Reservoir Media

Reservoir Media, Inc. provides music publishing services. The company was founded in 2007 and is headquartered in New York, NY.

Earnings data Q1 2022

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Reservoir Media, Inc. provides music publishing services. It operates through the following segments: Music Publishing and Recorded Music. The Music Publishing segment focuses on the identification and development of songwriters to create, market, and promote compositions, as well as licensing and acquisition of rights to musical compositions from content owners. The Recorded Music segment is involved in the identification and development of artists to create, market, and promote recordings. The company was founded by Golnar Khosrowshahi in 2007 and is headquartered in New York, NY.

Reservoir Media, Inc. (RSVR) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to break-even earnings per share a year ago.

Reservoir Media, Inc. (RSVR) Reports Break-Even Earnings for Q3

Robust Demand Across Both Segments Drove 14% Top-Line Organic Revenue Growth Raises Fiscal 2024 Full-Year Top-Line and Profitability Outlook NEW YORK, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced financial results for the third fiscal quarter of 2024 ended December 31, 2023. Recent Highlights: Revenue of $35.5 million, increased 14% organically, or 19% including acquisitions year-over-year Music Publishing revenue rose 15% year-over-year Recorded Music revenue increased by 32% year-over-year Operating Income of $6.5 million, increased by $1.9 million year-over-year OIBDA (“Operating Income Before Depreciation & Amortization”) of $12.9 million, an increase of 27% year-over-year Net Loss of ($2.9) million, or ($0.05) per share, versus ($4.1) million, or ($0.07) per share in the prior year period Adjusted EBITDA of $13.7 million, up 25% year-over-year Announced publishing deals including a deal with songwriter, producer, singer, and multi-instrumentalist Theo Katzman and the co-signing of Australian singer-songwriter grentperez with Mushroom Music Expanded Middle East presence through a joint publishing deal with PopArabia for the catalog and future works of Lebanese star and “Queen of Arab Pop” Nancy Ajram Management Commentary: “Our third quarter results highlight the strength of our business model and our ability to deploy capital to further grow our portfolio.

Reservoir Media Announces Third Quarter Fiscal 2024 Results

NEW YORK , Jan. 25, 2024 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced that it will release financial results for the third fiscal quarter ended December 31, 2023, before market open on Wednesday, February 7, 2024.

Reservoir Media to Release Third Quarter Fiscal Year 2024 Results on February 7, 2024

Reservoir Media, Inc. (NASDAQ:RSVR ) Q2 2024 Results Conference Call November 7, 2023 10:00 AM ET Company Participants Jackie Marcus - Alpha IR Group Golnar Khosrowshahi - Founder and CEO Jim Heindlmeyer - CFO Conference Call Participants Dan Day - B. Riley Securities Richard Baldry - ROTH Capital Alex Fuhrman - Craig-Hallum Capital Group Operator Good morning, everyone, and thank you for participating in today's conference call to discuss Reservoir Media's Financial Results for the second quarter of fiscal year 2024 ended September 30, 2023.

Reservoir Media, Inc. (RSVR) Q2 2024 Earnings Call Transcript

Delivers 15% Revenue Growth on Strength of Recorded Music Raises Fiscal 2024 Full-Year Top-Line and Profitability Guidance NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced financial results for the second fiscal quarter of 2024 ended September 30, 2023. Recent Highlights: Revenue of $38.4 million, increased 10% organically, or 15% including acquisitions year-over-year Music Publishing revenue rose 8% year-over-year Recorded Music revenue increased by 22% year-over-year Operating Income of $6.1 million, decreased by $0.4 million year-over-year OIBDA (“Operating Income Before Depreciation & Amortization”) of $12.4 million, an increase of 3% year-over-year Net Income of $0.7 million, or $0.01 per share, versus $4.5 million, or $0.07 per share in the prior year period Adjusted EBITDA of $15.9 million, up 24% year-over-year Closed numerous publishing deals with high-profile talent including rock legend Joe Walsh, Latin music icon Rudy Perez, and decorated country writer-producer Brent Maher Expanded international portfolio with the addition of RE Media and El Sawareekh, in conjunction with PopArabia Signed songwriting and producing talent to the active creator roster including Steph Jones, Rob Ragosta, Cam Becker, Josh Record, and Wé Ani Management Commentary: “We are pleased with our results in the second quarter as we delivered double-digit revenue and profitability growth while investing in our business by closing numerous deals that diversified and expanded our roster of artists.

