other material
confidence high
sentiment positive
materiality 0.55
Reservoir Media Q1 FY24 revenue $31.8M, Adj. EBITDA $10.1M
Reservoir Media, Inc.
- Q1 FY24 revenue $31.8M vs $24.3M in Q1 FY23; operating income $3.1M vs $1.3M.
- Adjusted EBITDA $10.1M, up from $7.4M year-over-year.
- 150K+ copyrights and 36K master recordings; M&A pipeline >$2.0B with $742M deployed since inception.
- Fiscal year financial summary shows revenue growing from $66M (FY21) to $84M (FY23).
- Secular growth drivers: paid streaming subs CAGR 49% (2010-20), digital CAGR 13%.