The following is a summary of the Reservoir Media, Inc. (RSVR) Q2 2025 Earnings Call Transcript:

Financial Performance:

• Reservoir Media reported Q2 revenue of $40.7 million, an increase of 6% year-over-year.

• Adjusted EBITDA for the quarter was $17.6 million, up 11% from the previous year.

• Net income for Q2 was approximately $200,000, with earnings per share at breakeven.

• The company raised guidance, expecting revenue between $150 million to $153 million and adjusted EBITDA between $59 million to $62 million for the fiscal year.

Business Progress:

• Reservoir achieved significant business milestones by signing deals with Snoop Dogg and acquiring rights associated with other music legends like k.d. lang and Jack Douglas.

• The company also strengthened its position in the country music segment and strategic acquisitions in catalog rights enhanced its diverse music portfolio.

• There is continued investment in areas like synchronization due to the iconic nature of certain songs in their catalog.

Opportunities:

• The company's strategic acquisitions and partnerships, including those with legacy artists and promising new talents, position it well for growth in synchronization and streaming sectors.

• Reservoir's proactive investments in emerging markets like the Middle East and North Africa offer significant growth potential in paying subscribers and broader audience reach.

Risks:

• The net income has shown a slight decline from the previous year due to a loss on the fair value of swaps which may reflect underlying financial market volatility affecting future earnings.

• Revenue from the Recorded Music segment showed a decline, which poses a risk in maintaining overall growth momentum.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.