Reservoir Media Announces First Quarter Fiscal 2026 Results
Reservoir Media (NASDAQ:RSVR) reported Q1 fiscal 2026 results with total revenue growing 8% to $37.2 million. The company's performance was driven by a 4% increase in Music Publishing revenue to $24.9 million and an 8% rise in Recorded Music revenue to $10.4 million.
Key financial metrics include Operating Income of $5.4 million (up 10%), OIBDA of $12.8 million (up 12%), and Adjusted EBITDA of $13.9 million (up 10%). The company reported a net loss of ($0.6) million or ($0.01) per share.
Notable achievements include investing in Lightroom, acquiring rights from Fool's Gold Records, and extending publishing deals with Joni Mitchell. The company maintains its FY2026 guidance of $164M-$169M in revenue and $68M-$72M in Adjusted EBITDA.
Reservoir Media (NASDAQ:RSVR) ha riportato i risultati del primo trimestre fiscale 2026 con un fatturato totale in crescita dell'8% a 37,2 milioni di dollari. La performance dell'azienda è stata trainata da un aumento del 4% dei ricavi da Music Publishing a 24,9 milioni di dollari e da un incremento dell'8% dei ricavi da Recorded Music a 10,4 milioni di dollari.
I principali indicatori finanziari includono un Reddito Operativo di 5,4 milioni di dollari (in crescita del 10%), un OIBDA di 12,8 milioni di dollari (in aumento del 12%) e un EBITDA rettificato di 13,9 milioni di dollari (in crescita del 10%). L'azienda ha riportato una perdita netta di (0,6) milioni di dollari, pari a (0,01) dollari per azione.
Tra i risultati di rilievo figurano l'investimento in Lightroom, l'acquisizione dei diritti da Fool's Gold Records e l'estensione degli accordi editoriali con Joni Mitchell. La società conferma le previsioni per l'anno fiscale 2026 con un fatturato tra 164 e 169 milioni di dollari e un EBITDA rettificato tra 68 e 72 milioni di dollari.
Reservoir Media (NASDAQ:RSVR) reportó los resultados del primer trimestre fiscal 2026 con un ingreso total creciendo un 8% hasta 37,2 millones de dólares. El desempeño de la compañía fue impulsado por un aumento del 4% en los ingresos de Music Publishing a 24,9 millones de dólares y un incremento del 8% en los ingresos de Recorded Music a 10,4 millones de dólares.
Las métricas financieras clave incluyen un Ingreso Operativo de 5,4 millones de dólares (un aumento del 10%), un OIBDA de 12,8 millones de dólares (un incremento del 12%) y un EBITDA Ajustado de 13,9 millones de dólares (un crecimiento del 10%). La empresa reportó una pérdida neta de (0,6) millones de dólares o (0,01) dólares por acción.
Entre los logros destacados se encuentran la inversión en Lightroom, la adquisición de derechos de Fool's Gold Records y la extensión de acuerdos editoriales con Joni Mitchell. La compañía mantiene su guía para el año fiscal 2026 con un ingreso entre 164 y 169 millones de dólares y un EBITDA Ajustado entre 68 y 72 millones de dólares.
Reservoir Media (NASDAQ:RSVR)는 2026 회계연도 1분기 실적을 발표하며 총 매출이 8% 증가한 3,720만 달러를 기록했습니다. 회사의 실적은 음악 출판 매출이 4% 증가하여 2,490만 달러, 녹음 음악 매출이 8% 상승하여 1,040만 달러에 힘입었습니다.
주요 재무 지표로는 영업이익 540만 달러 (10% 증가), OIBDA 1,280만 달러 (12% 증가), 조정 EBITDA 1,390만 달러 (10% 증가)가 있습니다. 순손실은 60만 달러(주당 -0.01 달러)를 기록했습니다.
