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Reservoir Media, Inc. (symbol: RSVR) is a leading independent music publisher based in New York City. Founded in 2007 as a family business, Reservoir has grown from a modest collection of hits to a globally recognized boutique publisher. The company now has offices in Los Angeles, Toronto, and London, and boasts over 200 #1 releases worldwide.
Reservoir's diverse catalog spans multiple genres and includes legendary works by artists such as Billy Strayhorn, Bobby Pickett, David Crosby, Gram Parsons, Irving Burgie, John Denver, and Ricky Lee Jones. The company's contemporary-classic catalogs feature Big & Rich, Lil Jon, Phantogram, Sheryl Crow, and Stephen “Static Major” Garrett, among others. Reservoir also represents current hits performed by Ariana Grande, Drake, Lady Gaga, Major Lazer, Meghan Trainor, Tiësto, and several others.
The company's core segments include Music Publishing and Recorded Music, with the Music Publishing segment generating the majority of its revenue. Reservoir is committed to fostering inclusion, accountability, and combating climate change, which are evident in its latest initiatives.
Reservoir Media has demonstrated strong financial performance, with a 31% top-line growth driven by digital performance across its recorded music and music publishing segments. According to CEO Golnar Khosrowshahi, the company's business model and targeted investments have led to consistent double-digit revenue growth. Reservoir focuses on diversifying its roster and catalog, maintaining a presence in emerging markets, and bringing value to its creators and their copyrights.
Reservoir Media (NASDAQ:RSVR) reported strong Q2 fiscal 2025 results with revenue increasing 6% to $40.7 million. Music Publishing revenue grew 10% to $28.6 million, while Recorded Music revenue slightly decreased by 1% to $10.7 million. Operating Income rose significantly to $10.1 million, up 65% year-over-year. The company raised its fiscal 2025 outlook, projecting revenue of $150M-$153M (5% growth) and Adjusted EBITDA of $59M-$62M (9% growth). Notable developments include new publishing deals with Snoop Dogg and k.d. lang, contributing to Reservoir's position in Billboard's Top 10 market share.
Reservoir Media, Inc. (NASDAQ:RSVR) has announced a publishing deal with Grammy and Juno award-winning singer-songwriter k.d. lang. The deal encompasses her future works and partial catalog. Lang, known for her exceptional vocal talents, has garnered numerous accolades throughout her career, including four Grammy awards, eight Juno Awards, and induction into the Canadian Music Hall of Fame.
Lang's musical journey spans from her early days with country-swing band The Reclines to successful solo albums and collaborations with music icons. Her multi-Platinum-selling album Ingénue, featuring hits like "Constant Craving," celebrated its 25th anniversary in 2017 with a global tour.
Expressing excitement about the partnership, lang praised Reservoir's understanding of her as an artist. Reservoir Founder and CEO Golnar Khosrowshahi highlighted the company's commitment to supporting lang's career and expanding her audience reach.
Reservoir Media (NASDAQ:RSVR), an independent music company, has announced the release of its second quarter fiscal 2025 financial results on October 30, 2024, before market open. The company will host a conference call at 10 a.m. Eastern Daylight Time on the same day to discuss the results.
Investors can access the live audio webcast of the discussion through the Events and Presentations section of Reservoir's Investor Relations website. An archived version will also be available later. Interested parties can participate in the call by registering online or dialing +1 201-389-0921 (Toll-free: 877-407-0989). Participants are advised to log in approximately 10 minutes before the call starts.
Reservoir Media (NASDAQ:RSVR) has announced new publishing deals with Snoop Dogg and Death Row Records. The agreements cover domestic publishing for Snoop's entire catalog and future works, as well as the publishing catalog of Death Row Records. Snoop Dogg, a renowned rapper with a career spanning over three decades, has 16 Grammy nominations and has released 19 solo albums. In 2022, Snoop acquired Death Row Records, the label that launched his career. The deal with Reservoir includes rights to hits from Death Row's catalog, such as songs by 2Pac. Snoop expressed excitement about the partnership, while Reservoir executives highlighted the opportunity to support Snoop's legendary catalog and further embed his music across mainstream media.
