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Reservoir Media Revenue Up 19% as Company Raises Guidance for Full-Year Results

Reservoir Media earnings showed revenue was up 19% in Q3 as the company raised its guidance for the full year. Overall revenue increased 19%.

Gains in recorded music and improved digital royalties helped Reservoir Media ’s revenue increase 19% to $35.5 million in the fiscal third quarter ended Dec. 31, the company announced Wednesday (Feb. 7). The results “demonstrate our ability to manage the business and deploy capital to further grow our portfolio,” CEO Golnar Khosrowshahi said during Wednesday’s earnings call. The quarter was also helped by Reservoir Media’s numerous signings and acquisitions, including Theo Katzman, the founding member of Vulfpeck and a collaborator with such artists as Carly Rae Jepsen and Teddy Geiger.

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