Press Clipping
10/30/2024
Article
Reservoir Media Revenue Up 6% on Digital, Sync Gains

Reservoir Media raised its outlook for the coming year and delivered mid-single-digit growth thanks to strong gains in digital and synchronization revenues.

The New York-based company’s revenue increased 6% to $40.7 million in the fiscal second quarter ended Sept. 30, the company announced Wednesday (organic growth that excludes the impact of acquisitions was 5%). Adjusted earnings before interest, taxes, depreciation and amortization climbed 11% to $17.6 million.