Reservoir Media (NASDAQ:RSVR) reported Q1 fiscal 2025 results with revenue of $34.3 million, up 8% year-over-year. Music Publishing revenue rose 15% to $24.0 million, while Recorded Music revenue decreased 7% to $9.6 million. The company posted an operating income of $5.0 million, up 58%, and Adjusted EBITDA of $12.6 million, up 25%. However, Reservoir reported a net loss of $0.5 million, or ($0.01) per share, compared to a net income of $0.2 million in the year-ago quarter. The company maintained its fiscal 2025 outlook, projecting revenue between $148M-$152M and Adjusted EBITDA of $58M-$61M.
Reservoir Media (NASDAQ: RSVR) has announced a new publishing deal with acclaimed singer-songwriter Wrabel. The deal covers Wrabel's future works. Wrabel, based in Los Angeles, has co-written songs for various artists and released his own successful music. His collaborations include Platinum-selling and Grammy-nominated tracks. Wrabel's debut album was released in 2021, with a sophomore album following and a third expected in 2025.
Wrabel expressed excitement about joining Reservoir, praising the team and Executive VP Donna Caseine. Caseine highlighted Wrabel's versatility and ability to write meaningful songs and 'infectious earworms' for himself and others. Reservoir aims to bring new opportunities for Wrabel's talents through this partnership.
Reservoir Media (NASDAQ: RSVR) has announced the release date for its first quarter fiscal 2025 financial results. The report, covering the period ended June 30, 2024, will be released before market open on Wednesday, July 31, 2024. Following the release, the company will host a conference call at 10 a.m. Eastern Daylight Time to discuss the results.
Investors and interested parties can access the live audio webcast of the discussion through the Events and Presentations section of Reservoir's Investor Relations website. For those unable to attend live, an archived version will be available on the company's website. Participants can also join the call via phone by registering through the provided link, which will supply a dial-in number and PIN.
Reservoir Media (NASDAQ: RSVR) has announced a new publishing deal with Platinum-selling producer and songwriter Aaron Zuckerman. The deal covers Zuckerman's recent co-write, 'White Claw' by Yung Gravy and Shania Twain, and the majority of Yung Gravy's upcoming album. Zuckerman has an impressive portfolio, including Gold record 'Devil Doesn't Bargain' by Alec Benjamin, Lil Wayne's 'Dreams,' and Bebe Rexha's '2 Souls On Fire' featuring Quavo. He has worked with numerous artists like Liam Payne, MGK, and Travis Barker. Upcoming projects include collaborations with BRELAND and Lovelytheband. Zuckerman expressed excitement about joining Reservoir, emphasizing their shared commitment to exceptional music. Reservoir executives praised Zuckerman's versatility and creative talent.
Reservoir Media (NASDAQ: RSVR) reported strong financial results for Q4 and Fiscal Year 2024, ending March 31, 2024. Annual revenue grew 18% to $144.9 million. Music Publishing Revenue increased by 15%, while Recorded Music Revenue surged 22%. Operating Income reached $24.6 million, a 17% increase. However, Net Income fell sharply to $0.8 million, or $0.01 per diluted share, from $2.8 million last year. Adjusted EBITDA grew by 20% to $55.6 million. Key acquisitions included catalogs of The Spinners and Latin music icon Rudy Perez. The fiscal 2025 outlook predicts mid-single-digit revenue and EBITDA growth.
Reservoir Media (NASDAQ: RSVR), an independent music company, will release its financial results for the fourth quarter and fiscal year 2024 on May 30, 2024, before market open. The fiscal year ended on March 31, 2024.
The company will hold a conference call at 10 a.m. Eastern Daylight Time to discuss these results. The discussion will be accessible via a live audio webcast on the company’s Investor Relations website. An archived version of the webcast will also be available. Interested parties can register for the call to receive a dial-in number and PIN.
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