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Reservoir Media Announces Fourth Quarter and Fiscal Year 2026 Results

RSVR
  • Reservoir Media, Inc. reported fiscal 2026 full-year revenue of $175.7 million, a 6% organic increase & 11% total increase year-over-year.
  • Fourth quarter fiscal 2026 revenue reached $47.5 million, representing a 12% organic growth & 15% total growth compared to the prior year quarter.
  • Music publishing revenue grew 9% for the full year to $116.8 million, while recorded music revenue surged 16% to $51.5 million.
  • Recorded music revenue saw a 27% increase in Q4 2026, driven by 17% digital growth & a 161% rise in synchronization revenue.
  • Full-year operating income increased 9% to $38.2 million, with OIBDA rising 12% to $69.0 million & Adjusted EBITDA up 12% to $73.6 million.
  • Net income for fiscal 2026 was $7.8 million ($0.13 per share), a slight increase from $7.7 million ($0.12 per share) in the previous year.
  • The company acquired the publishing & recorded music rights of Miles Davis, including name & likeness rights.
  • Reservoir extended partnerships with Hans Zimmer (Remote Control Publishing), Joni Mitchell, & Khris Riddick-Tynes.
  • The company launched PopIndia in Mumbai to develop talent, signing Yohani & acquiring the Musicraft Entertainment catalog.
  • Reservoir expanded its recorded music division via a deal with Fool's Gold Records to acquire master rights & distribute recordings.
  • Subsidiary PopArabia acquired MENA label & digital distribution company Viral Wave.
  • New publishing deals were announced with Allison Veltz Cruz, Britten Newbill, Benjamin Francis Leftwich, & Sam Tinnesz.
  • Cash provided by operating activities for fiscal 2026 totaled $50.1 million, an increase of $4.9 million from the prior year.
  • As of March 31, 2026, total liquidity was $117.1 million, consisting of $25.9 million in cash & $91.2 million available on the revolving credit facility.
  • Total debt increased to $455.7 million, resulting in a net debt position of $429.8 million.
  • Fiscal 2027 outlook projects revenue between $186 million & $191 million (7% growth) & Adjusted EBITDA between $75 million & $79 million (5% growth).
  • Management highlighted continued strategic investment in catalog expansion & international market scaling as key growth drivers.