Reservoir Media Announces Third Quarter Fiscal 2026 Results

Core Insights - Reservoir Media, Inc. reported a revenue of $45.6 million for Q3 fiscal 2026, reflecting a 5% organic growth and an 8% increase when including acquisitions [1] - The company experienced a 12% year-over-year growth in Music Publishing Revenue and an 8% increase in Recorded Music Revenue [1] - Operating Income rose to $10.3 million, an 8% increase year-over-year, while OIBDA increased by 11% to $18.1 million [1] - Net Income was reported at $2.2 million, or $0.03 per share, down from $5.3 million, or $0.08 per share year-over-year [1] - Adjusted EBITDA reached $19.2 million, marking an 11% increase year-over-year [1] Business Developments - The company entered a joint venture with Abood Music, a Jamaican and dancehall music publisher, and genre star Cordell "Skatta" Burrell [1] - Reservoir acquired the catalog of yacht rock icon Bertie Higgins, which includes both publishing and recorded music rights [1] - New publishing deals were announced with female-led disco-soul group Say She She, 2x-Platinum selling songwriter Allison Veltz Cruz, and multi-genre songwriter-producer Britten Newbill [1] - The company extended its publishing agreement with multi-platinum Indian hip-hop artist DIVINE [1] Management Commentary - The CEO of Reservoir Media emphasized the company's focus and discipline in executing top-line objectives while maintaining strong cost and balance sheet control [1]