An 8% year-over-year revenue bump pushed Reservoir Media's quarterly earnings to $45.6 million, and the company responded by raising its full-year outlook.
Reservoir Media's fiscal Q3 2026 numbers
Reservoir Media's fiscal Q3 2026 numbers
- Reservoir Media pulled in $45.6 million for the three months ending December 31, 2025.
- Organic growth clocked in at 5% after stripping out acquisitions.
- Operating income landed at $10.3 million, an 8% year-over-year climb.
- Adjusted EBITDA rose 11% to $19.2 million for the quarter.
- Publishing revenue reached $30.1 million, reflecting a 12% year-over-year increase.
- Performance revenue jumped 42% to $6.2 million.
- Sync revenue grew 11% to $4.6 million, while mechanicals dropped 37%.
- OIBDA for that segment surged 21% to $11 million.
- Reservoir's recorded music arm generated $12.9 million, up 8% year over year.
- Digital revenue in that division climbed 15% to $9.3 million.
- Neighboring rights revenue spiked 29% to $1.1 million.
- Physical sales slipped 6%, and sync revenue fell 47%.
- Gladys Knight signed on for both publishing and master recording income streams.
- T.I. inked a deal covering his entire publishing back catalog and future works.
- Bertie Higgins' yacht-rock catalog got acquired, spanning publishing and recorded music rights.
- A joint venture with Abood Music and Cordell Burrell targets Jamaican dancehall catalog acquisitions.
- DIVINE's publishing agreement was extended through Reservoir's Indian subsidiary, PopIndia.
- Say She She, Allison Veltz Cruz, and Britten Newbill all landed publishing deals.
- CEO Golnar Khosrowshahi flagged emerging markets for their lower acquisition multiples.
- Revenue projections got bumped to $170 million-$173 million, representing 8% growth at the midpoint.
- Adjusted EBITDA guidance moved up to $71.5 million-$73.5 million.
- CFO Jim Heindlmeyer pointed to strong portfolio fundamentals behind the raise.
