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Reservoir Media Announces Third Quarter Fiscal 2025 Results

1. Reservoir Media's Q3 revenue rose 19% due to acquisitions and cost controls. 2. Net income switched to profit at $5.3 million, showcasing strong operational performance.

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FAQ

Why Very Bullish?

Strong revenue and profit growth often leads to increased investor confidence, similar to other successful quarters in the industry when companies reported similar growth metrics.

How important is it?

The article highlights significant financial performance, which is crucial for potential investors focusing on growth stocks like RSVR.

Why Long Term?

Sustained revenue growth and acquisitions enhance long-term stability and market position against competitors.

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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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