earnings
confidence high
sentiment positive
materiality 0.75
Reservoir Media Q2 FY25 revenue +6% to $40.7M; raises FY25 guidance on strong music publishing
Reservoir Media, Inc.
- Revenue $40.7M (+6% YoY); Music Publishing +10% to $28.6M; Recorded Music -1% to $10.7M.
- Operating income $10.1M (up from $6.1M); OIBDA $16.6M (+34%); Adjusted EBITDA $17.6M (+11%).
- Net income $0.2M ($0.00 EPS) vs $0.7M ($0.01 EPS) prior, hurt by loss on swap fair value.
- Raised FY25 outlook: Revenue $150M-$153M, Adj EBITDA $59M-$62M (mid-point growth 5% and 9%).
- Signed publishing deals with Snoop Dogg/Death Row, k.d. lang; acquired Billy Strange and Jack Douglas catalogs.