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Reservoir Media (RSVR)
NASDAQ:RSVR
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.02Last Year’s EPS
-0.05Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 08, 2022
|% Change Since: -10.01%
|Next Earnings Date:Nov 09, 2021
Earnings Call Sentiment|Positive
Reservoir Media reported solid financial growth and significant talent acquisitions, demonstrating strength in its Music Publishing segment and a strong pipeline for future growth. However, challenges in the Recorded Music segment and a decline in net income were noted. The business remains optimistic about its strategic investments in emerging markets and the potential for continued success.Company Guidance
During the Q2 2025 earnings call for Reservoir Media (RSVR), the company provided optimistic guidance, raising its revenue expectations to a range of $150 million to $153 million, indicating nearly 5% growth from the previous year. The adjusted EBITDA guidance was also increased to $59 million to $62 million, reflecting an anticipated growth of about 9% at the midpoint. The financial performance was driven by a 6% revenue increase, reaching $40.7 million, and a notable 11% rise in adjusted EBITDA to $17.6 million. The company highlighted a robust pipeline with over $1 billion in transactions under consideration at attractive entry multiples, emphasizing its strategic focus on diversifying its portfolio and investing in high-quality, evergreen catalogs to sustain long-term growth.Revenue Growth and Financial Performance
Reservoir Media reported Q2 revenue of $40.7 million, up 6% compared to the year-ago period, and adjusted EBITDA of $17.6 million, up 11%. The financial results were driven by strength in the Music Publishing business and good cost discipline.
Significant Talent Acquisitions
Reservoir signed deals with major artists such as Snoop Dogg, k.d. lang, and acquired the producer rights of Jack Douglas. These additions reinforce their reputation as a partner of choice for top musical talents.
Strong Pipeline and Guidance Increase
With over $1 billion in transactions under consideration, Reservoir increased their revenue guidance range to $150-$153 million and adjusted EBITDA guidance to $59-$62 million for fiscal year 2025.
Improvements in Music Publishing Revenue
Music Publishing revenue increased by 10%, driven by acquisitions, price increases at streaming services, and synchronization revenue.
Expansion in Emerging Markets
Reservoir's early investment in emerging markets like the Middle East and North Africa is contributing to organic growth opportunities, addressing market saturation in the U.S.
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RSVR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RSVR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $8.79 | $8.66 | -1.48% |
| Jul 31, 2024 | $8.31 | $7.96 | -4.21% |
| May 30, 2024 | $7.79 | $8.27 | +6.16% |
| Feb 07, 2024 | $6.84 | $6.01 | -12.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Reservoir Media (RSVR) report earnings?
Reservoir Media (RSVR) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Reservoir Media (RSVR) earnings time?
Reservoir Media (RSVR) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RSVR EPS forecast?
RSVR EPS forecast for the fiscal quarter 2025 (Q3) is 0.02.
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