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Stock impact report

Reservoir Media Announces Fourth Quarter and Fiscal Year 2024 Results [Yahoo! Finance]

Reservoir Media, Inc.. (RSVR) 
Company Research Source: Yahoo! Finance
Fiscal 2025 Financial Outlook Expects Mid-Single Digit Revenue and Adjusted EBITDA Growth at the Mid-Point NEW YORK, May 30, 2024 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced financial results for the fourth quarter and full year for fiscal 2024 ended March 31, 2024. Fiscal Year 2024 Highlights: Revenue of $144.9 million, increased 14% organically, or 18% including acquisitions year-over-year Music Publishing Revenue increased 15% year-over-year Recorded Music Revenue increased by 22% year-over-year Operating Income of $24.6 million, an increase of 17% year-over-year OIBDA (“Operating Income Before Depreciation & Amortization”) of $49.6 million, an increase of 15% year-over-year Net Income $0.8 million, or $0.01 per diluted share, 3 cents below the prior year period Adjusted EBITDA of $55.6 million, up 20% year-over-year Executed publishing deals with rock legen Show less Read more
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