Reservoir Media(US:RSVR)2026-02-04 13:00Financial Performance - Total revenue for Q3 FY26 was $45.6 million, an 8% increase from $42.3 million in Q3 FY25, driven by a 12% rise in Music Publishing revenue and an 8% increase in Recorded Music revenue [5]. - Operating income increased to $10.3 million, up 8% year-over-year, while OIBDA rose 11% to $18.1 million [4]. - Net income decreased to $2.2 million, or $0.03 per share, down 59% from $5.3 million, or $0.08 per share in the prior year, primarily due to a loss on fair value of swaps and increased interest expenses [7]. - Adjusted EBITDA for Q3 FY26 was $19.2 million, reflecting an 11% increase compared to $17.3 million in Q3 FY25 [4]. - Revenues for the three months ended December 31, 2025, increased by 8% to $45,567,879 compared to $42,303,716 in the same period of 2024 [22]. - Operating income for the three months ended December 31, 2025, rose by 8% to $10,327,462, up from $9,557,957 in the prior year [22]. - Net income attributable to Reservoir Media, Inc. for the three months ended December 31, 2025, was $2,195,985, a decrease from $5,244,091 in the same period of 2024 [22]. - OIBDA for the three months ended December 31, 2025, was $18,117, an increase from $16,272 in the same period of 2024 [32]. - The company reported a 9% increase in revenues for the nine months ended December 31, 2025, totaling $128,167,223 compared to $117,287,952 in the same period of 2024 [22]. - Adjusted EBITDA for the nine months ended December 31, 2025, reached $52,461 million, compared to $47,504 million for the same period in 2024, indicating an increase of 10.3% [38]. Revenue Breakdown - Music Publishing revenue reached $30.1 million, a 12% increase year-over-year, with Performance revenue up 42% and Digital revenue increasing by 5% [8]. - Recorded Music revenue was $12.9 million, an 8% increase year-over-year, driven by a 15% rise in Digital revenue and a 29% increase in Neighboring Rights revenue [11]. - Revenues for the three months ended December 31, 2025, increased to $12,873 million, up from $11,964 million in the same period of 2024, representing a growth of 7.6% [36]. Expenses and Liabilities - Administration expenses for the three months ended December 31, 2025, increased by 3% to $11,253,191 from $10,964,096 in the prior year [22]. - Cost of revenue for the three months ended December 31, 2025, was $3,581 million, up from $3,337 million in 2024, marking an increase of 7.3% [36]. - Administration expenses for the three months ended December 31, 2025, rose to $2,565 million, compared to $2,229 million in 2024, reflecting an increase of 15.1% [36]. - Total liabilities increased to $567,104,783 as of December 31, 2025, compared to $498,927,228 as of March 31, 2025 [24]. Cash and Liquidity - As of December 31, 2025, total available liquidity was $114.8 million, with total debt at $452.3 million [14]. - Cash and cash equivalents as of December 31, 2025, were $20,591,354, a decrease from $21,386,140 as of March 31, 2025 [24]. Strategic Developments - The company entered a joint venture with Abood Music and acquired the catalog of Bertie Higgins, enhancing its portfolio [4]. - Reservoir raised its fiscal year 2026 revenue guidance to a range of $170 million to $173 million, representing an 8% growth [15]. Shareholder Information - The weighted average common shares outstanding for the three months ended December 31, 2025, were 66,331,466, compared to 66,106,474 in the same period of 2024 [22].