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Message: [QUOTE="Queen, post: 86371, member: 27"] 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 [LIST] [*]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. [/LIST] Music publishing breakdown [LIST] [*]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. [/LIST] Recorded music performance [LIST] [*]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%. [/LIST] New catalog and artist deals [LIST] [*]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. [/LIST] Emerging market and new talent moves [LIST] [*]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. [/LIST] Raised fiscal 2026 guidance [LIST] [*]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. [/LIST] [/QUOTE]

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