Reading International Reports Fourth Quarter and Full Year 2022 Results
NEW YORK, April 03, 2023 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ: RDI), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the fourth quarter and year ended December 31, 2022.
- Net income decreased from a gain of $0.3 million in Q4 2021 to a net loss of $13.2 million.
- Negative Adjusted EBITDA of $0.1 million in 2022 compared to an Adjusted EBITDA of $74.2 million in 2021.
- As of December 31, 2022, our total outstanding bank borrowings were $215.6 million against total book value assets of $587.1 million.
- Questions and topics for consideration should be submitted to [email protected] on April 3, 2023 by 5:00 p.m. Eastern Standard Time.