주요 성과로는 Lightroom에 대한 투자, Fool's Gold Records로부터 권리 인수, Joni Mitchell과의 출판 계약 연장이 포함됩니다. 회사는 2026 회계연도 가이던스로 매출 1억 6,400만~1억 6,900만 달러와 조정 EBITDA 6,800만~7,200만 달러를 유지하고 있습니다.
Reservoir Media (NASDAQ:RSVR) a annoncé ses résultats du premier trimestre de l'exercice 2026 avec un chiffre d'affaires total en hausse de 8 % à 37,2 millions de dollars. La performance de l'entreprise a été portée par une augmentation de 4 % des revenus de l'édition musicale à 24,9 millions de dollars et une hausse de 8 % des revenus de la musique enregistrée à 10,4 millions de dollars.
Les principaux indicateurs financiers incluent un résultat d'exploitation de 5,4 millions de dollars (en hausse de 10 %), un OIBDA de 12,8 millions de dollars (en progression de 12 %) et un EBITDA ajusté de 13,9 millions de dollars (en hausse de 10 %). La société a enregistré une perte nette de (0,6) million de dollars, soit (0,01) dollar par action.
Parmi les réalisations notables figurent un investissement dans Lightroom, l'acquisition des droits de Fool's Gold Records et la prolongation des contrats d'édition avec Joni Mitchell. L'entreprise maintient ses prévisions pour l'exercice 2026 avec un chiffre d'affaires compris entre 164 et 169 millions de dollars et un EBITDA ajusté entre 68 et 72 millions de dollars.
Reservoir Media (NASDAQ:RSVR) meldete die Ergebnisse für das erste Quartal des Geschäftsjahres 2026 mit einem Gesamtumsatzwachstum von 8 % auf 37,2 Millionen US-Dollar. Die Unternehmensleistung wurde durch einen 4%igen Anstieg der Einnahmen aus Musikverlagsrechten auf 24,9 Millionen US-Dollar und einen 8%igen Anstieg der Einnahmen aus aufgenommenen Musikaufnahmen auf 10,4 Millionen US-Dollar angetrieben.
Wichtige Finanzkennzahlen umfassen ein Betriebsergebnis von 5,4 Millionen US-Dollar (plus 10 %), ein OIBDA von 12,8 Millionen US-Dollar (plus 12 %) und ein bereinigtes EBITDA von 13,9 Millionen US-Dollar (plus 10 %). Das Unternehmen meldete einen Nettoverlust von (0,6) Millionen US-Dollar bzw. (0,01) US-Dollar je Aktie.
Bemerkenswerte Erfolge umfassen Investitionen in Lightroom, den Erwerb von Rechten von Fool's Gold Records und die Verlängerung von Verlagsverträgen mit Joni Mitchell. Das Unternehmen bestätigt seine Prognose für das Geschäftsjahr 2026 mit einem Umsatz von 164 bis 169 Millionen US-Dollar und einem bereinigten EBITDA von 68 bis 72 Millionen US-Dollar.
- Total revenue increased 8% year-over-year to $37.2 million
- Operating Income grew 10% to $5.4 million
- Adjusted EBITDA rose 10% to $13.9 million
- Synchronization revenue in Music Publishing segment increased 48%
- Digital revenue in Recorded Music segment grew 23%
- Available liquidity increased to $173.0 million from $79.6 million in previous quarter
- Net loss increased to ($0.6) million from ($0.5) million year-over-year
- Digital revenue in Music Publishing segment declined 2%
- Performance revenue decreased 7% in Music Publishing segment
- Physical revenue in Recorded Music segment dropped 21%
- Cash provided by operating activities decreased by $2.5 million
- Total debt remained high at $387.4 million
Insights
Reservoir Media delivered solid 8% revenue growth with both segments performing well, despite minor net loss from higher interest expenses.
