Q2 2025 Reservoir Media Inc Earnings Call Transcript
Key Points
- Reservoir Media Inc (RSVR) reported a 6% increase in revenue to $40.7 million and an 11% rise in adjusted EBITDA to $17.6 million compared to the previous year.
- The company achieved significant milestones by signing deals with high-profile artists such as Snoop Dogg and k.d. lang, enhancing its reputation and portfolio.
- Reservoir Media Inc (RSVR) successfully acquired the producer rights of Jack Douglas and the publishing rights to Billy Strange's catalog, diversifying its portfolio.
- The company reported strong organic growth driven by investments in country music songwriters and producers, contributing to its overall success.
- Reservoir Media Inc (RSVR) raised its revenue guidance range to $150 million to $153 million and adjusted EBITDA guidance to $59 million to $62 million, indicating confidence in future performance.
- Recorded music revenue declined by 1% due to the previous year's release of De La Soul's catalog, impacting overall revenue growth.
- Net income decreased to approximately $200,000 from $700,000 in the previous year, partly due to a loss on the fair value of swaps.
- The company experienced a decrease in mechanical and performance revenue due to the timing of chart-topping releases and broadcasts.
- Digital revenue in the recorded music segment was down slightly, affected by a spike in streaming following the death of Sinead O'Connor.
- The Synch revenue, while strong, is subject to timing fluctuations and is not necessarily indicative of a consistent run rate.
Good morning, everyone, and thank you for participating in today's earnings conference call. Reservoir Media issued a press release with results for its second quarter of fiscal 2025 ended September 30, 2024 earlier this morning. If you did not receive a copy of our earnings press release, you may access it from the Investor Relations section of our website at investors.reservoir-media.com. With me on today's call are Golnar Khosrowshahi, Founder and Chief Executive Officer; and Jim Heindlmeyer, Chief Financial Officer.
As a reminder, this call is being simultaneously webcast and will be recorded and archived on the Investor Relations section of our website. Before I turn the call over to Golnar and Jim, I'd like to note that today's discussion will contain forward-looking statements that reflect the current views of Reservoir Media about our business, financial performance, and future events, and as such, involve certain risks and uncertainties. Our expectations, beliefs, and projections are expressed in good faith, and we believe there is a
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