secwatch.observer — SEC 8-K summary
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Issuer:     Reservoir Media, Inc. (RSVR)
CIK:        0001824403
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001104659-24-112424
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reservoir Media Q2 FY25 revenue +6% to $40.7M; raises FY25 guidance on strong music publishing
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824403/000110465924112424/0001104659-24-112424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824403/000110465924112424/tm2427060d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-112424

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