Reservoir Media (RSVR) Q2 2025 Earnings Transcript

Image source: The Motley Fool.

Wednesday, October 30, 2024 astatine 10 a.m. ET

• Chief Executive Officer — Golnar Khosrowshahi

• Chief Financial Officer — Jim Heindlmeyer

Need a punctuation from a Motley Fool analyst? Email [email protected]

Golnar Khosrowshahi, Founder and Chief Executive Officer; and Jim Heindlmeyer, Chief Financial Officer. As a reminder, this telephone is being simultaneously webcast and volition beryllium recorded and archived connected the Investor Relations conception of our website. Before I crook the telephone implicit to Golnar and Jim, I'd similar to enactment that today's treatment volition incorporate forward-looking statements that bespeak the existent views of Reservoir Media astir our business, fiscal performance, and aboriginal events, and arsenic such, impact definite risks and uncertainties. Our expectations, beliefs, and projections are expressed successful bully faith, and we judge determination is simply a tenable ground for them. However, determination tin beryllium nary assurance that our expectations, beliefs, and projections volition effect oregon beryllium achieved.

Please notation to our net property merchandise and our filings with the Securities and Exchange Commission for much accusation connected the circumstantial risks, uncertainties, and different factors that could origin our existent results to disagree materially from our expectations, beliefs, and projections described successful today's discussion. Any forward-looking statements that we marque connected this telephone oregon successful our net property merchandise are arsenic of today, and we undertake nary work to update these statements arsenic a effect of caller accusation oregon aboriginal events, but to the grade required by applicable law. In summation to fiscal results presented successful accordance with mostly accepted accounting principles, we program to contiguous during this telephone definite fiscal measures that bash not conform to U.S.

GAAP if we judge they are utile to investors oregon if we judge they volition assistance investors to amended recognize our show oregon concern trends. Reconciliations of these non-GAAP fiscal measures to the nearest comparable GAAP measures are included successful our net property release. I would present similar to crook the telephone implicit to Golnar.

Golnar Khosrowshahi: Thank you, Jackie. Good morning, everyone, and convey you for joining america contiguous to sermon our results for the 2nd 4th of fiscal twelvemonth 2025. In a 4th marked by aggregate header investments to grow our roster, we posted gross of $40.7 million, up 6% compared to the year-ago period, and adjusted EBITDA of $17.6 million, up 11% compared to the year-ago period. Our fiscal results were driven by spot successful our Music Publishing concern with our borderline enlargement and bully outgo subject supporting our wide maturation and profitability. Jim volition sermon our fiscal results successful greater detail. This past quarter, Reservoir achieved respective important milestones, including ushering successful deals with endowment who person defined fashionable civilization for decades.