Reservoir Media Announces Second Quarter Fiscal 2024 Results

NEW YORK, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced that it will release financial results for the second fiscal quarter ended September 30, 2023, before market open on Tuesday, November 7, 2023.

Reservoir Media to Release Second Quarter Fiscal Year 2024 Results on November 7, 2023

Reservoir Media has impressive revenue growth and a strong portfolio of music rights, positioning it for potential growth in the streaming market. The company has a successful acquisition strategy and a diverse range of business segments, including music publishing and artist management. Market expectations and conservative forecasts suggest that Reservoir Media could see increased M&A deals and a decline in debt levels, leading to potential stock price growth.

Reservoir Media: Streaming And Digital Platforms May Accelerate Sales Growth

Reservoir Media, Inc. (NASDAQ:RSVR ) Q1 2024 Results Conference Call August 2, 2023 10:00 AM ET Company Participants Jackie Marcus - Alpha IR Group Golnar Khosrowshahi - CEO Jim Heindlmeyer - CFO Conference Call Participants Alex Fuhrman - Craig-Hallum Capital Group Richard Baldry - ROTH Dan Day - B. Riley Securities Operator Good morning, everyone, and thank you for participating in today's conference call to discuss Reservoir Media's Financial Results for the First Quarter of Fiscal 2024 ended June 30, 2023.

Reservoir Media, Inc. (RSVR) Q1 2024 Earnings Call Transcript

Reservoir Media, Inc. (RSVR) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to break-even earnings per share a year ago.

Reservoir Media, Inc. (RSVR) Reports Break-Even Earnings for Q1

31% Top-Line Growth Driven by Strong Performance in Digital Across Recorded Music and Music Publishing 31% Top-Line Growth Driven by Strong Performance in Digital Across Recorded Music and Music Publishing

Reservoir Media Announces First Quarter Fiscal 2024 Results

Details Company's Continued Efforts to Support Inclusion, Accountability, Compliance, and Combatting Climate Change Details Company's Continued Efforts to Support Inclusion, Accountability, Compliance, and Combatting Climate Change

Reservoir Media Releases Its Fiscal 2023 ESG Report

NEW YORK, July 19, 2023 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced that it will release financial results for the first fiscal quarter ended June 30, 2023, before market open on Wednesday, August 2, 2023.

Reservoir Media to Release First Quarter Fiscal Year 2024 Results on August 2, 2023

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Reservoir Media, Inc. (RSVR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -9.12% in 4 Weeks, Here's Why You Should You Buy the Dip in Reservoir Media, Inc. (RSVR)

The consensus price target hints at an 86.1% upside potential for Reservoir Media, Inc. (RSVR). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

How Much Upside is Left in Reservoir Media, Inc. (RSVR)? Wall Street Analysts Think 86.05%

Reservoir Media, Inc. (NASDAQ:RSVR ) Q4 2023 Earnings Conference Call May 31, 2023 10:00 AM ET Company Participants Jackie Marcus - Managing Director, Alpha IR Group Golnar Khosrowshahi - Founder and Chief Executive Officer Jim Heindlmeyer - Chief Financial Officer Conference Call Participants Richard Baldry - ROTH MKM Alex Fuhrman - Craig-Hallum Capital Group, LLC Operator Good morning, everyone, and thank you for participating in today's conference call to discuss Reservoir Media's Financial Results for the Fourth Quarter and Fiscal Year 2023 Ended March 31, 2023. At this time, all participants are in a listen-only mode.

Reservoir Media, Inc. (RSVR) Q4 2023 Earnings Call Transcript

Reservoir Media, Inc. (RSVR) came out with quarterly earnings of $0.06 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.07 per share a year ago.

