Reservoir Media (RSVR) Company Report

Reservoir Media reported Q3 FY2026 revenue of $45.6 million, an 8% increase year-over-year, driven by 12% growth in music publishing revenue and 8% growth in recorded music revenue.
Adjusted EBITDA rose 11% year-over-year to $19.2 million, though earnings per share (EPS) declined to $0.03 from $0.08 in the prior year, primarily due to a loss on fair value of swaps and increased interest expense.
The company raised its full-year fiscal 2026 revenue guidance to $170 million - $173 million and Adjusted EBITDA guidance to $71.5 million - $73.5 million.
Strategic activities included the acquisition of Bertie Higgins' catalog and new partnerships with Gladys Knight and T.I., with a continued focus on emerging markets offering favorable acquisition multiples. Management expects M&A activity to continue at an elevated pace in Q4.

3 days ago

Transcript

Reservoir Media Reports Q3 FY 2026 Results and Raises Full-Year Guidance

RSVR

Earnings

Guidance Update

M&A

Reservoir Media reported Q3 FY 2026 revenue of $45.6 million, an 8% year-over-year increase (5% organic), with music publishing revenue up 12% and recorded music revenue up 8%.
For Q3 FY 2026, OIBDA increased 11% to $18.1 million and Adjusted EBITDA also rose 11% to $19.2 million.
The company raised its full-year fiscal 2026 revenue guidance to $170 million-$173 million and Adjusted EBITDA guidance to $71.5 million-$73.5 million.
Net income for the quarter was $2.2 million, down from $5.3 million in the prior year, primarily due to a loss on fair value of swaps and increased interest expense, leading to EPS of $0.03.
Strategic activities included continued catalog acquisitions (e.g., Bertie Higgins, Miles Davis, Gladys Knight, T.I.) and expansion into high-growth emerging markets such as India and Jamaica, noting favorable acquisition multiples in these regions.

3 days ago

Transcript

Reservoir Media Announces Q3 Fiscal Year 2026 Results and Raises Full-Year Guidance

RSVR

Earnings

Guidance Update

M&A

Reservoir Media reported Q3 Fiscal Year 2026 revenue of $45.6 million, an 8% increase year-over-year including acquisitions, driven by 12% growth in music publishing and 8% growth in recorded music.
Adjusted EBITDA increased 11% year-over-year to $19.2 million, though net income decreased to $2.2 million ($0.03 EPS) compared to $5.3 million ($0.08 EPS) in the prior year.
The company raised its full-year fiscal 2026 revenue guidance to $170 million-$173 million and Adjusted EBITDA guidance to $71.5 million-$73.5 million.
Strategic highlights for the quarter ended December 31, 2025, included the acquisition of Bertie Higgins' catalog, new partnerships with Gladys Knight and T.I., and continued expansion in emerging markets, with M&A activity expected to remain elevated.

3 days ago

Transcript

Reservoir Media Announces Third Quarter Fiscal 2026 Results and Raises Full-Year Outlook

RSVR

Earnings

Guidance Update

Revenue Acceleration/Inflection

Reservoir Media, Inc. reported Q3 FY26 revenue of $45.6 million, an 8% increase year-over-year, and Adjusted EBITDA of $19.2 million, up 11%.
Despite top-line growth, Net Income decreased by 59% to $2.2 million, or $0.03 per share, primarily due to a loss on fair value of swaps and increased interest expense.
The company raised its fiscal year 2026 outlook, now projecting Revenue between $170 million and $173 million and Adjusted EBITDA between $71.5 million and $73.5 million.
As of December 31, 2025, total available liquidity was $114.8 million, with Net Debt at $431.7 million.

3 days ago

8-K

Reservoir Media, Inc. reports Q2 Fiscal Year 2026 results and updates Fiscal Year 2026 outlook

RSVR

Earnings

Guidance Update

M&A

Reservoir Media, Inc. reported Q2 Fiscal Year 2026 results with 12% total revenue growth year-over-year and 10% Adjusted EBITDA growth year-over-year.
The company provided a Fiscal Year 2026 outlook, narrowing its revenue guidance to $167 - $170 million (6% growth at mid-point) and Adjusted EBITDA guidance to $70 - $72 million (8% growth at mid-point).
As of September 30, 2025, Reservoir Media, Inc. had a market capitalization of $534 million with 66 million shares outstanding, and reported $422 million in total debt and $28 million in cash.
The company has a proven M&A platform, deploying $918 million in capital since inception and identifying 100+ M&A targets totaling over $1 billion in its current pipeline as of September 30, 2025.

