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Stock impact report

Reservoir Media Announces Third Quarter Fiscal 2024 Results [Yahoo! Finance]

Reservoir Media, Inc.. (RSVR) 
Company Research Source: Yahoo! Finance
NEW YORK, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), 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 Music Publishing revenue rose 15% year-over-year Recorded Music revenue increased by 32% year-over-year Operating Income of $6.5 million, increased by $1.9 million year-over-year OIBDA (“Operating Income Before Depreciation & Amortization”) of $12.9 million, an increase of 27% year-over-year Net Loss of ($2.9) million, or ($0.05) per share, versus ($4.1) million, or ($0.07) per share in the prior year period Adjusted EBITDA of $13.7 million, up 25% year-over-year Announced publishing deals including a deal with songwriter, producer, singer, and multi-instrumentalist Theo Katzman and the co-signing of Au Show less Read more
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