Reservoir Media Inc Stock Price, News & Analysis

Fathom Holdings (Nasdaq: FTHM) has appointed Adam Rothstein to its Board of Directors, where he will serve on the Audit Committee, Nominating and Corporate Governance Committee, and newly formed Strategy Committee. Rothstein, 53, brings over 25 years of investment experience as a venture investor specializing in tech, media, entertainment, and medical technology.

As Co-Founder and General Partner of Disruptive Technology Partners and other investment vehicles, Rothstein currently holds board positions at several companies including Buzzfeed (NASDAQ: BZFD) and Reservoir Media (NASDAQ: RSVR). He is also the majority owner of Spanish Football Team CE Sabadell FC.

Rothstein holds a Bachelor of Science in Economics from the Wharton School and a Master of Philosophy in Finance from the University of Cambridge. His appointment aims to enhance Fathom's technology-driven real estate platform and advance long-term growth initiatives.

Reservoir Media (NASDAQ:RSVR) reported strong Q3 fiscal 2025 results with total revenue increasing 19% to $42.3 million. The growth was driven by a 16% rise in Music Publishing revenue to $26.9 million and a 20% increase in Recorded Music revenue to $12.0 million.

The company achieved significant bottom-line improvements with operating income of $9.6 million, up 47% year-over-year, and net income of $5.3 million ($0.08 per share) compared to a net loss of $2.9 million in the prior year. Adjusted EBITDA grew 26% to $17.3 million.

Key catalogs were acquired during the quarter, including Lastrada Entertainment's publishing catalog. The company raised its fiscal 2025 outlook, now projecting revenue of $155M-$158M (8% growth) and Adjusted EBITDA of $61.5M-$64.5M (13% growth).

Reservoir Media (NASDAQ:RSVR) has announced it will release its third quarter fiscal 2025 financial results on February 5, 2025, before market open. The company will host a conference call to discuss the results at 10 a.m. Eastern Standard Time on the same day.

The independent music company will provide a live audio webcast accessible through their Investor Relations website. Interested parties can participate either through the webcast or by 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 its participation in two upcoming investor conferences in New York City. Chief Financial Officer Jim Heindlmeyer will host investor meetings at the 13th Annual ROTH Technology Conference on November 20. Additionally, Founder and CEO Golnar Khosrowshahi and Heindlmeyer will attend the UBS Global Media and Communications Conference on December 9. Interested parties can schedule meetings through their respective ROTH Capital and UBS representatives.

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.