NasdaqGM:RSVREntertainment
Reservoir Media (RSVR) Stock Growth Meets Debt Pressure After Q1
Reservoir Media entered this report with a relatively high P/E and a stock that had drifted slightly over the past month. The first look at Q1 numbers did not spark a rally. Shares slipped about 1% to US$10.06 after the release, even though revenue reached about US$41.5 million and adjusted earnings before interest, tax, depreciation and amortization (EBITDA) was US$15.7 million.
The headline is simple: the music catalog story is still growing at the top line, but higher interest costs and a...