Financial Data and Key Metrics Changes - Revenue for the third fiscal quarter was $45.6 million, a 5% year-over-year improvement on an organic basis and an 8% increase when including acquisitions [13][14] - Net income for the third fiscal quarter was approximately $2.2 million compared to net income of $5.3 million in the prior year, primarily driven by a loss on fair value of swaps and increased interest expense [15] - Earnings per share for the quarter were $0.03 compared to $0.08 in the year-ago quarter [15] Business Line Data and Key Metrics Changes - Music publishing revenue increased 12% year-over-year to $30.1 million, driven by strong performance revenue and digital revenue growth [16] - Recorded music revenue increased by 8% year-over-year to $12.9 million, benefiting from digital revenue growth and acquisitions [16] Market Data and Key Metrics Changes - The global value of music copyright reached an all-time high of $47.2 billion for the year prior, indicating sustained growth in the global music economy [11] - Streaming services continue to experience price increases, serving as additional tailwinds for industry growth [12] Company Strategy and Development Direction - The company is focused on deepening relationships with top-tier talent, investing in emerging markets, and expanding its portfolio through acquisitions [5][10] - The strategy includes acquiring catalogs in emerging markets where favorable multiples can be achieved, while also maintaining a strong presence in established markets [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued M&A activity and maintaining favorable acquisition multiples [22][23] - There are both tailwinds and headwinds anticipated in the music industry, with subscription increases and emerging market expansion being positive factors [33] Other Important Information - The company announced the acquisition of the publishing and recorded music rights of Bertie Higgins and the Miles Davis catalog, enhancing its portfolio [7][8] - New partnerships were formed with music icons Gladys Knight and T.I., further diversifying the company's offerings [9] Q&A Session Summary Question: Outlook for fourth quarter deal activity - Management expects continued M&A activity at the same elevated pace as the previous quarters [22] Question: Changes in acquisition multiples - Management confirmed that there has not been a material change in the weighted average multiples paid historically [23] Question: Comments on activist investors - Management did not provide additional information regarding discussions with activist investors, focusing instead on business growth [25] Question: Fourth quarter revenue expectations - Management indicated that there are no unusual one-time events expected in Q4, contrasting with prior year royalty recoveries [29] Question: Trends in G&A expenses - G&A expenses are influenced by revenue fluctuations in the management business, with normal inflationary pressures expected [30] Question: ROI differences between international and domestic deals - Management noted that more favorable multiples can be acquired in emerging markets, which may influence future deal strategies [31] Question: Macro-level price increases and royalty agreements - Management acknowledged both tailwinds and headwinds in the industry, with subscription increases and market expansion being positive factors [33]

Eli Lilly and Company (NYSE:LLY) Q4 2025 Earnings call February 04, 2026 10:00 AM ET Company ParticipantsAdrienne Brown - President of Lilly ImmunologyDan Skovronsky - Chief Scientific and Product OfficerDave Ricks - Chair and CEOIlya Yuffa - President of Lilly USA and Global Customer CapabilitiesKen Custer - President of Lilly Cardiometabolic HealthLucas Montarce - CFOMike Czapar - SVP of Investor RelationsPatrik Jonsson - President of Lilly InternationalConference Call ParticipantsAsad Haider - Stock Anal ...

Eli Lilly and Company (NYSE:LLY) Q4 2025 Earnings call February 04, 2026 10:00 AM ET Company ParticipantsAdrienne Brown - President of Lilly ImmunologyAkash Tewari - Global Head of Biopharmaceutical ResearchDan Skovronsky - Chief Scientific and Product OfficerDave Ricks - Chair and CEOEvan Seigerman - Managing Director and Head of Healthcare ResearchIlya Yuffa - President of Lilly USA and Global Customer CapabilitiesKen Custer - President of Lilly Cardiometabolic HealthLucas Montarce - CFOMichael Yee - Glob ...

