secwatch.observer — SEC 8-K summary
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Issuer:     Reservoir Media, Inc. (RSVR)
CIK:        0001824403
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001104659-23-012169
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reservoir Media Q3 revenue $29.9M (+16% YoY); raises FY2023 guidance midpoints
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- Revenue $29.9M up 16% YoY (7% organic); Music Publishing +14%, Recorded Music +1%.
- Adjusted EBITDA $10.9M (+24% YoY); OIBDA $10.1M (+33%) on higher revenue and operating leverage.
- Net loss $4.1M ($0.07/share) vs net income $1.4M ($0.02) a year ago; one-time tax and debt extinguishment charges.
- Raised FY2023 outlook: revenue $120-122M (midpoint +12% YoY), Adj. EBITDA $46-47M (+13% YoY).
- Signed publishing deals with Dion, De La Soul digital launch, and amended credit facility for improved terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824403/000110465923012169/0001104659-23-012169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824403/000110465923012169/tm235687d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-012169

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