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Reservoir Media Inc - RSVR STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Reservoir Media's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Reservoir Media's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.08%
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conferences
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.13%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
0.57%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
6.35%
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Rhea-AI Summary
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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End-of-Day
-2.1%
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Rhea-AI Summary
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-1.28%
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Rhea-AI Summary
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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1.47%
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-3.09%
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Rhea-AI Sentiment
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-1.06%
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Rhea-AI Sentiment
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0.3%
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Reservoir Media Inc

Nasdaq:RSVR

RSVR Rankings

RSVR Stock Data

503.67M
16.54M
47.06%
45.99%
2.04%
Entertainment
Communication Services
Link
United States
New York

About RSVR

reservoir is an independent music publisher based in new york city. founded as a family business in 2007, the company began with a small, experienced team and a modest collection of long-standing hits. today, with offices in los angeles, toronto, and london, over 200 #1 releases worldwide, and writers based everywhere from hollywood to hamburg, reservoir has emerged as the boutique publisher with a global reach. diverse and ever-expanding, reservoir boasts a multi-genre, hit-driven catalog. its archives include historic pieces written by greats like billy strayhorn, bobby pickett, david crosby, gram parsons, irving burgie, john denver, and ricky lee jones; the contemporary-classic catalogs of big & rich, lil jon, phantogram, sheryl crow, and stephen “static major” garrett; and a slew of current and recent popular hits performed by ariana grande, drake, lady gaga, major lazer, meghan trainor, tiësto, and several others. reservoir's collection of film music includes rights to scores crea