Reservoir Media Reports Record FY26 Revenue $175.7M, Adj. EBITDA $73.6M
Reservoir Media, Inc. announced strong financial results for the fourth quarter and fiscal year ended March 31, 2026, driven by robust execution and strategic capital deployment. The company achieved record revenue of $175.7 million and Adjusted EBITDA of $73.6 million for fiscal year 2026, with significant growth across both Music Publishing and Recorded Music segments. Strategic highlights included the acquisition of Miles Davis's catalog, expansion into India with PopIndia, and new deals with artists like Hans Zimmer and Joni Mitchell. For fiscal year 2027, Reservoir Media anticipates mid-single-digit top- and bottom-line growth, with revenue guidance of $186M - $191M and Adjusted EBITDA guidance of $75M - $79M.
Key Highlights
- FY26 Revenue increased 11% to $175.7 million, with organic growth of 6%.
- FY26 Adjusted EBITDA rose 12% to $73.6 million.
- FY26 Net Income was $7.8 million, or $0.13 per diluted share.
- Q4 2026 Revenue grew 15% to $47.5 million, with organic growth of 12%.
- Q4 2026 Adjusted EBITDA increased 16% to $21.2 million.
- Music Publishing Revenue increased 9% in FY26 and 11% in Q4 2026.
- Recorded Music Revenue increased 16% in FY26 and 27% in Q4 2026.
- Acquired the publishing catalog and recorded music rights of Miles Davis.
- Initiated FY27 Revenue guidance of $186M - $191M (7% growth at midpoint).
- Initiated FY27 Adjusted EBITDA guidance of $75M - $79M (5% growth at midpoint).
Price Impact
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