Reservoir Media, Inc. (RSVR)

In Q2 FY2026, Reservoir Media reported a 12% increase in top-line growth, driven by both organic revenue and acquisitions, and acquired the catalog of Miles Davis. Insider Adam Rothstein sold RSVR shares in August and September 2025. In Q3 FY2026, the company reported an EPS of $0.03, surpassing estimates, and revenue reached $45.6 million, an 8% increase year-over-year. The company raised its full-year fiscal 2026 revenue and adjusted EBITDA guidance. The 52-week high for RSVR stock was $8.95, and the 52-week low was $6.56.

While music streaming and licensing demand is generally consistent, Reservoir Media experiences some seasonality for specific catalog items, such as holiday-themed songs. Digital streaming provides recurring revenue, but synchronization licenses can introduce lumpiness in revenue. The music industry benefits from technology bringing new artists and music to more listeners, and increased paid subscribers on digital streaming platforms.

Reservoir Media operates in the music industry, focusing on music publishing and recorded music. The company owns, manages, and monetizes a catalog of over 150,000 copyrights and 36,000 master recordings. Its services include licensing music for digital streaming, film and television synchronization, and physical media distribution. Reservoir Media also engages in artist management through ventures with Blue Raincoat Music and Big Life Management, emphasizing catalog acquisition and digital monetization.

Reservoir Media has a global presence with headquarters in New York City and offices in Nashville, London, Abu Dhabi, and Mumbai. The company has expanded into emerging markets, including India through PopIndia, and the Middle East and North Africa (MENA) region.

Reservoir Media maintains a strong brand reputation as an award-winning independent music company, consistently holding a Top 10 U.S. Market Share. At the 2025 Grammy Awards, Reservoir celebrated six wins across its roster. Reservoir talent contributed to four songs on the Billboard Hot 100 year-end chart, including Sabrina Carpenter's "Espresso." The company expanded its portfolio with acquisitions and publishing deals, including deals with Snoop Dogg and Death Row Records, k.d. lang, and the acquisition of producer rights for Jack Douglas.

Reservoir Media, Inc. has a concentrated ownership structure, with institutional investors owning approximately 41.79% to 44.19% of the shares and insiders holding about 46.57%. Major institutional owners include Richmond Hill Investments, LLC, Irenic Capital Management LP, and Federated Hermes, Inc.