Reading International Reports Q2 2026 Earnings
Reading International (RDI) reported second-quarter earnings for 2026 with consolidated revenue of $66.9 million, an 11% increase driven by strong movie slate performance in Australia and improved live theater results in the U.S. Net income reached $2.3 million compared to a loss of $2.8 million in the prior year period due to stronger performances across its cinema segments. Adjusted EBITDA rose sharply to $11.3 million, up 79%, while operating income surged by 159% to $7.5 million from $2.9 million a year ago. The company's global cinema revenue hit $63.0 million — the highest quarterly result since Q4 of 2019 — with Australia’s cinema segment setting new records in both local currency and U.S. dollars. Despite some challenges, such as declining U.S. cinema revenue due to theater closures and weaker art house titles, Reading International reported strong average ticket prices across all regions and increased F&B spend per patron. The company also noted a 27% increase in global loyalty program membership during the quarter.
Topics: cinema industry financial performance global revenue