New York-headquartered Reservoir Media has raised its financial outlook after recording another quarter of double-digit revenue growth, despite some headwinds to the music rights company’s bottom line. In an earnings release on Tuesday (November 7), Reservoir reported revenue of USD $38.4 million for its fiscal Q2 2024, which corresponds to the third calendar quarter of 2023, ended September 30.
Source: Reservoir Media’s revenues grew 15% YoY to $38.4m in calendar Q3