Business
Reservoir Media Announces Third Quarter Fiscal 2026 Results
Double-Digit Growth in Music Publishing Driven by Performance and Digital RevenuesRaised Midpoint of Revenue and Adjusted EBITDA Outlook for Fiscal 2026 NEW
About this update from Reservoir Media, Inc..
[{"type":"text","content":"Double-Digit Growth in Music Publishing Driven by Performance and Digital RevenuesRaised Midpoint of Revenue and Adjusted EBITDA Outlook for Fiscal 2026 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.Recent Highlights:Revenue of $45.6 million, increased 5% organically, or 8% including acquisitions year-over-yearMusic Publishing Revenue rose 12% year-over-yearRecorded Music Revenue increased by 8% year-over-yearOperating Income of $10.3 million, increased by 8% year-over-yearOIBDA (\"Operating Income Before Depreciation & Amortization\") of $18.1 million, an increase of 11% year-over-yearNet 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-yearAdjusted EBITDA of $19.2 million, up 11% year-over-yearEntered a joint venture with Jamaican and dancehall music publisher Abood Music and genre star Cordell \"Skatta\" BurrellAcquired the catalog of yacht rock icon and singer-songwriter Bertie Higgins, including publishing and recorded music rightsAnnounced 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-producer Britten NewbillExtended publishing agreement with multi-platinum Indian hip-hop artist DIVINEManagement Commentary:\"This quarter, we continued to execute with focus and discipline, advancing our top-line objectives while maintaining strong cost and balance sheet control,\" said Golnar Khosrowshahi, Founder and Chief Executive Officer of Reservoir Media. \"Across a range of new deals this quarter, spanning emerging talent and enduring cultural icons, and with our commitment to creators at the forefront of everything we do, Reservoir remains a trusted global partner. Our strong, diversified pipeline positions us well to continue to execute on transactions while delivering attractive returns.\"Third Quarter Fiscal 2026 Financial ResultsSummary Financials Q3 FY26 Q3 FY25 Change Total Revenue $45.6 $42.3 8% Music Publishing Revenue $30.1 $26.9 12% Recorded Music Revenue $12.9 $12.0 8% Operating Income $10.3 $9.6 8% OIBDA $18.1 $16.3 11% Net Income ...