Reservoir Media Q1 FY25 revenue up 8% to $34.3M; music publishing drives growth

Reservoir Media, Inc.

2024-Q1 EPS reported -$0.01 revenue$34,316,843

Revenue $34.3M (+8% YoY); Music Publishing up 15% to $24.0M, Recorded Music down 7% to $9.6M.
Adjusted EBITDA $12.6M (+25% YoY); OIBDA $11.3M (+23%). Net loss ($0.5M) vs net income $0.2M last year.
FY2025 guidance reaffirmed: Revenue $148M-$152M, Adjusted EBITDA $58M-$61M.
Operating income $5.0M (+58% YoY); cash from operations $8.6M, available liquidity $137.6M.
12th consecutive quarter of YoY revenue growth since 2021 IPO; signed new publishing deals with Wrabel, Zuckerman, Thompson.

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