3 weeks ago - zacks.com

Reservoir Media (RSVR) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

3 weeks ago - zacks.com

Reservoir Media (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.

3 weeks ago - zacks.com

Disney, Paramount and Reservoir Media have been highlighted in this Industry Outlook article.

4 weeks ago - zacks.com

Zacks Media Conglomerates industry players like Disney (DIS), Paramount Global (PARA) and Reservoir Media (RSVR) are gaining from the rising demand for high-speed Internet and increased media consumption.

1 month ago - seekingalpha.com

Reservoir Media, Inc. (NASDAQ:RSVR ) Q4 2024 Earnings Conference Call May 30, 2024 10:00 AM ET Company Participants Jackie Marcus - Investor Relations, Alpha IR Group Golnar Khosrowshahi - Chief Executive Officer Jim Heindlmeyer - Chief Financial Officer Conference Call Participants Griffin Boss - B. Riley Securities Richard Baldry - ROTH Capital 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 2024 ended March 31, 2024.

1 month ago - zacks.com

Reservoir Media, Inc. (RSVR) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.06 per share a year ago.

1 month ago - globenewswire.com

Double-Digit Annual Revenue Growth in Both Segments, Surpassing Full Year Outlook Acquired Publishing & Recorded Rights of Legendary Artists and Emerging Talent Across Genres Fiscal 2025 Financial Outlook Expects Mid-Single Digit Revenue and Adjusted EBITDA Growth at the Mid-Point NEW YORK, May 30, 2024 (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 2024 ended March 31, 2024. Fiscal Year 2024 Highlights: Revenue of $144.9 million, increased 14% organically, or 18% including acquisitions year-over-year Music Publishing Revenue increased 15% year-over-year Recorded Music Revenue increased by 22% year-over-year Operating Income of $24.6 million, an increase of 17% year-over-year OIBDA (“Operating Income Before Depreciation & Amortization”) of $49.6 million, an increase of 15% year-over-year Net Income $0.8 million, or $0.01 per diluted share, 3 cents below the prior year period Adjusted EBITDA of $55.6 million, up 20% year-over-year Executed publishing deals with rock legend Joe Walsh and viral rapper Armani White Signed songwriting and producing talents Steph Jones, Rob Ragosta, Willy Will Yanez, and Jonah Summerfield Acquired catalogs of four of the founding members of R&B pioneers The Spinners, Latin music icon Rudy Perez, and multi-Platinum hip-hop producer Mannie Fresh Continued expansion into emerging markets with new investments including Lebanese star and “Queen of Arab Pop” Nancy Ajram, Egyptian content production and distribution company RE Media, Egyptian rap duo El Sawareekh, and Saudi Arabian hip-hop label Mashrex Fourth Quarter 2024 & Recent Highlights: Revenue of $39.1 million, increased 8% organically, or 12% including acquisitions year-over-year Music Publishing Revenue increased 14% year-over-year Recorded Music Revenue increased by 3% year-over-year Operating Income of $8.8 million, increased 2% year-over-year OIBDA of $15.1 million, an increase of 5% year-over-year Net Income of $2.9 million versus $2.3 million in the year ago period, or $0.04 per diluted share Adjusted EBITDA of $16.0 million, an increase of 6% year-over-year Announced publishing deals with American rock band Kings of Leon and indie-rock singer-songwriter Katie Pruitt Acquired the catalog of 2Pac collaborator Big D Evans Celebrated the 35ᵗʰ anniversary of De La Soul's groundbreaking album 3 Feet High and Rising Management Commentary: “Our fiscal year 2024 was hallmarked by many important milestones with the additions of several award-winning and legendary artists and songwriters to our roster, culminating in record-setting total revenue and total operating income for the full year.

1 month ago - zacks.com

Reservoir Media (RSVR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - globenewswire.com

NEW YORK, May 16, 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 fourth fiscal quarter and fiscal year 2024 ended March 31, 2024, before market open on Thursday, May 30, 2024.

3 months ago - globenewswire.com

NEW YORK, March 15, 2024 (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 participating in a webcasted fireside chat at 11:00 a.m. Pacific Daylight Time on Tuesday, March 19, 2024. 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/

4 months ago - seekingalpha.com

Reservoir Media, Inc. (RSVR) Q3 2024 Earnings Call Transcript

5 months ago - zacks.com

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.

5 months ago - globenewswire.com

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.

5 months ago - globenewswire.com

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.

7 months ago - seekingalpha.com

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.

8 months ago - globenewswire.com

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.

8 months ago - globenewswire.com

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.

9 months ago - zacks.com

Media Conglomerates like Disney (DIS), Sphere Entertainment (SPHR) and Reservoir (RSVR) are benefiting from the growing demand for high-speed Internet and increased media consumption amid significant cord-cutting.

9 months ago - seekingalpha.com

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.

11 months ago - seekingalpha.com

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.

11 months ago - zacks.com

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.

11 months ago - globenewswire.com

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

11 months ago - globenewswire.com

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

11 months ago - globenewswire.com

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.

11 months ago - zacks.com

Media Conglomerates like Pearson (PSO), Sphere Entertainment (SPHR) and Reservoir (RSVR) are benefiting from the growing demand for high-speed Internet and increased media consumption amid significant cord-cutting.