Reservoir Media, Inc.

Reservoir Media, Inc. announced its Board formed a special committee to evaluate two unsolicited, non-binding acquisition proposals. Irenic Capital Management LP proposed to acquire all outstanding equity for $10.00-$11.00 per share, while Richmond Hill and Wesbild proposed $10.50 per share for shares not already owned. For the fiscal year ended March 31, 2026, the company reported approximately $117 million in Music Publishing revenue and $52 million in Recorded Music revenue. The company continues to focus on strategic acquisitions and expanding its roster, leveraging growth in streaming and emerging markets.

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.