Reservoir Q3 revenue $42.3M (+19% YoY); raises FY2025 outlook to $155-158M revenue

Reservoir Media, Inc.

2025-Q3 EPS reported $0.08 vs consensus $0.04 ▲ beat (+82.2%)

Net income $5.3M ($0.08/share) vs net loss ($2.9M) a year ago; Adjusted EBITDA $17.3M (+26% YoY).
Music Publishing revenue $26.9M (+16%); Recorded Music revenue $12.0M (+20%), both segments up.
Raises FY2025 guidance: revenue $155M-$158M (midpoint +8%), Adj. EBITDA $61.5M-$64.5M (+13% at midpoint).
Cash $17.8M with $74.2M revolver availability; total liquidity $92.0M; net debt $354.0M.

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