KKR Real Estate Finance Trust (NYSE:KREF) Q4 2025 Earnings call February 04, 2026 10:00 AM ET Company ParticipantsJack Switala - Head of Investor RelationsMatt Salem - CEOPatrick Mattson - President and COOThomas Catherwood - Managing DirectorConference Call ParticipantsChristopher Muller - AnalystGabriel Poggi - AnalystJade Rahmani - AnalystRichard Shane - AnalystOperatorGood morning and welcome to the KKR Real Estate Finance Trust Incorporated 4th Quarter 2025 Financial Results Conference Call. All partic ...

Financial Data and Key Metrics Changes - The total shares present at the meeting were over 80 million, representing more than 50% of the company's outstanding common stock [2][3] - All nominees for election to the board of directors received a majority vote, indicating strong shareholder support [8] Business Line Data and Key Metrics Changes - The proposals for amendments to the company's articles of incorporation were approved by more than two-thirds of the outstanding shares entitled to vote, reflecting a consensus on governance changes [9] Market Data and Key Metrics Changes - No specific market data or key metrics were discussed in the provided content Company Strategy and Development Direction - The company is focused on governance improvements, as evidenced by multiple proposals to amend articles of incorporation, including increasing the number of authorized shares and clarifying indemnification provisions [5][9] Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook in the provided content Other Important Information - The independent auditor for the meeting was Ernst & Young, indicating a commitment to transparency and accountability [4] - The meeting included a non-binding advisory vote on executive compensation, known as Say-on-Pay, which was approved by a majority [8] Q&A Session Summary - No shareholder questions were submitted prior to the meeting, and therefore no Q&A session occurred [1]

The Hanover Insurance Group (NYSE:THG) Q4 2025 Earnings call February 04, 2026 10:00 AM ET Company ParticipantsBryan Salvatore - President of Specialty LinesDick Lavey - COO and President of Agency MarketsJack Roche - President and CEOJeff Farber - CFOMeyer Shields - MDOksana Lukasheva - Head of Investor RelationsConference Call ParticipantsDaniel Lee - AnalystMichael Phillips - MD and Senior AnalystMike Zaremski - MD and Senior Equity Research AnalystPaul Newsome - MD and Senior Research AnalystRoland Meye ...

Old Dominion Freight Line (NasdaqGS:ODFL) Q4 2025 Earnings call February 04, 2026 10:00 AM ET Company ParticipantsAdam Satterfield - CFOJack Atkins - Director of Investor RelationsMarty Freeman - President and CEOConference Call ParticipantsAri Rosa - Senior AnalystBrian Ossenbeck - AnalystBruce Chan - AnalystChris Wetherbee - AnalystChristopher Kuhn - Senior AnalystEric Morgan - AnalystJason Seidl - AnalystJeff Kauffman - AnalystJonathan Chappell - AnalystJordan Alliger - AnalystKen Hoexter - AnalystRavi S ...

Old Dominion Freight Line (NasdaqGS:ODFL) Q4 2025 Earnings call February 04, 2026 10:00 AM ET Company ParticipantsAdam Satterfield - CFOJack Atkins - Director of Investor RelationsMarty Freeman - President and CEOConference Call ParticipantsAri Rosa - Senior AnalystBrian Ossenbeck - AnalystBruce Chan - AnalystChris Wetherbee - AnalystChristopher Kuhn - Senior AnalystEric Morgan - AnalystJason Seidl - AnalystJeff Kauffman - AnalystJonathan Chappell - AnalystJordan Alliger - AnalystKen Hoexter - AnalystRavi S ...

Brookfield Asset Management (NYSE:BAM) Q4 2025 Earnings call February 04, 2026 10:00 AM ET Speaker4Welcome to the Brookfield Asset Management fourth quarter 2025 earnings call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during this session, you'll need to press star one one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please pr ...

Reservoir Media (NasdaqGM:RSVR) Q3 2026 Earnings call February 04, 2026 10:00 AM ET Speaker0Greetings and welcome to the Reservoir Media's third quarter fiscal year 2026 earnings conference call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleas ...