Neutral
Accesswire
1 month ago
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) ("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-year Music Publishing Revenue rose 12% year-over-year Recorded Music Revenue increased by 8% year-over-year Operating Income of $10.3 million, increased by 8% year-over-year OIBDA ("Operating Income Before Depreciation & Amortization") of $18.1 million, an increase of 11% year-over-year 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 Adjusted EBITDA of $19.2 million, up 11% year-over-year Entered a joint venture with Jamaican and dancehall music publisher Abood Music and genre star Cordell "Skatta" Burrell Acquired the catalog of yacht rock icon and singer-songwriter Bertie Higgins, including publishing and recorded music rights 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-producer Britten Newbill Extended publishing agreement with multi-platinum Indian hip-hop artist DIVINE Management 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.