Reservoir Media's Q1 FY26 results showcase a company maintaining healthy momentum across both business segments. The overall 8% revenue growth to
Looking at profitability metrics, the
Within segments, the Publishing division's performance shows an interesting shift in revenue streams. The
In Recorded Music, the
The company's liquidity position strengthened significantly, with available liquidity more than doubling from
Management's maintained guidance of
Strong Results in Both Segments Grew Total Revenue by
NEW YORK CITY, NY / ACCESS Newswire / August 5, 2025 / Reservoir Media, Inc. (NASDAQ:RSVR) ("Reservoir" or the "Company"), an award-winning independent music company, today announced financial results for the first quarter of fiscal 2026 ended June 30, 2025.
Recent Highlights:
Revenue of
$37.2 million , increased5% organically, or8% including acquisitions year-over-yearMusic Publishing Revenue rose
4% year-over-yearRecorded Music Revenue increased by
8% year-over-year
Operating Income of
$5.4 million , increased by10% year-over-yearOIBDA ("Operating Income Before Depreciation & Amortization") of
$12.8 million , an increase of12% year-over-yearNet Loss of (
$0.6) million , or ($0.01) per share, compared to a net loss of ($0.5) million , or ($0.01) per shareAdjusted EBITDA of
$13.9 million , up10% year-over-yearInvested in London-based immersive entertainment company Lightroom, also providing access to Reservoir's catalog for new IP-driven experiences
Struck a deal with independent tastemaker record label Fool's Gold Records to acquire the master rights of five of the label's artists and exclusively market and distribute all other recordings including future releases
Extended publishing deals with music icon Joni Mitchell and Grammy award-winning songwriter and producer Khris Riddick-Tynes
Welcomed writer-producers Oscar Linnander and Jayme Silverstein to the roster
Management Commentary:
"We achieved healthy top-line growth in the first fiscal quarter, while continuing to manage our costs to generate a
First Quarter Fiscal 2026 Financial Results
Summary Financials | Q1 FY26 | Q1 FY25 | Change | ||||||
Total Revenue | |||||||||
Music Publishing Revenue | |||||||||
Recorded Music Revenue | |||||||||
Operating Income | |||||||||
OIBDA | |||||||||
Net Loss | |||||||||
Adjusted EBITDA |
(Table Notes: $ in millions; Quarters ended June 30th; Unaudited)
Total revenue in the first quarter of fiscal 2026 increased
Operating income in the first quarter of fiscal 2026 was
Net loss in the first quarter of fiscal 2026 was (
First Quarter Fiscal 2026 Segment Review
Music Publishing | Q1 FY26 | Q1 FY25 | Change | ||||||
Revenue by Type | |||||||||
Digital | ( | ||||||||
Performance | ( | ||||||||
Synchronization | |||||||||
Mechanical | ( | ||||||||
Other | |||||||||
Total Revenue | |||||||||
OIBDA |
(Table Notes: $ in millions; Quarters ended June 30th; Unaudited)
Music Publishing Revenue in the first quarter of fiscal 2026 was
In the first quarter of fiscal 2026, Music Publishing OIBDA increased
Recorded Music | Q1 FY26 | Q1 FY25 | Change | ||||||
Revenue by Type | |||||||||
Digital | |||||||||
Physical | ( | ||||||||
Neighboring Rights | ( | ||||||||
Synchronization | ( | ||||||||
Total Revenue | |||||||||
OIBDA |
(Table Notes: $ in millions; Quarters ended June 30th; Unaudited)
Recorded Music Revenue in the first quarter of fiscal 2026 was
In the first quarter of fiscal 2026, Recorded Music OIBDA increased
Balance Sheet and Liquidity
For the three months ended June 30, 2025, cash provided by operating activities was
As of June 30, 2025, Reservoir had cash and cash equivalents of
Fiscal Year 2026 Outlook
Reservoir maintains its previously provided financial outlook range for fiscal year 2026, and expects the financial results for the year ending March 31, 2026, to be as follows:
Outlook | Guidance | Growth (at mid-point) | ||||
Revenue | ||||||
Adjusted EBITDA |
Jim Heindlmeyer, Chief Financial Officer of Reservoir, stated, "The first fiscal quarter was hallmarked by our top-line growth, prudent cost containment, and our continued track record of value-additive acquisitions and retaining our talented roster of creators. We are squarely on the path to achieving our previously issued revenue and adjusted EBITDA guidance for fiscal year 2026."
