RSVR - Reservoir Media GAAP EPS of $0.07 beats by $0.03 revenue of $33.3M beats by $3.52M
- Reservoir Media press release ( NASDAQ: RSVR ): Q2 GAAP EPS of $0.07 beats by $0.03 .
- Revenue of $33.3M (+9.4% Y/Y) beats by $3.52M .
- Operating Income of $6.6 million, decreased 15% year-over-year, driven by higher administrative costs and higher amortization on Acquired assets
- OIBDA (“Operating Income Before Depreciation & Amortization”) of $12.0 million, a decrease of 5% year-over-year, as a result of higher administrative costs
- Net Income of $4.5 million increased 3% year-over-year
- Fiscal 2023 Outlook-Revenue $118M-$122M vs $119.39M Consensus
- Adjusted EBITDA $45M-$47M.
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Reservoir Media GAAP EPS of $0.07 beats by $0.03, revenue of $33.3M beats by $3.52M