Reservoir Media Q1 revenue beats expectations
Overview
Reservoir Media Q1 revenue rises 8% to $37.2 mln, beating analyst expectations
Net loss of $0.6 mln in Q1, missing analyst expectations
Adjusted EBITDA for Q1 increases 10% yr/yr to $13.9 mln
Outlook
Reservoir maintains FY26 revenue guidance of $164 mln to $169 mln
Reservoir expects FY26 adjusted EBITDA of $68 mln to $72 mln
Company focuses on organic growth and creator partnerships in Q2
Reservoir sees strong momentum into second fiscal quarter
Result Drivers
SYNCHRONIZATION LICENSING - Significant upswing in synchronization licensing drove Music Publishing revenue growth
DIGITAL EXPANSION - Recorded Music revenue increase attributed to continued expansion of music streaming services
ACQUISITIONS - Revenue growth supported by acquisition of additional catalogs and strategic partnerships
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $37.16 mln | $36.30 mln (2 Analysts) |
Q1 EPS | -$0.01 | ||
Q1 Net Income | Miss | -$600,000 | $426,500 (2 Analysts) |
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 $13.25, about 41.1% above its August 4 closing price of $7.81
The stock recently traded at 53 times the next 12-month earnings vs. a P/E of 42 three months ago
Press Release:
