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Reservoir Media Announces Third Quarter Fiscal 2025 Results

1. Reservoir Media's revenue grew 19% due to acquisitions and strong margins. 2. Net income turned positive at $5.3 million, boosting fiscal outlook for 2025.

Earnings
+2.84%Current Return
VS
+0.57%S&P 500
$8.1302/05 07:04 AM EDTEvent Start
$8.361202/06 01:55 PM EDTLatest Updated
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FAQ

Why Very Bullish?

Solid revenue growth and positive net income may attract investors, similar to past strong earnings reports enhancing stock value.

How important is it?

The strong financial performance and positive outlook significantly influence investor confidence and market perception of RSVR.

Why Long Term?

Sustained revenue and profit growth indicate long-term stability and growth potential, echoing patterns observed in previously successful firms.

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RSVR
Strong Results in Both Segments Grew Total Revenue by 19% Including Acquisitions Key Catalog Additions and Disciplined Cost Controls Drive Margin Growth Raises Fiscal 2025 Financial Outlook NEW YORK, NY / ACCESS Newswire / February 5, 2025 / Reservoir Media, Inc. (NASDAQ:RSVR) ("Reservoir" or the "Company"), an award-winning independent music company, today announced financial results for the third quarter of fiscal 2025 ended December 31, 2024. Recent Highlights: Revenue of $42.3 million, increased 16% organically, or 19% including acquisitions year-over-year Music Publishing revenue rose 16% year-over-year Recorded Music revenue rose by 20% year-over-year Operating Income of $9.6 million, increased by $3.0 million year-over-year OIBDA ("Operating Income Before Depreciation & Amortization") of $16.3 million, an increase of 26% year-over-year Net Income of $5.3 million, or $0.08 per share, compared to a net loss of ($2.9) million, or ($0.05) per share Adjusted EBITDA of $17.3 million, up 26% year-over-year Acquired the publishing catalog of Lastrada Entertainment, which includes multiple chart-topping and Grammy Award-winning titles from the 1960s to today Expanded relationship with producer and songwriter Serban Cazan to continue representing his entire catalog and future works, including record-breaking hit collaboration "Mantra" by Jennie Signed publishing catalog deal with composer Lebohang Morake, professionally known as Lebo M, who is best known for his work on The Lion King franchise Management Commentary: "Our third fiscal quarter marks another strong period of growth across both the top and bottom lines of our business.

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