Reservoir Media Q2 revenue beats estimates

Reservoir Media

04/11/2025 12:15

Overview

Reservoir Media Q2 revenue grows 12% yr/yr, beating analyst expectations

Adjusted EBITDA for Q2 rises 10% yr/yr, reflecting revenue growth

Company acquires Miles Davis catalog, partners with estate for centennial

Outlook

Reservoir raises fiscal 2026 revenue guidance to $167M-$170M

Company lifts fiscal 2026 adjusted EBITDA forecast to $70M-$72M

Result Drivers

RECORDED MUSIC GROWTH - Recorded Music Revenue increased by 21% yr/yr, driven by digital and synchronization revenue growth

MUSIC PUBLISHING GROWTH - Music Publishing Revenue rose 8% yr/yr, supported by performance and mechanical revenue increases

MILES DAVIS CATALOG - Acquisition of Miles Davis catalog expected to enhance future revenue streams

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$45.44 mln
$43.13 mln (2 Analysts)
Q2 EPS
$0.03
Q2 Net Income
$2.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the entertainment production peer group is "buy"

Wall Street's median 12-month price target for Reservoir Media Inc is $11.50, about 35.8% above its November 3 closing price of $7.38

The stock recently traded at 54 times the next 12-month earnings vs. a P/E of 54 three months ago

Press Release: ID:nACSC3ZSWa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)