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RESERVOIR MEDIA ANNOUNCES FIRST QUARTER FISCAL 2027 RESULTS

RSVR
  • Reservoir Media reported Q1 fiscal 2027 revenue of $41.5 million, a 12% increase year-over-year driven by 6% organic growth & 35% growth from acquisitions.
  • Music Publishing revenue rose 6% to $26.5 million, while Recorded Music revenue surged 35% to $14.1 million.
  • Operating income remained flat at $5.4 million, whereas OIBDA increased 7% to $13.7 million & Adjusted EBITDA rose 13% to $15.7 million.
  • The company reported a net loss of $0.5 million ($0.00 per share), an improvement from the $0.6 million loss ($0.01 per share) in the prior year period.
  • Strategic moves included acquiring Nacional Records' catalog, forming a joint venture with TU Publishing, partnering with Ollie Hodge on Some Action, & securing a publishing deal with T.I.
  • The company added Adam Kapit & Jarrett Doherty to its roster while expanding its Latin music presence through new joint ventures.
  • Music Publishing OIBDA margin decreased to 29% due to higher administration expenses, while Recorded Music OIBDA margin fell to 43% primarily from increased cost of revenue.
  • Cash used in operating activities was $1.4 million, a significant decrease compared to the prior year, attributed to royalty payment timing & recoupment of advances.
  • As of June 30, 2026, the company held $13.7 million in cash & $98.9 million in total available liquidity against $462.2 million in total debt.
  • Reservoir reaffirmed its full-year fiscal 2027 outlook, projecting revenue between $186 million & $191 million, with Adjusted EBITDA between $75 million & $79 million.