Reading International just smashed Q2 numbers with a 11% revenue jump to $66.9M, turning a $2.3M profit after last year’s loss — thanks to roaring cinema sales in Australia, booming U.S. live theater, and record-breaking ticket prices and food sales across the board. Adjusted EBITDA surged 79%, while New Zealand and Australia also posted massive operating income gains. They’re cashing in on real estate stability too, with a 4% global revenue lift fueled by NYC shows. Despite rising costs and no pandemic aid, they’re strategically selling assets like the Cinemas 1,2,3 building to pay down debt and reinvest — all while growing membership and upgrading customer experiences.
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