Financial Data and Key Metrics Changes - Revenue for Q1 2024 was $31.8 million, representing a 31% increase year-over-year [8] - Adjusted EBITDA increased by 36% to $10.1 million, while OIBDA rose 38% to $9.2 million [9] - Net income for Q1 2024 was approximately $165,000, compared to $17,000 in Q1 2023, resulting in diluted earnings per share of zero [29] Business Line Data and Key Metrics Changes - Music Publishing generated revenue of $20.8 million, a 26% increase from the previous year, driven by strong digital and performance revenues [10] - Recorded Music segment revenue was $10.4 million, a 37% increase year-over-year, with physical revenue increasing by 176% [30] Market Data and Key Metrics Changes - The adoption of the new CRB 4 rates, with a headline rate of 15.15%, significantly impacted revenue recognition from mechanical royalties [5] - The company noted strong demand trends for streaming music globally, evidenced by higher-than-expected subscriber numbers from platforms like Spotify [5] Company Strategy and Development Direction - The company is focused on expanding its roster of creators across genres and geographies, with notable acquisitions including catalogs from The Spinners and a joint venture with a Saudi Arabian hip-hop label [6] - The company aims to maintain a disciplined approach to capital deployment to drive top-line growth and margin expansion [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory of the global music industry and the company's positioning to capitalize on it [5] - The company is maintaining its revenue guidance range of $127 million to $132 million for fiscal 2024, indicating a 6% increase at the midpoint compared to fiscal 2023 [31] Other Important Information - The company reported a total liquidity of $130.5 million, with $331.8 million in credit facilities and $325.8 million in total debt [11] - Employee retention rates are high, with 100% retention at the senior management level and 87% overall in the U.S. [25] Q&A Session All Questions and Answers Question: What has driven the margin performance and how will price increases from streaming services impact revenue and margins? - Management noted that the margin expansion was anticipated due to operating leverage in the business, and price increases from streaming services are expected to flow through to revenue in a linear manner [35] Question: How does the company view seasonality in earnings and guidance? - Management indicated that they are refining accruals to smooth earnings and are conservatively holding guidance while looking to see how the first half of the year unfolds [55] Question: What is the outlook for M&A activity and the funding environment? - The company has a robust $2 billion pipeline for M&A and is not seeing significant contraction in pricing, maintaining strong relationships with banks for capital access [40][56]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ 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 o ...

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, 2023 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) Delaware 83-3584204 (State or othe ...

Reservoir Media, Inc. (NASDAQ:RSVR) Q4 2023 Earnings Conference Call May 31, 2023 10:00 AM ET Company Participants Jackie Marcus - Managing Director, Alpha IR Group Golnar Khosrowshahi - Founder and Chief Executive Officer Jim Heindlmeyer - Chief Financial Officer Conference Call Participants Richard Baldry - ROTH MKM Alex Fuhrman - Craig-Hallum Capital Group, LLC Operator Good morning, everyone, and thank you for participating in today's conference call to discuss Reservoir Media's Financial Results for th ...

Reservoir Media, Inc. (NASDAQ:RSVR) Q3 2023 Earnings Conference Call February 8, 2023 10:00 AM ET Company Participants Jacqueline Marcus - IR Golnar Khosrowshahi - Founder and CEO Jim Heindlmeyer - CFO Conference Call Participants Richard Baldry - ROTH Dan Day - B. Riley Alex Fuhrman - Craig-Hallum Operator Good morning, everyone, and thank you for participating in today's conference call to discuss Reservoir Media's Financial Results for the Third Quarter of Fiscal Year 2023 ended December 31, 2022. [Opera ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 ☐ 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 jurisdicti ...

Reservoir Media, Inc. (NASDAQ:RSVR) Q3 2022 Earnings Conference Call November 8, 2022 10:00 AM ET Company Participants Jacqueline Marcus - IR Golnar Khosrowshahi - Found & Chief Executive Officer Jim Heindlmeyer - Chief Financial Officer Conference Call Participants Richard Baldry - ROTH Alex Fuhrman - Craig-Hallum Operator Good day, and thank you for standing by. Welcome to the Reservoir Second Quarter Fiscal 2023 Conference Call. At this time, all participants are in a listen-only mode. After the speaker' ...

INVESTOR PRESENTATION SEPTEMBER 2022 Disclaimer 2 Forward Looking Statements This presentation contains "forward-looking statements" for purposes of the safe harbor provisions under the U.S. Private securities litigation reform act of 1995, as amended. These forward-looking statements are generally identified by words such as "anticipate," "believe," continue," "could," "estimate," "expect," "intend," "may," "might," "seem," "seek," "future," "outlook," "model," "target," "goal," "plan," "possible," "potent ...

Reservoir Media, Inc. (NASDAQ:RSVR) Q1 2023 Earnings Conference Call August 5, 2022 10:00 AM ET Company Participants Alec Buchmelter - Alpha Investor Relations Group, Assistant Vice President Golnar Khosrowshahi - Found & Chief Executive Officer Jim Heindlmeyer - Chief Financial Officer Conference Call Participants Richard Baldry - ROTH Alex Fuhrman - Craig-Hallum Marc Riddick - Sidoti Operator Thank you for standing by and welcome to Reservoir's First Quarter Fiscal 2023 Conference Call. [Operator Instruc ...

Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ 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 incorporation or organization) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, ...