Reservoir Media FY23 revenue $122.3M (+13% YoY), net income $2.8M (-79%); guides FY24 rev $127-132M

Reservoir Media, Inc.

FY23 revenue $122.3M, up 13% YoY; Adjusted EBITDA $46.3M, up 12% YoY; net income $2.8M ($0.04/diluted) vs $13.1M prior year.
Q4 revenue $34.8M (flat YoY); Adjusted EBITDA $15.2M (-2% YoY); net income $2.3M ($0.04/diluted) vs $8.9M prior year.
Recorded Music revenue up 18% in FY23; Music Publishing up 9%. Digital streaming drove growth across both segments.
FY24 guidance: revenue $127-132M (+6% at midpoint); Adjusted EBITDA $49-52M (+9% at midpoint).
Cash from operations $31.2M; total liquidity $147.1M; total debt $311.5M (net of deferred financing costs).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Reservoir Media, Inc. reported the fiscal year ended March 31, 2023 results: revenue $122.3 million, net income $2.8 million, EPS $0.04 per diluted share.

Period: the fiscal year ended March 31, 2023
Revenue: $122.3 million
Net income: $2.8 million
EPS: $0.04 per diluted share
Result: reported results

Exact text from the filing

independent music company, today announced financial results for the fourth quarter and full year for fiscal 2023 ended March 31, 2023. Fiscal Year 2023 Highlights: • Revenue of $122.3 million, increased 8% organically, or 13% including acquisitions year-over-year o Music Publishing Revenue increased 9% year-over-year o Recorded Music Revenue increased by 18%

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Source: SEC EDGAR

accession 0001104659-23-066335

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