earnings
confidence high
sentiment positive
materiality 0.75
Reservoir Media Q1 FY2023 revenue $24.3M (+46% YoY); reaffirms FY2023 guidance
Reservoir Media, Inc.
2022-Q1 EPS reported
$0.00
revenue$24,278,770
- Revenue $24.3M, up 46% YoY (14% organic); Music Publishing +35%, Recorded Music +80%.
- Adjusted EBITDA $7.4M, up 73% YoY; Operating income $1.3M vs $0.2M; Net income $0.00/share.
- Reaffirmed FY2023 guidance: revenue $116-121M, Adj. EBITDA $44-47M (~10% growth).
- Closed catalog deals including Marley Marl and Matt Sorum; signed artists Margo Price and Ben Harper.
- Total liquidity $80.0M (cash $12.6M + revolver $67.4M); net debt $264.9M.