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Reservoir Media, Inc. - RSVR STOCK NEWS

Welcome to our dedicated page for Reservoir Media news (Ticker: RSVR), a resource for investors and traders seeking the latest updates and insights on Reservoir Media stock.

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.

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Reservoir Media, Inc. announces CFO's participation in a webcasted fireside chat and one-on-one investor meetings. Investors can access the live webcast and replay on the company's website.
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Reservoir Media, Inc. (RSVR) announced a 14% increase in organic revenue, reaching $35.5 million for the third fiscal quarter of 2024. The company also raised its full-year revenue outlook for fiscal 2024 to $140-142 million, representing a 15% growth. The net loss decreased to ($2.9) million, or ($0.05) per share, compared to ($4.1) million, or ($0.07) per share in the prior year period. The increase in operating income, OIBDA, and adjusted EBITDA reflects the company's strong financial performance, with a focus on music publishing and recorded music revenue growth, and expansion in the Middle East market. The company's cash and cash equivalents stood at $19.5 million, with total available liquidity of $121.7 million.
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Reservoir Media, Inc. (RSVR) will release its financial results for the third fiscal quarter ended December 31, 2023, on February 7, 2024. The company will host a conference call to discuss the results at 10 a.m. EST on the same day. Interested parties can access the live audio webcast and archived version on Reservoir's Investor Relations website. Participants may register for the conference call and receive a dial-in number and PIN.
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Reservoir Media, Inc. (NASDAQ: RSVR) reported a 15% increase in total revenue to $38.4 million for the second fiscal quarter of 2024. Music Publishing revenue grew by 8%, while Recorded Music revenue increased by 22%. The company raised its fiscal 2024 revenue and Adjusted EBITDA guidance to $133M - $137M and $50M - $52M, respectively.
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Reservoir Media, Inc. will release financial results for the second fiscal quarter on November 7, 2023. A conference call will be held to discuss the results.
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RSVR: Reservoir Media, Inc. Releases Fiscal 2023 ESG Report Detailing Global Objectives and Progress. Golnar Khosrowshahi, Founder and CEO, emphasizes the company's commitment to ESG principles, environmental impact, social responsibility, diversity, and governance. Key highlights include a focus on combatting climate change, electronic royalty distributions, gender equality in the workforce, and experienced leadership on the Board.
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FAQ

What is the current stock price of Reservoir Media (RSVR)?

The current stock price of Reservoir Media (RSVR) is $8.72 as of November 15, 2024.

What is the market cap of Reservoir Media (RSVR)?

The market cap of Reservoir Media (RSVR) is approximately 572.0M.

What is Reservoir Media, Inc.?

Reservoir Media, Inc. is an independent music publisher based in New York City, known for its diverse and hit-driven catalog.

When was Reservoir Media founded?

Reservoir Media was founded in 2007 as a family business.

What are the main business segments of Reservoir Media?

The main business segments of Reservoir Media are Music Publishing and Recorded Music.

Where are Reservoir Media's offices located?

Reservoir Media has offices in New York City, Los Angeles, Toronto, and London.

Which artists are part of Reservoir Media's catalog?

Reservoir Media's catalog includes works by artists such as Billy Strayhorn, Bobby Pickett, David Crosby, Ariana Grande, Drake, Lady Gaga, and many others.

What recent financial performance has Reservoir Media shown?

Reservoir Media has shown strong financial performance, with a 31% top-line growth driven by its digital segments.

Who is the CEO of Reservoir Media?

The CEO of Reservoir Media is Golnar Khosrowshahi.

What recent initiatives has Reservoir Media undertaken?

Reservoir Media has undertaken initiatives to support inclusion, accountability, and combat climate change.

How does Reservoir Media generate most of its revenue?

Reservoir Media generates most of its revenue from the Music Publishing segment.

What is the significance of Reservoir Media's catalog?

Reservoir Media's catalog is significant due to its diversity and inclusion of multiple #1 hits across various genres.

Reservoir Media, Inc.

Nasdaq:RSVR

RSVR Rankings

RSVR Stock Data

572.00M
65.22M
47.54%
45.81%
1.87%
Entertainment
Services-amusement & Recreation Services
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United States of America
NEW YORK