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 (NASDAQ: RSVR) is a leading independent music company specializing in publishing and recorded music management. This news hub provides investors and industry professionals with essential updates on corporate developments, catalog acquisitions, and strategic partnerships.
Access real-time announcements including earnings reports, licensing agreements, and executive leadership changes. Our curated collection features official press releases alongside market analysis relevant to RSVR's position in the global music industry.
Key coverage areas include music copyright acquisitions, digital licensing innovations, international expansion updates, and financial performance disclosures. Bookmark this page for direct access to primary source materials that impact RSVR's market performance and industry standing.
Reservoir Media, an independent music company, will conduct a webcast presentation led by CFO Jim Heindlmeyer on March 13, 2023, at 2:00 p.m. PDT. Investors can access the live event and replay through the Investor Relations section of Reservoir's website. Additionally, the company will hold one-on-one meetings with investors at the conference on March 13 and 14, 2023. Established in 2007, Reservoir has a significant market presence, representing over 140,000 copyrights and managing a diverse roster of artists through partnerships with various record labels.
Reservoir Media reported strong financial results for Q3 FY2023, with total revenue of $29.9 million, a 16% increase year-over-year. Music Publishing revenue grew 14% to $20.2 million, driven by digital, performance, and synchronization segments. Recorded Music revenue edged up 1%, reaching $7.6 million. Operating income rose 71% to $4.6 million, while adjusted EBITDA increased 24% to $10.9 million. However, the company faced a net loss of $4.1 million due to one-time tax expenses and debt extinguishment losses. Looking ahead, it raised its full-year revenue guidance to $120-$122 million.
Reservoir Media, Inc. (NASDAQ: RSVR) will release its financial results for the third fiscal quarter ended December 31, 2022, on February 8, 2023, before market open. A conference call is scheduled for the same day at 10 a.m. EST to discuss the results. Investors can access the call via a registration link or through the company’s website, where an archived version will also be available. Reservoir, based in New York City, represents over 140,000 copyrights and 36,000 master recordings. It has received accolades such as Publisher of the Year and frequently holds a Top 10 U.S. Market Share according to Billboard.
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