Reservoir Media Q3 revenue up 19% YoY, raises FY2024 guidance

Reservoir Media, Inc.

2024-Q3 EPS reported -$0.03 revenue$105,710,058

Q3 FY24 revenue $35.5M (+19% YoY, 14% organic); operating income $6.5M.
Music Publishing revenue $23.1M (+15%), Recorded Music $10.0M (+32%).
Adjusted EBITDA $13.7M (+25% YoY); net loss improved to ($2.9M) from ($4.1M).
Raised FY2024 guidance: revenue $140M-$142M, Adj EBITDA $53M-$55M.
Announced deals with artist Theo Katzman and Nancy Ajram catalog via PopArabia.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Reservoir Media, Inc. reported third fiscal quarter of 2024 ended December 31, 2023 results: revenue $35.5 million, net income ($2.9) million, or ($0.05) per share, EPS ($0.05) per share. Guidance raised.

Period: third fiscal quarter of 2024 ended December 31, 2023
Revenue: $35.5 million
Net income: ($2.9) million, or ($0.05) per share
EPS: ($0.05) per share
Guidance: raised
Result: reported results

Exact text from the filing

an award-winning independent music company, today announced financial results for the third fiscal quarter of 2024 ended December 31, 2023. Recent Highlights: · Revenue of $35.5 million, increased 14% organically, or 19% including acquisitions year-over-year o Music Publishing revenue rose 15% year-over-year o Recorded Music revenue increased by 32%

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Source: SEC EDGAR

accession 0001104659-24-011387

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