Reservoir Media, Inc. (RSVR)

In the past six months, Reservoir Media, Inc. reported a 10% year-over-year increase in total revenue for FY2025, a 43% rise in operating income, and a net income of $7.7 million, driven by strategic acquisitions and publishing deals. The company invested in Lightroom, diversifying its portfolio into a high-growth vertical. First fiscal quarter 2026 results showed an 8% year-over-year increase in total revenue. Reservoir acquired Miles Davis' publishing catalog, recorded music rights, and name and likeness rights. Reservoir acquired the catalogs of Iraqi company HFM Production and Kuwaiti singer-songwriter Essa Almarzoug, expanding its presence in the MENA region. Between October 11, 2024, and October 10, 2025, the company's share price experienced a decline.

The demand for Reservoir Media's products and services exhibits seasonality, with the fourth quarter being a busy period for new music releases and sales. The spring and summer months also see a steady number of album releases. The music publishing industry is experiencing robust growth driven by the increasing popularity of streaming services and the rise of sync licensing.

Reservoir Media, Inc. (RSVR) is an independent music company in the Communication Services sector, specifically within the Entertainment industry, encompassing music publishing, recorded music, and artist management. The company acquires and manages music publishing catalogs and master recordings, licensing these rights for various uses such as film, television, advertising, video games, and streaming services. Reservoir Media also engages in the discovery and development of recording artists and the marketing, distribution, sale, and licensing of music catalogs. Its publishing catalog includes works by artists such as Billy Strayhorn, Hoagy Carmichael, John Denver, Sheryl Crow, Lady Gaga, Camila Cabello, Bruno Mars, Cardi B, and Hans Zimmer. The company also represents recorded music through labels like Chrysalis Records, Tommy Boy Records, and Philly Groove Records, and manages artists via ventures with Blue Raincoat Music and Big Life Management.

Reservoir Media, Inc. is headquartered in New York City, with additional offices in Los Angeles, Nashville, Toronto, London, Abu Dhabi, and Mumbai.

Reservoir Media has maintained a strong brand reputation, evidenced by its consistent recognition as "Publisher of the Year" and "Independent Publisher of the Year". The company's founder and CEO, Golnar Khosrowshahi, was also named Executive of the Year. Irenic Capital Management LP disclosed an 8.1% stake in Reservoir Media and publicly stated that the company was "undervalued". Positive developments contributing to its reputation include strategic acquisitions and consistent financial performance.

Reservoir Media, Inc. has a diverse ownership structure including Richmond Hill Investments, LLC, Irenic Capital Management LP, Federated Hermes, Inc., Nantahala Capital Management, LLC, BlackRock, Inc., Dimensional Fund Advisors Lp, AWM Investment Company, Inc., Vanguard Group Inc, and Geode Capital Management, Llc. Individual insiders own 3.1% of shares, institutions own 17.9%, hedge funds 30.1%, and private companies 43.6%.