Reservoir Media reports Q1 EPS (1c), consensus 3c

Reports Q1 revenue $34.3M, consensus $33.92M. “Our results in the first fiscal quarter reflect a continuation of our proven track record of financial outperformance in the three years since we became a publicly traded company. We have had year-over-year revenue growth every quarter since our listing, and we have raised guidance over the course of each fiscal year.” said Golnar Khosrowshahi, Founder and Chief Executive Officer of Reservoir Media. “The music industry has enjoyed an unprecedented return to growth, which experts predict will continue for the next decade. We are excited to be part of that momentum as our creators shape the music landscape with their chart-topping collaborations across genres and markets. We are well-positioned to capture additional organic growth, while continuing to pursue accretive opportunities.”