Reading International (46B) Stock Price & Analysis
46B Stock Chart & Stats
- Day’s Range
- EUR 1.26 - EUR 1.26
- 52-Week Range
- EUR 0.56 - EUR 1.84
- Previous Close
- EUR 1.32
- Volume
- 0
- Average Volume (3M)
- 109
- Market Cap
- EUR 47.05M
- Enterprise Value
- EUR 379.95M
- Total Cash (Recent Filing)
- EUR 5.69M
- Total Debt (Recent Filing)
- EUR 357.19M
- Price to Earnings (P/E)
- ―
- Beta
- 0.75
- Next Earnings
- Nov 12, 2026 (Est.)
- EPS Estimate
- N/A
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Operating Improvement
The substantial EBITDA improvement indicates that operating performance is gaining traction, not merely benefiting from revenue growth. If sustained, stronger operating income can support reinvestment, improve debt-servicing capacity, and provide a more durable earnings base across future quarters.
Australian Cinema Strength
Australia is providing a meaningful source of growth and profitability within the cinema portfolio. Record revenue and sharply higher operating income suggest strong local customer demand and operating leverage, helping offset weaker performance in parts of the U.S. circuit.
Real Estate Stability
The real estate segment adds diversification beyond cinema exhibition, with rising revenue, improving operating income, and high occupancy among Australia and New Zealand third-party tenants. These characteristics can provide a steadier earnings contribution while cinema results fluctuate.
Bears Say
Negative Equity And Leverage
Negative equity and very high debt leave the company with limited financial flexibility and a capital structure vulnerable to operating setbacks. The burden can restrict investment, increase sensitivity to refinancing costs, and make deleveraging dependent on asset sales or stronger earnings.
Liquidity And Refinancing Pressure
A low cash balance relative to outstanding borrowings and near-term maturities creates continuing dependence on lender cooperation and successful refinancing. This can divert management attention, constrain operating decisions, and expose the business to disruption if extensions or replacements are delayed.
Weak Profitability And Cost Pressure
The company remains loss-making with thin operating profitability, while gross-margin compression points to pressure on earnings quality. Higher operating and labor costs can prevent revenue stabilization from translating into durable cash earnings unless pricing, occupancy costs, and productivity improve.
46B FAQ
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Reading International Stock Smart Score
Company Description
Reading International
Reading International, Inc. (RDI) is an enterprise primarily involved in the ownership, expansion, and management of both entertainment venues and property holdings across the United States, Australia, and New Zealand. The company operates through two main divisions: Cinema Exhibition and Real Estate. Its Cinema Exhibition segment oversees numerous multiplex movie theaters, operating under banners such as Reading Cinemas, Angelika Film Center, Consolidated Theatres, State Cinema, Event Cinemas, and Rialto Cinemas. The Real Estate division focuses on developing, leasing, or licensing various retail, commercial, and live performance venues. As of December 31, 2020, Reading International's extensive portfolio included direct ownership of 63 cinemas, collectively offering around 515 screens, along with two live theaters. Its real estate holdings further encompassed the 44 Union Square property, a Manhattan cinema, two cinemas in Australia, three in New Zealand, entertainment-themed complexes, two office buildings, and roughly 8.9 million square feet of developed and undeveloped land. Established in 1999, the company's corporate headquarters are situated in New York, New York.
- Sector
- Communicationservices
- Industry
- Entertainment
- CEO
- Ellen Marie Cotter
- Employees
- 2,025
- Website
- www.readingrdi.com
- Address
- 189 Second Avenue, New York City, NY, 10003, US
Reading International (46B) Earnings & Revenues
46B Earnings Call
Earnings Call SentimentPositive
The earnings call emphasized multiple operational improvements and record performances—record second-quarter revenue in several markets, a large YoY jump in adjusted EBITDA, a return to Q2 net income, very strong Australian circuit results, F&B and loyalty momentum, and active asset monetization and leasing efforts. Offsetting these positives are near-term liquidity and refinancing pressures (low cash balance, material outstanding debt and upcoming maturities), reliance on asset sales to pay down debt, rising operating and labor costs, and ongoing legal/transaction uncertainties. On balance, operational momentum and measurable improvements dominate the narrative, but the company still faces material balance sheet and execution risks.
View all DE:46B earnings summariesTechnical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 8 | 2 | 12 |
| Technical Analysis | 6 | 2 | 2 |
| Moving Averages | 2 | 0 | 10 |