Conference Call Information
Reservoir is hosting a conference call for analysts and investors to discuss its financial results for the first quarter for fiscal year ending March 31, 2026 at 10:00 a.m. EDT today, August 5, 2025. The conference call can be accessed via webcast in the Investor Relations section of the Company's website at https://investors.reservoir-media.com/news-and-events/events-and-presentations.
Interested parties may also participate in the call using the following registration link: Here. Once registered, participants will receive a dial-in number as well as a PIN to enter the event. Participants may re-register for the conference call in the event of a lost dial-in number or PIN. Shortly after the conclusion of the conference call, a replay of the audio webcast will be available in the investor relations section of Reservoir's website for 30 days after the event.
About Reservoir Media, Inc.
Reservoir is an independent music company based in New York City and with offices in Los Angeles, Nashville, Toronto, London, Abu Dhabi, and Mumbai. Reservoir is the first female-founded and led publicly traded independent music company in the U.S. Founded as a family-owned music publisher in 2007, Reservoir represents copyrights and master recordings including titles dating as far back as 1900 and hundreds of #1 releases worldwide. Reservoir frequently holds a Top 10 U.S. Market Share according to Billboard's Publishers Quarterly, was twice named Publisher of the Year by Music Business Worldwide's The A&R Awards and won Independent Publisher of the Year at the 2020 and 2022 Music Week Awards.
Reservoir also represents a multitude of recorded music through Chrysalis Records, Tommy Boy Music, and Philly Groove Records and manages artists through its ventures with Blue Raincoat Music and Big Life Management.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are made in reliance on the safe harbor protections provided thereunder. Forward-looking statements are typically identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "outlook," "plan," "possible," "potential," "predict," "project," "should," "target," "would" and other similar words and expressions. Forward-looking statements in this press release relate to, among other things: Reservoir's anticipated financial condition, results of operations and performance, expected growth, plans and objectives for future operations, business prospects and market conditions. Forward-looking statements are based on the current expectations and beliefs of management and information currently available to management. These statements are inherently subject to a number of risks, uncertainties and assumptions, many of which are outside of our control and could cause future events or results to be materially different from those stated or implied in this press release, including the risk factors that are described in Reservoir's Annual Report on Form 10-K for the year ended March 31, 2025 and our other filings with the SEC available on the SEC's website at www.sec.gov or Reservoir's website at www.reservoir-media.com. Any forward-looking statement made in this press release speaks only as of the date on which it is made and Reservoir undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Reservoir Media, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
Three Months Ended June 30, 2025 versus June 30, 2024
(Unaudited)
(Expressed in U.S. dollars)
Three Months Ended | ||||||||||||
2025 | 2024 | % Change | ||||||||||
Revenues | $ | 37,164,293 | $ | 34,316,843 | 8 | % | ||||||
Costs and expenses: | ||||||||||||
Cost of revenue | 13,192,715 | 13,281,116 | (1 | )% | ||||||||
Amortization and depreciation | 7,313,737 | 6,384,757 | 15 | % | ||||||||
Administration expenses | 11,211,147 | 9,689,437 | 16 | % | ||||||||
Total costs and expenses | 31,717,599 | 29,355,310 | 8 | % | ||||||||
Operating income | 5,446,694 | 4,961,533 | 10 | % | ||||||||
Interest expense | (6,295,958 | ) | (5,059,398 | ) | ||||||||
Gain (loss) on foreign exchange | 1,095,414 | (59,463 | ) | |||||||||
Loss on fair value of swaps | (997,165 | ) | (490,295 | ) | ||||||||
Other income (expense), net | (163,776 | ) | (99,522 | ) | ||||||||
