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Stock impact report

Reservoir Media Announces First Quarter Fiscal 2023 Results

Reservoir Media, Inc.. (RSVR) 
Company Research Source: GlobeNewswire
Delivers 46% top-line growth driven by increases in Digital and Synchronization revenues, as well as strength in Performance revenues Reaffirms full fiscal year revenue and profitability guidance NEW YORK, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced financial results for the first fiscal quarter of 2023 ended June 30, 2022. Recent Highlights: Revenue of $24.3 million, increased 14% organically, or 46% including acquisitions year-over-year Music Publishing revenue rose 35% year-over-yearRecorded Music revenue increased by 80% year-over-year Operating Income of $1.3 million, increased by $1.1 million year-over-yearOIBDA (“Operating Income Before Depreciation & Amortization”) of $6.7 million, an increase of 56%Net Income of $0.0 million, or $0.00 per share, 5 cents above the prior year periodAdjusted EBITDA of $7.4 million, up 73% year-over-yearClosed multiple cata Show less Read more
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