y
Revenue$58.6M-3%+29%
Operating profit$1.5M——
Net earnings−$2.4M——
Operating cash flow$8.0M+496%—
Free cash flow$7.0M——

What changed

Revenue was $58.6M in Q4 2024, up 29% year over year and down 3% from the previous quarter. Cinema was the largest line at 93% of revenue.

Operating profit was $1.5M, a 2.6% margin (up 18.0 points year over year). Total costs grew 9% against revenue growth of 29%. The quarter ended with a net loss of $2.4M, narrower than the previous quarter's $7.1M loss. Minority interests bore $116K of it: to shareholders the quarter was a loss of $2.2M. Net interest and other expense of $3.7M was the main reason.

Operating cash flow was $8.0M. Non-cash charges added back $3.6M of depreciation and amortization and $619K of share-based compensation. Working capital and other items added $6.1M. Capital expenditures of $1.0M left free cash flow of $7.0M.

Questions

What was Reading International's revenue in the fourth quarter 2024?

Reading International (RDI) reported revenue of $58.6M for the fourth quarter 2024 (Q4 2024), +29% from a year earlier and -3% from the quarter before.

Was Reading International profitable in the fourth quarter 2024?

Operating profit was $1.5M (2.6% of revenue) and net loss $2.4M.

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Source: Reading International 10-K on SEC EDGAR.