Reading International Second Quarter 2024 Earnings: Misses Expectations

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

Before you take the next step you should know about the 4 warning signs for Reading International (1 is a bit unpleasant!) that we have uncovered.

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