Reservoir Media Full-Year Revenue Hits $145M on Acquisitions, Subscription Price Hikes ...Middle East

Subscription gains and a string of acquisitions helped Reservoir Media’s fiscal year revenue grow 18% to $144.9 million, beating the company’s guidance from February of $140 million to $142 million, the company announced Thursday (May 30). Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in the period ended March 31 climbed 20% to $55.6 million, topping guidance of $53 million to $55 million. Organic growth, which strips out the impact of acquisitions made during the year, was 14% for the full year. Among the company’s catalog purchases during the fiscal year were four members of R&B g

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Reservoir Media Full-Year Revenue Hits $145M on Acquisitions, Subscription Price Hikes ...Middle East

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