Nov 17, 2025, 9:06 PM

8-K

Reservoir Media Reports Strong Q2 FY2026 Results and Raises Full-Year Guidance

RSVR

Earnings

Guidance Update

M&A

Reservoir Media reported strong Q2 Fiscal Year 2026 results, with revenue increasing 12% year-over-year to $45.4 million and diluted earnings per share of $0.03 compared to $0.00 in the prior year quarter ended September 30, 2025.
Adjusted EBITDA grew 10% year-over-year to $19.4 million for the quarter.
The company raised and narrowed its Fiscal Year 2026 revenue guidance to a range of $167 million to $170 million and its Adjusted EBITDA guidance to $70 million to $72 million.
Strategic developments include the acquisition of the Miles Davis publishing catalog and rights, expansion into the MENA region, and an option granted to Miramax for a "Monster Mash" animated film.

Nov 4, 2025, 3:00 PM

Transcript

Reservoir Media Reports Strong Q2 FY2026 Results, Raises Full-Year Guidance, and Acquires Miles Davis Catalog

RSVR

Earnings

Guidance Update

M&A

Reservoir Media reported Q2 Fiscal 2026 revenue of $45.4 million, marking a 12% year-over-year increase, with 7% organic growth and 5% from acquisitions. Adjusted EBITDA grew 10% to $19.4 million, and diluted earnings per share (EPS) reached $0.03.
The company raised and narrowed its full-year Fiscal 2026 guidance, with revenue now projected between $167 million and $170 million (up from $164 million to $169 million) and adjusted EBITDA between $70 million and $72 million (up from $68 million to $72 million).
Key strategic moves included the acquisition of the Miles Davis publishing catalog, recorded music rights, and name/likeness, with plans for significant 100th-anniversary celebrations in 2026.
Reservoir Media also expanded its portfolio by extending its publishing deal for Nick Drake and securing a new deal for Molly Drake's catalog, alongside new agreements in the MENA region with HFM Production, Essa Almarzug, and 88 Young.

Nov 4, 2025, 3:00 PM

Transcript

Reservoir Media Reports Q2 Fiscal 2026 Results with Revenue Growth and Raised Full-Year Guidance

RSVR

Earnings

Guidance Update

M&A

Reservoir Media reported a 12% increase in Q2 fiscal 2026 revenue, driven by organic growth and acquisitions, including the significant purchase of the Miles Davis catalog.
Net income for Q2 significantly rose to $2.26 million from $0.185 million a year ago, despite missing earnings per share estimates, posting $0.03 versus the expected $0.05.
The company has raised its full-year revenue guidance to $167 million to $170 million.
The CEO emphasized a strategic focus on disciplined catalog investments and partnerships to sustain long-term value.
Reservoir Media's stock has underperformed relative to the S&P 500 this year, losing about 18.5% compared to the index's gain of 16.5%.

Nov 4, 2025, 1:56 PM

Morningstar

Reservoir Media Announces Second Quarter Fiscal 2026 Results and Raises Fiscal 2026 Outlook

RSVR

Earnings

Guidance Update

M&A

Reservoir Media, Inc. reported Q2 fiscal 2026 total revenue of $45.4 million, an increase of 12% year-over-year, and net income of $2.2 million, or $0.03 per share for the quarter ended September 30, 2025.
Adjusted EBITDA for the second quarter of fiscal 2026 increased 10% year-over-year to $19.4 million.
The company raised its fiscal year 2026 outlook for revenue to between $167 million and $170 million and Adjusted EBITDA to between $70 million and $72 million.
Strategic highlights include the acquisition of the Miles Davis publishing catalog and recorded music rights, along with new publishing deals and emerging market expansions.