Loss before income taxes | (914,791 | ) | (747,145 | ) | ||||||||
Income tax benefit | (271,066 | ) | (293,968 | ) | ||||||||
Net loss | (643,725 | ) | (453,177 | ) | ||||||||
Net loss attributable to noncontrolling interests | 88,066 | 106,522 | ||||||||||
Net loss attributable to Reservoir Media, Inc. | $ | (555,659 | ) | $ | (346,655 | ) | ||||||
Loss per common share: | ||||||||||||
Basic | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Diluted | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Weighted average common shares outstanding: | ||||||||||||
Basic | 65,369,891 | 64,970,693 | ||||||||||
Diluted | 65,369,891 | 64,970,693 | ||||||||||
Reservoir Media, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
June 30, 2025 versus March 31, 2025
(Unaudited)
(Expressed in U.S. dollars)
June 30, | March 31, | |||||||
Assets | ||||||||
Current assets | ||||||||
Cash and cash equivalents | $ | 14,857,144 | $ | 21,386,140 | ||||
Accounts receivable | 34,674,579 | 37,848,611 | ||||||
Current portion of royalty advances | 14,983,380 | 15,182,463 | ||||||
Other current assets | 4,956,968 | 4,867,081 | ||||||
Total current assets | 69,472,071 | 79,284,295 | ||||||
Intangible assets, net | 721,795,939 | 719,673,219 | ||||||
Equity method and other investments | 2,622,560 | 1,100,000 | ||||||
Royalty advances, net of current portion and reserves | 54,444,388 | 55,508,155 | ||||||
Property and equipment, net | 388,681 | 406,784 | ||||||
Operating lease right of use assets, net | 5,677,243 | 5,949,418 | ||||||
Fair value of swap assets | 1,087,832 | 1,828,303 | ||||||
Other assets | 1,487,469 | 1,376,836 | ||||||
Total assets | $ | 856,976,183 | $ | 865,127,010 | ||||
Liabilities | ||||||||
Current liabilities | ||||||||
Accounts payable and accrued liabilities | $ | 3,758,677 | $ | 5,394,755 | ||||
Royalties payable | 42,089,753 | 47,210,727 | ||||||
Accrued payroll | 541,529 | 2,588,758 | ||||||
Deferred revenue | 2,740,224 | 1,885,462 | ||||||
Other current liabilities | 3,891,791 | 7,954,208 | ||||||
Income taxes payable | 680,682 | 803,342 | ||||||
Total current liabilities | 53,702,656 | 65,837,252 | ||||||
Secured line of credit | 387,367,065 | 388,134,754 | ||||||
Deferred income taxes | 39,149,703 | 38,228,099 | ||||||
Operating lease liabilities, net of current portion | 5,491,313 | 5,723,930 | ||||||
Fair value of swap liability | 666,701 | 410,008 | ||||||
Other liabilities | 490,244 | 593,185 | ||||||
Total liabilities | 486,867,682 | 498,927,228 | ||||||
Contingencies and commitments | ||||||||
Shareholders' Equity | ||||||||
Preferred stock | - | - | ||||||
Common stock | 6,550 | 6,524 | ||||||
Additional paid-in capital | 344,646,039 | 344,145,789 | ||||||
Retained earnings | 22,591,911 | 23,147,570 | ||||||
Accumulated other comprehensive loss | 1,630,061 | (2,422,107 | ) | |||||
Total Reservoir Media, Inc. shareholders' equity | 368,874,561 | 364,877,776 | ||||||
Noncontrolling interest | 1,233,940 | 1,322,006 | ||||||
Total shareholders' equity | 370,108,501 | 366,199,782 | ||||||
Total liabilities and shareholders' equity | $ | 856,976,183 | $ | 865,127,010 | ||||
Supplemental Disclosures Regarding Non-GAAP Financial Measures
This press release includes certain financial information, such as OIBDA, OIBDA margin, EBITDA, Adjusted EBITDA, and Net Debt, which has not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). Reservoir's management uses these non-GAAP financial measures to evaluate Reservoir's operations, measure its performance and make strategic decisions. Reservoir believes that the use of these non-GAAP financial measures provides useful information to investors and others in understanding Reservoir's results of operations and trends in the same manner as Reservoir's management and in evaluating Reservoir's financial measures as compared to the financial measures of other similar companies, many of which present similar non-GAAP financial measures. However, these non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by Reservoir's management about which items are excluded or included in determining these non-GAAP financial measures and, therefore, should not be considered