Reading International Sees Strongest Quarter Since 2019, Net Income Jumps 185%
August 18, 2026 – Reading International, Inc. has reported a strong second quarter of 2026, with the company's cinema segment operations seeing their best quarter since Q2 2019.
In an earnings call transcript released earlier today, the company's Chief Financial Officer and Treasurer, Gilbert Avanes, outlined the results from the second quarter of 2026. Key highlights include:
Consolidated revenue increased by $6.5 million to $66.9 million in Q2 2026, compared to the same period last year.
The company's cinema segment operations earned their best quarter since Q2 2019, with a significant improvement in attendance and F&B revenues driven by a stronger film slate in Australia.
Australia real estate revenue also saw an increase due to improved programming at the Minetta Lane Theatre, leading to higher live theater revenues.
The strengthening of the Australian foreign exchange rate against the U.S. dollar positively impacted the company's results, with 53% of its revenue being generated internationally in Q2 2026.
Net income attributable to Reading International, Inc. increased by a staggering 185% to $2.3 million in Q2 2026, compared to a loss of $2.7 million in the same period last year.
This impressive growth was driven by improved performance from the company's Australia cinema and U.S. real estate segments, offset by a one-time gain on sale of assets that did not repeat in Q2 2026.
On a total company level, Reading International had its best quarter of operations since Q2 2018, with consolidated revenue increasing to $66.9 million in Q2 2026 from $60.4 million in the same period last year.
The company's global operating income also improved significantly, rising by $4.6 million compared to the same period last year.
Reading International's Chief Financial Officer and Treasurer, Gilbert Avanes, attributed the company's strong performance to a combination of factors, including a stronger film slate in Australia, increased revenue in U.S. and Australian real estate divisions, and the strengthening of the Australian currency.
