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Accesswire
12 days ago
Reservoir Media Announces Fourth Quarter and Fiscal Year 2026 Results
Strong Execution and Substantial Capital Deployment Drove Record Financial Performance and High-Quality Portfolio Expansion Fiscal 2027 Financial Outlook of Mid-Single-Digit Top- and Bottom-Line Growth NEW YORK, NY / ACCESS Newswire / May 28, 2026 / Reservoir Media, Inc. (NASDAQ:RSVR) ("Reservoir" or the "Company"), an award-winning independent music company, today announced financial results for the fourth quarter and full year for fiscal 2026 ended March 31, 2026. Fiscal Year 2026 Highlights: Revenue of $175.7 million, increased 6% organically, or 11% including acquisitions year-over-year Music Publishing Revenue increased 9% year-over-year Recorded Music Revenue increased by 16% year-over-year Operating Income of $38.2 million, increased by 9% year-over-year OIBDA ("Operating Income Before Depreciation & Amortization") of $69.0 million, increased by 12% year-over-year Net Income $7.8 million, or $0.13 per diluted share, compared to Net Income of $7.7 million last year, or $0.12 per diluted share Adjusted EBITDA of $73.6 million, up 12% year-over-year Acquired the publishing catalog of music and cultural icon Miles Davis, as well as rights to his recorded music and shared rights to name and likeness Reinforced relationships with existing clients: Announced a new deal with film composer Hans Zimmer and his company, Remote Control Publishing, extending the relationship that began in 2015 Extended publishing deals with music legend Joni Mitchell and Grammy award-winning songwriter and producer Khris Riddick-Tynes Expanded Reservoir's international footprint with the launch of Mumbai-based subsidiary, PopIndia, to sign and develop talent in India, including the company's first deals signing singer, songwriter, rapper, and YouTube star Yohani and acquiring the publishing and master rights to the entire Musicraft Entertainment catalog Expanded the Recorded Music division with a multi-faceted deal with independent record label Fool's Gold Records, including acquiring catalog master rights of several of the label's artists and an exclusive partnership to market and distribute all other recordings on Fool's Gold via the Reservoir label platform Fourth Quarter 2026 & Recent Highlights: Revenue of $47.5 million, increased 12% organically, or 15% including acquisitions year-over-year Music Publishing Revenue increased 11% year-over-year Recorded Music Revenue increased 27% year-over-year Operating Income of $11.8 million, increased by 13% year-over-year OIBDA of $19.9 million, increased by 16% year-over-year Net Income of $4.1 million, or $0.07 per diluted share, compared to Net Income of $2.7 million in the year-ago period, or $0.04 per diluted share Adjusted EBITDA of $21.2 million, up 16% year-over-year Announced new publishing deals with country/pop songwriter Allison Veltz Cruz, multi-genre songwriter-producer Britten Newbill, U.K. singer-songwriter Benjamin Francis Leftwich, and Nashville singer-songwriter Sam Tinnesz Reservoir subsidiary PopArabia acquired MENA label and digital distribution company Viral Wave Management Commentary: "Fiscal 2026 was another standout year for Reservoir, marked by strong growth and continued strategic investment.
