Reading International (NASDAQ:RDI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$46.8m (down 28% from 2Q 2023).

• Net loss: US$9.34m (loss widened by 236% from 2Q 2023).

• US$0.42 loss per share (further deteriorated from US$0.13 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Reading International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 130%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are down 8.0% from a week ago.

Risk Analysis

We should say that we've discovered 4 warning signs for Reading International (1 is concerning!) that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.