as a substitute for net income, operating income or any other operating performance measures calculated in accordance with GAAP. Using such non-GAAP financial measures in isolation to analyze Reservoir's business would have material limitations because the calculations are based on the subjective determination of Reservoir's management regarding the nature and classification of events and circumstances. In addition, although other companies in Reservoir's industry may report measures titled OIBDA, OIBDA margin, Adjusted EBITDA, and Net Debt, or similar measures, such non-GAAP financial measures may be calculated differently from how Reservoir calculates such non-GAAP financial measures, which reduces their overall usefulness as comparative measures. Because of these limitations, such non-GAAP financial measures should be considered alongside other financial performance measures and other financial results presented in accordance with GAAP. You can find the reconciliation of these non‐GAAP financial measures to the nearest comparable GAAP measures in the tables below.
OIBDA
Reservoir evaluates operating performance based on several factors, including its primary financial measure of operating income before non-cash depreciation of tangible assets and non-cash amortization of intangible assets ("OIBDA"). Reservoir considers OIBDA to be an important indicator of the operational strengths and performance of its businesses and believes this non-GAAP financial measure provides useful information to investors because it removes the significant impact of amortization from Reservoir's results of operations. However, a limitation of the use of OIBDA as a performance measure is that it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues in Reservoir's businesses and other non-operating income (loss). Accordingly, OIBDA should be considered in addition to, not as a substitute for, operating income, net income attributable to us and other measures of financial performance reported in accordance with GAAP. In addition, our definition of OIBDA may differ from similarly titled measures used by other companies. OIBDA Margin is defined as OIBDA as a percentage of revenue.
EBITDA and Adjusted EBITDA
EBITDA is defined as earnings (net income or loss) before net interest expense, income tax (benefit) expense, non-cash depreciation of tangible assets and non-cash amortization of intangible assets and is used by management to measure operating performance of the business. Adjusted EBITDA, in addition to adjusting net income to exclude income tax expense, interest expense and depreciation and amortization, further adjusts net income by excluding items or expenses such as, among others, (1) any non-cash charges (including any impairment charges and loss on early extinguishment of debt and to write-down an equity investment to its estimated fair value), (2) any net gain or loss on foreign exchange, (3) any net gain or loss resulting from interest rate swaps, (4) equity-based compensation expense and (5) certain unusual or non-recurring items.
Adjusted EBITDA is a key measure used by Reservoir's management to understand and evaluate operating performance, generate future operating plans, and make strategic decisions regarding the allocation of capital. However, certain limitations on the use of Adjusted EBITDA include, among others, (1) it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenue for Reservoir's business, (2) it does not reflect the significant interest expense or cash requirements necessary to service interest or principal payments on Reservoir's indebtedness and (3) it does not reflect every cash expenditure, future requirements for capital expenditures or contractual commitments. In particular, Adjusted EBITDA measure adds back certain non-cash, unusual or non-recurring charges that are deducted in calculating net income; however, these are expenses that may recur, vary greatly and are difficult to predict. In addition, Adjusted EBITDA is not the same as net income or cash flow provided by operating activities as those terms are defined by GAAP and does not necessarily indicate whether cash flows will be sufficient to fund cash needs.
