Billionaire investor Mark Cuban continues to hold a significant stake in Reading International, Inc. (NASDAQ:RDI), a global cinema and real estate company.

Official filings from 2022 confirmed that Cuban is a 10% owner of the voting Class B shares. He has kept his specific investment thesis private.

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Reading International focuses on owning, developing, and operating entertainment and real property assets across the United States, Australia, and New Zealand.

Its portfolio includes commercial and live theater venues.

FY25 Financial Results Show Improvement

In late March, the company posted its financial earnings for the fourth quarter of 2025.

The loss per share was $0.11, slightly missing the estimated loss of $0.10.

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However, full-year losses per share for FY25 showed massive improvement. They dropped to $0.62 compared to a loss of $1.58 recorded in FY24.

Quarterly revenue for the fourth quarter reached $50.3 million. This marked a decline of more than 14% compared to the same period in the previous year.

Total revenue for FY25 stood at $203 million. This showed a slight decrease from the $210.5 million generated during FY24.

The net loss for the fourth quarter widened to $2.6 million from $2.2 million in the prior year's quarter.

In contrast, the full-year net loss for FY25 improved substantially.

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It shrank to $14.1 million from the hefty $35.3 million net loss in FY24.

Adjusted EBITDA for the final quarter decreased to $5.1 million from $6.8 million in Q4 FY24.

Full-year adjusted EBITDA surged dramatically to $17.8 million from just $2.1 million in FY24. This indicates a strong operational turnaround despite revenue declines.

Reading International's performance reflects ongoing challenges in the cinema and real estate sectors. The company continues to navigate changing consumer habits and market conditions.

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Mark Cuban's continued stake signals confidence in the company's long-term prospects. However, his specific reasons remain undisclosed.