Reservoir Media reports FY2022 revenue up 34%; issues FY2023 guidance of 10% growth

Reservoir Media, Inc.

Q4 revenue $35.1M (+46% YoY); FY revenue $107.8M (+34% YoY).
FY Adjusted EBITDA $41.3M (+29% YoY); Q4 Adjusted EBITDA $15.4M (+47%).
FY net income $13.1M ($0.22 diluted EPS) vs $9.3M ($0.21) prior year.
Recorded Music revenue surged 126% YoY to $29.5M, driven by Tommy Boy acquisition.
FY2023 guidance: revenue $116-121M and Adjusted EBITDA $44-47M, both up ~10% at midpoint.

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