Thank Golnar, everyone. you, morning, and good
quarter serve economic Our broader the quarter our continues of achieved headwinds. public model we facing top of our becoming artists. as despite We for third the business results consecutive roster opportunities quarter particularly team extract the financial marketplace line better with fiscal to demonstrate find value to our from since as were pleased to this our durability growth growth double-digit organic sixth
our basis. improved the quarter profile absolute EBITDA mentioned, Golnar expanded as on adjusted a both well during margin dollar and we basis margin OIBDA on as As an as
the and did we're I'll with bottom during elevated operating our top we in While continued quarter, through on the to margins, line walk which the momentarily. costs line strength pressure due experience happy
on quarter, further her activity, our and which As deals on in to development the that remarks, it executed relates portfolio. during of diversify business Golnar some we touched many insulate
Now quarter that from revenue, was XX% million Of revenue turning growth, to inclusive increase acquisitions. line of In $XX.X Publishing financials. a in of recorded primary The year-over-year third XXXX, represented our was top increase third organic. X% of segment. our fiscal fiscal XX% we quarter, of the the the Music the which driver
primarily a due and it's versus significant to portion resurgence smaller segmentation, was touring note also the saw in business year. last like to While of performances I'd management strong our with that same which live quarter, the period increase the revenue merchandise during revenue a our
operating expenses. at Looking
fiscal revenue X% from Our third increased overall of XXXX. quarter cost of the
XX% by lesser by increases the administrative continued year-over-year management segment. to increased our mainly Additionally, our acquisitions. our expenses year, amortization and, costs related extent, the depreciation Company increases Publishing catalog administration increased a due Music to and business driven prior in expenses growing in to from
Despite in OIBDA report period, elevated for to adjusted able operating both we significant and costs growth were the EBITDA.
adjusted third third fiscal to the $XX.X the For grew to while compared OIBDA EBITDA $XX.X million, XXXX. both XX% to of quarter, XX% million, increased quarter
have by the before, this fact said revenues into public term. continue and as time generally built expect that to our outpaced costs business we the is further and over a operating As our operating during company, long the demonstrated inherent leverage we is
a the for $X.X last the Our same acquiring in to The year. approximately debt was and million $X.X result LIBOR. of interest in increase higher expense an was quarter to related assets compared increase period million
credit quarter of the in share estimated at to third diluted during loss The higher on for that related the was the for This the noncash to to due liabilities tax $X.XX our on become resulted tax fiscal we extinguishment loss loss a of quarter to in will per due April had impact of amended of of effective expense debt XXXX per to onetime fiscal quarter third earnings primarily share related $X.XX noncash compared the a Net early also XXXX. XXXX. in U.K. came onetime million. for deferred quarter loss $X.X tax facility, the rate
count Lastly, diluted XX.X is outstanding our million. average weighted share
the segment Turning breakdown to our for quarter.
$XX.X the was year by generated in revenue and first. Digital, quarter, Let's look revenue at was streams. Publishing fiscal XX% a time Performance million improvement Sync third and Music last our from Music which driven Publishing this of largely
and year-over-year the and revenue Digital recorded XX% and grew $XX.X Performance the Sync XX% respectively. segment, revenue streams half Publishing XX% of Music growth, in top quarter. more to the million than revenue Within line represents
in revenue Music because Expo partially year Dubai last increase offset Publishing revenue The event. to the attributed revenues Music period in included same by was Publishing declines the other
respectively. million Our from of Rights growing XX% Recorded by and in services. recent Recorded grew revenues, improvement a $X.X Digital with came which performance acquisitions grew the during demand XX%, our from Music to and streaming Music quarter Digital X% segment for Strong and moderately Neighboring revenue catalogs
in declines are more the nearly Sync and growth the quarter, offset Physical Neighboring For revenues, Digital the quarter-over-quarter context fluctuations, on in susceptible and to which Rights.
modified diving our which the our revenue to sheet, amended and agreement, strong December, the facility like favorably banking of terms the streams. we that balance of expanded our have value the and our This I'd highlight agreement. that with relationships and Before the shows into in partners recurring we credit predictable
Let's fund at to gives At to roughly revolver, now with $XXX.X million our We $XXX.X capital million. which of quarter total comprised was sheet. balance our facility $XXX.X the million the under strategic move on hand million, quarter us credit of end, cash objectives. and liquidity the $XX our of available closed
financing maintained was total $XXX.X compares of XX, $XXX as net we costs. deferred million, In million at debt quarter which XXXX. million we terms debt. debt, ended of thus, And net of the million net March of That to $XXX.X of $X.X of
which that in the and Lastly, future, our I'd to at to half has debt a rising hedged is like rates year. over attractive of very in limit coming the will exposure our rate, interest outstanding reiterate interest
Moving fiscal outlook to for XXXX. our
and guidance for increasing guidance $XX the guidance This EBITDA growth the both range versus $XXX to XXXX. to million metrics XX% range at full on million of to adjusted to are midpoint $XX We $XXX EBITDA represents and year. fiscal revenue million XX% million on for fiscal our adjusted our revenue
to minute revenue. payments talk effect I on I'd quarterly the and timing to of that has like through Before a close, take the
calls, previous on discussed our March. streams revenue larger quarters a September semiannual basis As in pay many of international the on ending and
and quarter. highest being second been historically our the than and revenue-producing typically result, have third quarters, QX a higher quarters first with our As fourth
process Over in accrual months, been semiannual and to area. we made these for the great sources, XX we've the past have progress improve working this
the of expect quarters significant volatility we payments, timing less related quarterly comps Going we forward, to the but have may in have softer to QX.
that, our in said growth Having numbers. year-over-year strong clear our remains fiscal
about XXXX, progress future remain fiscal the and pleased last focused strategic of we're objectives. excited achieving As quarter we with enter on our for the Reservoir and our
assets, our to potential which full to portfolio guidance. is We in of will year expand considered evaluate our continue acquisitions
quarter, we on margins for position this durable extended a As our credit We and that business improving. are top future and and shown a steadily facility, optimistic are the we healthy in with capital line structure is growing the the have with holds. what newly feel that we remain amended
call that, I'll the to With now Golnar. pass back
