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Reading International Inc (DE:46B)
FRANKFURT:46B

Reading International (46B) Price & Analysis

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46B Stock Chart & Stats

€0.93
€0.03(2.65%)
At close: 4:00 PM EST
€0.93
€0.03(2.65%)

Bulls Say, Bears Say

Bulls Say
Strong Revenue GrowthMaterial top-line expansion (TTM revenue +244%) reflects successful recovery and stronger box-office demand across markets. Durable revenue growth supports operational scale, improves leverage of fixed costs, and provides a foundation for sustained margin recovery and deleveraging over the next several quarters.
Improved Cash GenerationTransition to positive operating and free cash flow is a structural improvement versus prior years. Even if small relative to debt, consistent positive FCF reduces net cash burn, enhances credibility with lenders, and creates a pathway for disciplined debt paydown or necessary capex to sustain cinema and real estate operations.
Stable Real Estate Income & High OccupancyHigh occupancy and a long stretch of positive real estate operating income provide a resilient, predictable cash stream. This stabilizes consolidated cash flow, offsets cinema cyclicality, and provides options for measured monetizations to address capital structure without impairing core operations.
Bears Say
Highly Levered Balance SheetNegative equity and large outstanding borrowings materially constrain financial flexibility. Structural leverage increases refinancing and covenant default risk, limits ability to absorb shocks, and forces reliance on asset sales or external funding to restore a sustainable capital structure over the coming months.
Very Low Liquidity / Near-Term MaturitiesExtremely low cash reserves combined with imminent loan maturities and covenant pressure create a persistent refinancing hazard. Over 2–6 months this elevates execution risk, forces asset monetizations at potentially suboptimal prices, and can disrupt operational plans if lender support weakens.
Weak ProfitabilitySustained negative net margin and marginal/negative EBITDA limit internal capital formation and heighten dependence on external financing or asset sales. Even with revenue gains, persistent loss-making undermines long-term earnings quality and slows capacity to deleverage without sustained margin improvement.

Reading International News

46B FAQ

What was Reading International Inc’s price range in the past 12 months?
Reading International Inc lowest stock price was €0.56 and its highest was €1.84 in the past 12 months.
    What is Reading International Inc’s market cap?
    Reading International Inc’s market cap is €33.90M.
      When is Reading International Inc’s upcoming earnings report date?
      Reading International Inc’s upcoming earnings report date is Aug 19, 2026 which is in 74 days.
        How were Reading International Inc’s earnings last quarter?
        Currently, no data Available
        Is Reading International Inc overvalued?
        According to Wall Street analysts Reading International Inc’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
          Does Reading International Inc pay dividends?
          Reading International Inc does not currently pay dividends.
          What is Reading International Inc’s EPS estimate?
          Reading International Inc’s EPS estimate for its next earnings report is not yet available.
          How many shares outstanding does Reading International Inc have?
          Reading International Inc has 21,036,670 shares outstanding.
            What happened to Reading International Inc’s price movement after its last earnings report?
            Currently, no data Available
            Which hedge fund is a major shareholder of Reading International Inc?
            Currently, no hedge funds are holding shares in DE:46B
            What is the TipRanks Smart Score and how is it calculated?
            Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

              Reading International Stock Smart Score

              Company Description

              Reading International Inc

              Reading International, Inc., together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas. This segment operates its cinema exhibition businesses under the Reading Cinemas, Angelika Film Center, Consolidated Theatres, State Cinema, Event Cinemas, and Rialto Cinemas brands. The Real Estate segment develops, rents, or licenses retail, commercial, and live theater assets. As of December 31, 2020, the company had interests in 63 cinemas comprising approximately 515 screens; fee interests in two live theaters; fee interest in 44 Union Square property; fee interest in one cinema in Manhattan; fee interests in two cinemas in Australia and three cinemas in New Zealand; fee interest in entertainment-themed centers; fee interest in 2 office buildings; and fee ownership of approximately 8.9 million square feet of developed and undeveloped real estate assets. Reading International, Inc. was incorporated in 1999 and is headquartered in New York, New York.

              Reading International (46B) Earnings & Revenues

              46B Earnings Call

              Q1 2026
              0:00 / 0:00
              Earnings Call Sentiment|Neutral
              The call conveyed meaningful operational momentum — stronger box office, record F&B and ticket metrics, membership growth, reduced cash burn and lower interest expense — but these positives are tempered by a materially larger GAAP net loss (driven partly by absence of prior-year sale gains), negative adjusted EBITDA, very low cash balances ($0.5M), and near-term refinancing/liquidity pressures that have led to asset monetizations. Improvements in cinema operations and loyalty/F&B execution are notable, yet balance sheet and cash concerns remain salient.View all DE:46B earnings summaries
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