Net Debt
Reservoir defines Net Debt as total debt, less cash and equivalents and deferred financing costs.
Reservoir Media, Inc. and Subsidiaries
Reconciliation of Operating Income to OIBDA
Three Months Ended June 30, 2025 versus June 30, 2024
(Unaudited)
(Dollars in thousands)
For the Three Months Ended June 30, | ||||||||
2025 | 2024 | |||||||
Revenues | $ | 37,164 | $ | 34,317 | ||||
Cost of revenue | 13,193 | 13,281 | ||||||
Administration expenses | 11,211 | 9,689 | ||||||
OIBDA | 12,760 | 11,346 | ||||||
Amortization and depreciation | 7,314 | 6,385 | ||||||
Operating income | $ | 5,447 | $ | 4,962 | ||||
Reservoir Media, Inc. and Subsidiaries
Music Publishing Segment OIBDA
Three Months Ended June 30, 2025 versus June 30, 2024
(Unaudited)
(Dollars in thousands)
For the Three Months Ended June 30, | ||||||||
2025 | 2024 | |||||||
Revenues | $ | 24,933 | $ | 24,000 | ||||
Cost of revenue | 10,437 | 10,635 | ||||||
Administration expenses | 6,933 | 6,581 | ||||||
OIBDA | $ | 7,564 | $ | 6,784 | ||||
Reservoir Media, Inc. and Subsidiaries
Recorded Music Segment OIBDA
Three Months Ended June 30, 2025 versus June 30, 2024
(Unaudited)
(Dollars in thousands)
For the Three Months Ended June 30, | ||||||||
2025 | 2024 | |||||||
Revenues | $ | 10,444 | $ | 9,631 | ||||
Cost of revenue | 2,756 | 2,646 | ||||||
Administration expenses | 2,834 | 2,534 | ||||||
OIBDA | $ | 4,854 | $ | 4,451 | ||||
Reservoir Media, Inc. and Subsidiaries
Reconciliation of Net Loss to Adjusted EBITDA
Three Months Ended June 30, 2025 versus June 30, 2024
(Unaudited)
(Dollars in thousands)
For the Three Months Ended June 30, | ||||||||
2025 | 2024 | |||||||
Net Loss | $ | (644 | ) | $ | (453 | ) | ||
Income Tax Benefit | (271 | ) | (294 | ) | ||||
Interest Expense | 6,296 | 5,059 | ||||||
Amortization and Depreciation | 7,314 | 6,385 | ||||||
EBITDA | 12,695 | 10,697 | ||||||
(Gain) loss on Foreign Exchange(a) | (1,095 | ) | 59 | |||||
Loss on Fair Value of Swaps(b) | 997 | 490 | ||||||
Non-cash Share-based Compensation(c) | 1,134 | 1,274 | ||||||
Other (Income) Expense, Net(d) | 164 | 100 | ||||||
Adjusted EBITDA | $ | 13,895 | $ | 12,620 | ||||
(a) | Reflects the (gain) or loss on foreign exchange fluctuations. | |
(b) | Reflects the non-cash loss on the mark-to-market of interest rate swaps. | |
(c) | Reflects non-cash share-based compensation expense related to the Reservoir Media, Inc. 2021 Omnibus Incentive Plan. | |
(d) | Reflects Reservoir's share of losses recorded by equity method investments. |
Media Contact
Reservoir Media, Inc.
Suzy Arrabito
Vice President, Marketing & Communications
sa@reservoir-media.com
www.reservoir-media.com
Investor Contact
Alpha IR Group
Jackie Marcus or Nathan Skown
RSVR@alpha-ir.com
SOURCE: Reservoir Media, Inc.
View the original press release on ACCESS Newswire
FAQ
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