Reservoir Media sees 2024 revenue $140M-$142M, consensus $135.66M

Sees adjusted EBITDA $53M-$55M. Jim Heindlmeyer, Chief Financial Officer of Reservoir, commented, “Our third quarter was hallmarked by strong top-line growth and adjusted EBITDA margin expansion as we capitalized on the secular tailwinds in the music industry and our efficient operating model. We are raising our guidance ranges for both revenue and adjusted EBITDA for the 2024 fiscal year to incorporate our strong third quarter performance.”