Business
Reservoir Media Announces Third Quarter Fiscal 2026 Results
Double-Digit Growth in Music Publishing Driven by Performance and Digital Revenues Raised Midpoint of Revenue and Adjusted EBITDA Outlook for Fiscal 2026 NEW YORK CITY, NY / ACCESS Newswire / February 4, 2026 / Reservoir Media, Inc. (NASDAQ:RSVR) ...
About this update from Reservoir Media, Inc..
[{"type":"text","content":"Double-Digit Growth in Music Publishing Driven by Performance and Digital Revenues","length":82,"tagName":"p"},{"type":"text","content":"Raised Midpoint of Revenue and Adjusted EBITDA Outlook for Fiscal 2026","length":70,"tagName":"p"},{"type":"text","content":"NEW YORK CITY, NY / ACCESS Newswire / February 4, 2026 / Reservoir Media, Inc. (NASDAQ:RSVR) ("Reservoir" or the "Company"), an award-winning independent music company, today announced financial results for the third quarter of fiscal 2026 ended December 31, 2025.","length":284,"tagName":"p"},{"type":"text","content":"Recent Highlights:","length":18,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $45.6 million, increased 5% organically, or 8% including acquisitions year-over-year","length":95,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Music Publishing Revenue rose 12% year-over-year","length":48,"tagName":"p"}]},{"val":[{"type":"text","content":"Recorded Music Revenue increased by 8% year-over-year","length":53,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":101,"olType":false}]},{"val":[{"type":"text","content":"Operating Income of $10.3 million, increased by 8% year-over-year","length":65,"tagName":"p"}]},{"val":[{"type":"text","content":"OIBDA ("Operating Income Before Depreciation & Amortization") of $18.1 million, an increase of 11% year-over-year","length":127,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Income of $2.2 million, or $0.03 per share, compared to net income of $5.3 million, or $0.08 per share year-over-year","length":121,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA of $19.2 million, up 11% year-over-year","length":55,"tagName":"p"}]},{"val":[{"type":"text","content":"Entered a joint venture with Jamaican and dancehall music publisher Abood Music and genre star Cordell "Skatta" Burrell","length":129,"tagName":"p"}]},{"val":[{"type":"text","content":"Acquired the catalog of yacht rock icon and singer-songwriter Bertie Higgins, including publishing and recorded music rights","length":124,"tagName":"p"}]},{"val":[{"type":"text","content":"Announced publishing deals with female-led disco-soul group Say She She, 2x-Platinum selling country and pop songwriter Allison Veltz Cruz, and multi-genre songwriter-p...