Reservoir Media Q2 FY2023 revenue up 10% to $33.3M; raises full-year guidance

Reservoir Media, Inc.

2022-Q2 EPS reported $0.07 revenue$57,544,481

Total revenue $33.3M (+10% YoY); Music Publishing revenue $24.1M (+9%), Recorded Music $8.9M (+11%).
Adjusted EBITDA $12.8M (+1% YoY); net income $4.5M (+3%); diluted EPS $0.07 vs $0.08 in prior year.
Fiscal 2023 guidance raised: revenue $118-122M, adjusted EBITDA $45-47M (mid-point growth ~11% each).
Acquired catalogs including Louis Prima and Voice of Beirut; M&A target of $100M for fiscal 2023 maintained.
Cash and equivalents $18.8M with $67.4M available under revolver for total liquidity of $86.2M.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Reservoir Media, Inc. reported second quarter of fiscal 2023 ended September 30, 2022 results: revenue $33.3 million, net income $4.5 million, EPS $0.07 per share. Guidance raised.

Period: second quarter of fiscal 2023 ended September 30, 2022
Revenue: $33.3 million
Net income: $4.5 million
EPS: $0.07 per share
Guidance: raised
Result: reported results

Exact text from the filing

an award-winning independent music company, today announced financial results for the second fiscal quarter of 2023 ended September 30, 2022. Recent Highlights: · Revenue of $33.3 million, increased 6% organically, or 10% including acquisitions year-over-year o Music Publishing revenue increased 9% year-over-year o Recorded Music revenue increased by 11%

View on SEC.gov

Browse all earnings releases →

Reservoir Media, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-115696

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.