Reservoir Media sees FY25 revenue $150M-$153M, consensus $150.11M

Sees adjusted EBITDA $59M-$62M. Jim Heindlmeyer, CFO, stated, “Our ability to refine our revenue guidance range is reflective of our confidence in the portfolio of assets created by our Reservoir-associated artists, while internal efforts to control costs and thus expand margins enable our increased Adjusted EBITDA outlook. This continuation of robust cash flows allows us to opportunistically utilize our available debt to identify additional productive deals for the foreseeable future. We see a clear path to achieving our adjusted fiscal year 2025 financial guidance.”