Company Overview - Reservoir Media, Inc. is an independent music company based in New York City, with additional offices in Los Angeles, Nashville, Toronto, London, and Abu Dhabi [7] - It is the first female-founded and led publicly traded independent music company in the U.S. [7] - Founded in 2007 as a family-owned music publisher, Reservoir has grown to represent over 150,000 copyrights and 36,000 master recordings, with titles dating back to 1900 [7] - The company frequently holds a Top 10 U.S. Market Share according to Billboard's Publishers Quarterly and has received multiple awards, including Publisher of the Year by Music Business Worldwide's The A&R Awards [7] Financial Results Announcement - Reservoir Media will release its financial results for the first fiscal quarter of 2025, which ended on June 30, 2024, before market open on July 31, 2024 [1] - A conference call to discuss these results will be held at 10 a.m. Eastern Daylight Time on the same day [5] - Interested parties can participate in the call by registering through a provided link, after which they will receive a dial-in number and PIN [2][6]

Core Viewpoint - Reservoir Media, Inc. (RSVR) has experienced a bearish price trend recently, losing 7.2% over the past week, but the formation of a hammer chart pattern suggests a potential trend reversal as buying interest may be increasing [1] Technical Analysis - The hammer chart pattern indicates a possible bottoming out of the stock price, with reduced selling pressure, suggesting that bulls may be gaining control [1] - A hammer pattern forms when there is a small candle body with a long lower wick, signaling a potential reversal during a downtrend [1] - Hammer candles can appear on various timeframes and should be used alongside other bullish indicators for confirmation [1] Fundamental Analysis - There has been a positive trend in earnings estimate revisions for RSVR, with a 14.3% increase in the consensus EPS estimate for the current year over the last 30 days, indicating improved earnings expectations [1] - The company holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [1] - A Zacks Rank of 1 serves as a strong indicator of a potential trend reversal, helping investors identify improving company prospects [1]

Reservoir Media, Inc. (RSVR) has been beaten down lately with too much selling pressure. While the stock has lost 11.1% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering ...

Financial Data and Key Metrics Changes - Revenue for the fourth fiscal quarter was $39.1 million, a 12% increase compared to the fourth quarter of fiscal 2023, driven by strong growth in both segments [25] - For the full fiscal year 2024, revenue reached $144.9 million, an 18% year-over-year increase, exceeding the top end of guidance [52][87] - Net income for the fourth quarter was $2.9 million, compared to $2.3 million in the same period last year, resulting in diluted earnings per share of $0.04, unchanged from the prior year [27] - OIBDA for fiscal 2024 increased 15% year-over-year to $49.6 million, while adjusted EBITDA grew 20% to $55.6 million [29] Business Line Data and Key Metrics Changes - Music publishing segment revenue for the fourth quarter was $26.4 million, a 14% increase including acquisitions [81] - Recorded music revenue increased 22% compared to fiscal 2023, driven by subscriber growth and price increases at streaming services [33] - Performance revenue in the music publishing segment increased by 73% in the fourth quarter [81] Market Data and Key Metrics Changes - The total performance revenue, including live performances, rose 37% year-over-year in fiscal 2024, indicating increased demand for concerts and music festivals [7] - User engagement remained high despite price increases by global streaming platforms, with 83 million new paid subscribers added in 2023 [22] Company Strategy and Development Direction - The company aims to leverage AI tools to enhance revenue capture and automate time-consuming tasks, allowing human resources to focus on higher-value work [6][21] - The strategy includes expanding the catalog through acquisitions and partnerships, such as the acquisition of Saudi Arabian hip-hop label Mashrex and a deal with In2Musica [8][19] - The company is focused on driving organic growth and capitalizing on projected growth in the music industry, particularly in emerging markets [92] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the deal flow, noting a robust pipeline of potential acquisitions valued at $1 billion [40] - The company anticipates revenue for fiscal 2025 to be in the range of $148 million to $152 million, with adjusted EBITDA expected between $58 million and $61 million [35] - Management acknowledged the impact of Spotify's recent accounting changes and the need for ongoing adjustments to ensure fair compensation for their roster [46] Other Important Information - The company reported a 16% increase in overall cost of revenue for fiscal 2024, attributed to a higher revenue base from acquisitions [28] - Interest expense for the full fiscal year was $21.1 million, a 43% increase compared to the previous year [54] - The company ended the year with total debt of $330.8 million and maintained a strong liquidity position of $132.3 million [58] Q&A Session Summary Question: What drove the decision to pay down $11.5 million of debt? - Management indicated that the decision was related to ongoing cash management and balance sheet management, not due to a shortage of acquisition opportunities [39] Question: Can you provide insight into the change in the acquisition pipeline from $2 billion to $1 billion? - Management confirmed that the pipeline is still robust with interesting off-market opportunities, and the reduction was not due to a lack of opportunities [40][41] Question: How much conservatism is built into the fiscal year '25 guidance? - Management acknowledged that there are one-off items impacting guidance and that they typically operate with a level of conservatism until more data is available [76] Question: What is the outlook for M&A in fiscal year '25? - Management stated that they are optimistic about the deal flow and are continuously evaluating opportunities while considering the impact of recent industry changes [12][41]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (MARK ONE) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39795 RESERVOIR MEDIA, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of in ...

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 300%. A quarter ago, it was expected that this company would post a loss of $0.02 per share when it actually produced break-even earnings, delivering a surprise of 100%. Over the last four quarters, the comp ...

Exhibit 99.1 RESERVOIR MEDIA ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2024 RESULTS 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 May 30, 2024, New York — Reservoir Media, Inc. (NASDAQ: RSVR) ("Reservoir" or the "Company"), an award-winning independent music company, today ann ...

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 MidPoint 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 ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Reservoir Media, Inc. (RSVR) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May ...

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. Reservoir will host a conference call to discuss its results at 10 a.m. Eastern Daylight Time the same day. A live audio webcast of Reservoir's fourth quarter and full year results d ...