Reservoir Media, Inc. (RSVR) Matches Q4 Earnings Estimates

Delivers 13% Annual Top-Line Growth Driven by Strong Results in Digital, Exceeds Full Fiscal Year Revenue Outlook Issues Fiscal 2024 Outlook, Including 4% to 8% Revenue Growth and 6% to 12% Adjusted EBITDA Growth NEW YORK, May 31, 2023 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced financial results for the fourth quarter and full year for fiscal 2023 ended March 31, 2023. Fiscal Year 2023 Highlights: Revenue of $122.3 million, increased 8% organically, or 13% including acquisitions year-over-year Music Publishing Revenue increased 9% year-over-year Recorded Music Revenue increased by 18% year-over-year Operating Income of $21.1 million, an increase of 9% year-over-year OIBDA (“Operating Income Before Depreciation & Amortization”) of $43.1 million, an increase of 12% year-over-year Net Income $2.8 million, or $0.04 per diluted share, 18 cents below the prior year period inclusive of a non-cash tax expense of $3.6 million and a loss on early extinguishment of debt of $914 thousand Adjusted EBITDA of $46.3 million, up 12% year-over-year Released Grammy-winning trio De La Soul's iconic catalog on streaming platforms for the first time ever Broadened emerging markets portfolio by adding Arab superstar Mohamed Ramadan, Egyptian label 100COPIES, Lebanese music company Voice of Beirut, Indian rappers MC Altaf and D'Evil, and producer Stunnah Beatz Continued to diversify the catalog with the additions of jazz legend Sonny Rollins, swing icon Louis Prima, Rock and Roll Hall of Famers Dion, Phil Manzanera, and Matt Sorum, and multi-Platinum hip-hop producers Marley Marl and Mannie Fresh Fourth Quarter 2023 & Recent Highlights: Revenue of $34.8 million, essentially flat year-over-year Music Publishing Revenue decreased 8% year-over-year Recorded Music Revenue increased by 10% year-over-year Operating Income of $8.6 million, decreased 1% year-over-year OIBDA of $14.4 million, an increase of 3% year-over-year Net Income of $2.3 million, or $0.04 per diluted share, decreased 10 cents below the prior year Adjusted EBITDA of $15.2 million, a decrease of 2% year-over-year Signed multiple publishing deals with contemporary hitmakers including viral rapper Armani White and #1 country songwriter Christian Stalnecker, and reinforced commitment to supporting developing songwriters through a JV with American Idol producer 19 Entertainment Acquired the catalog of trailblazing Latin songwriter Enrique “Kiki” Garcia, marking our first major deal in this genre Management Commentary: “We continue to deliver on our goals and are encouraged by the momentum in our business and the broader music industry over the past fiscal year.

Reservoir Media Announces Fourth Quarter and Fiscal Year 2023 Results

NEW YORK, May 24, 2023 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced that it will attend two upcoming investor conferences.

Reservoir Media, Inc. to Participate in Upcoming Investor Conferences

NEW YORK, May 17, 2023 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced that it will release financial results for the fourth fiscal quarter and fiscal year ended March 31, 2023, before market open on Wednesday, May 31, 2023.

Reservoir Media to Release Fourth Quarter and Fiscal Year 2023 Results on May 31, 2023

NEW YORK, March 09, 2023 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced that Jim Heindlmeyer, Chief Financial Officer, will be hosting a webcasted presentation at 2:00 p.m. Pacific Daylight Time on Monday, March 13, 2023. Investors who wish to access the live conference webcast or a replay should visit the Investor Relations section of the Company's website at https://investors.reservoir-media.com/

Reservoir Media, Inc. to Present at 35th Annual Roth Conference on March 13

Grammy-winning hip-hop trio releases entire back catalog on all streaming services for the first time ever Grammy-winning hip-hop trio releases entire back catalog on all streaming services for the first time ever

Reservoir Celebrates De La Soul's Catalog, Out Now on All Streaming Platforms

Reservoir Media, Inc. (NASDAQ:RSVR ) Q3 2023 Earnings Conference Call February 8, 2023 10:00 AM ET Company Participants Jacqueline Marcus - IR Golnar Khosrowshahi - Founder and CEO Jim Heindlmeyer - CFO Conference Call Participants Richard Baldry - ROTH Dan Day - B. Riley Alex Fuhrman - Craig-Hallum Operator Good morning, everyone, and thank you for participating in today's conference call to discuss Reservoir Media's Financial Results for the Third Quarter of Fiscal Year 2023 ended December 31, 2022.

Reservoir Media, Inc. (RSVR) Q3 2023 Earnings Call Transcript

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Double-Digit Revenue Growth Driven by Continued Strength in Music Publishing

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