Reservoir Media Q1 FY2024 revenue up 31% to $31.8M; Adj. EBITDA +36% to $10.1M

Reservoir Media, Inc.

Revenue $31.8M, up 31% YoY (21% organic); Music Publishing +26%, Recorded Music +37%.
Adjusted EBITDA $10.1M, up 36% YoY; Operating Income $3.1M; Net Income $0.2M ($0.00 EPS).
Maintains FY2024 guidance: Revenue $127M-$132M, Adj. EBITDA $49M-$52M (mid-point growth 6% and 9%).
Music Publishing OIBDA margin expanded to 27% from 23%; Recorded Music margin declined to 34% from 39% on physical mix.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Reservoir Media, Inc. reported first fiscal quarter of 2024 ended June 30, 2023 results: revenue Revenue of $31.8 million, net income Net Income of $0.2 million, EPS $0.00 per share.

Period: first fiscal quarter of 2024 ended June 30, 2023
Revenue: Revenue of $31.8 million
Net income: Net Income of $0.2 million
EPS: $0.00 per share
Result: reported results

Exact text from the filing

an award-winning independent music company, today announced financial results for the first fiscal quarter of 2024 ended June 30, 2023. Recent Highlights: · Revenue of $31.8 million, increased 21% organically, or 31% including acquisitions year-over-year o Music Publishing revenue rose 26% year-over-year o Recorded Music revenue increased by 37%

View on SEC.gov

310 earnings releases filed in the last 30 days. Browse all earnings releases →

Reservoir Media, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-086593

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.