Reservoir Media Inc (RSVR) Posts Strong Q3 Fiscal 2024 Results with Organic Revenue Growth of 14% [Yahoo! Finance]
Reservoir Media, Inc.. (RSVR)
Company Research
Source: Yahoo! Finance
Operating Income and OIBDA : Operating income surged 42% to $6.5 million, with OIBDA up 27% to $12.9 million. Net Loss Improvement : Net loss narrowed by 30% to $2.9 million compared to the same quarter last year. Segment Performance : Recorded Music revenue grew by 32%, while Music Publishing revenue increased by 15%. Liquidity and Debt : Total available liquidity stood at $121.7 million, with a net debt position of $322.9 million. Adjusted EBITDA : Adjusted EBITDA rose by 25% to $13.7 million, reflecting efficient operations and revenue growth. Warning! GuruFocus has detected 5 Warning Signs with RSVR. On February 7, 2024, Reservoir Media Inc ( NASDAQ:RSVR ), an award-winning independent music company, released its third-quarter fiscal 2024 results, showcasing a robust top-line organic revenue growth of 14%. The company's performance was driven by strong demand across both its Music Publishing and Recorded Music segments. The full details of the financial results can be
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RSVR
News
- Reservoir Media, Inc. to Present at 36th Annual Roth Conference on March 19GlobeNewswire
- Reservoir Media, Inc. (NASDAQ:RSVR) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Reservoir Media, Inc. (RSVR) Reports Break-Even Earnings for Q3 [Yahoo! Finance]Yahoo! Finance
- Reservoir Media Announces Third Quarter Fiscal 2024 Results [Yahoo! Finance]Yahoo! Finance
- Reservoir Media Announces Third Quarter Fiscal 2024 ResultsGlobeNewswire
RSVR
Earnings
- 2/7/24 - Miss
RSVR
Sec Filings
- 4/26/24 - Form SC
- 4/3/24 - Form 4
- 3/4/24 - Form 4
- RSVR's page on the SEC website