Reservoir Media has printed its fiscal This fall (calendar Q1) and full-year monetary outcomes for its fiscal 2026, ended March 31, 2026.
The New York-headquartered firm reported income of $175.7 million for its fiscal 2026, which represents a rise of 6% YoY on an natural foundation or 11% YoY when together with acquisitions all through the fiscal yr.
That’s up from the $158.7 million in income Reservoir generated within the prior fiscal yr.
Reservoir‘s Working Earnings grew 9% YoY to succeed in $38.2 million throughout its fiscal 2026 (the 12 months ending March 31).
The corporate’s Adjusted EBITDA was up 12% YoY to $73.6 million in its fiscal 2026 (see beneath).
For fiscal This fall (calendar Q1), Reservoir reported revenues of $47.5 million, marking a rise of 12% YoY on an natural foundation, or 15% YoY together with acquisitions YoY.
The corporate’s Working Earnings reached $11.8 million in calendar Q1, up 13% YoY.
Adjusted EBITDA elevated 16% YoY to $21.2 million in calendar Q1.
Reservoir highlighted a number of offers executed throughout its full fiscal 2026, together with the acquisition of the publishing catalog of Miles Davis, and a worldwide publishing administration take care of movie composer Hans Zimmer and his firm, Distant Management Publishing, extending a relationship that started in 2015.
The corporate additionally prolonged publishing offers with Joni Mitchell and songwriter/producer Khris Riddick-Tynes, and struck a multi-faceted take care of impartial file label Idiot’s Gold Data, together with buying catalog grasp rights of a number of of the label’s artists and an unique partnership to market and distribute all different recordings on Idiot’s Gold by way of the Reservoir label platform.
“Fiscal 2026 was a milestone yr as we deployed roughly $120 million throughout acquisitions and advances for each publishing and recorded rights.”
Golnar Khosrowshahi, Reservoir
In a word to traders on Thursday (Might 28), Golnar Khosrowshahi, Founder and Chief Govt Officer of Reservoir Media, stated: “Fiscal 2026 was one other standout yr for Reservoir, marked by robust development and continued strategic funding.
“We expanded our catalog throughout publishing and recorded music, scaled our presence in high-growth worldwide markets, and bolstered our fame because the associate of selection for main creators.
“This momentum is mirrored in our partnerships with iconic expertise and catalogs, together with Miles Davis, Hans Zimmer, Joni Mitchell, and plenty of extra.”
“Our full-year 2026 outcomes underscore the power and resilience of our portfolio, with development pushed by a disciplined strategy to each investments and value.”
Jim Heindlmeyer, Reservoir
Khosrowshahi revealed on the corporate’s earnings name on Thursday (Might 28) that Reservoir deployed roughly $120 million throughout acquisitions and advances in fiscal 2026.
“Fiscal 2026 was a milestone yr as we deployed roughly $120 million throughout acquisitions and advances for each publishing and recorded rights,” stated Khosrowshahi on the decision. “This enabled us to retain distinctive creators, signal main modern hitmakers, and additional develop and diversify our catalog by style, by period, and geographic illustration.”
Reservoir additionally expanded its worldwide footprint in the course of the fiscal yr with the launch of PopIndia, a Mumbai-based subsidiary, signing singer, songwriter, and YouTube star Yohani and buying the publishing and grasp rights to the whole Musicraft Leisure catalog.
The corporate’s subsidiary PopArabia acquired indie label and digital distribution firm Viral Wave in April.
Reservoir additionally introduced new publishing offers with nation/pop songwriter Allison Veltz Cruz, songwriter-producer Britten Newbill, U.Okay. singer-songwriter Benjamin Francis Leftwich, and Nashville singer-songwriter Sam Tinnesz.
Within the word to traders, Khosrowshahi continued: “Wanting forward, the outlook for the music business stays extremely compelling.
“With a sturdy deal pipeline and a monetary profile that helps each natural development and disciplined capital deployment, we’re properly positioned to increase our observe file of development.
“As we enter Fiscal 2027, we stay centered on delivering for our creators and producing long-term worth for shareholders.”
Music Publishing
Reservoir‘s Music Publishing Income elevated 11% YoY to $30.9 million in calendar Q1.
The corporate reported that the rise was “largely pushed by increased Digital income and Synchronization income, which was partially offset by decrease Efficiency income.”
Digital revenues grew 24% YoY to $16.9 million in calendar Q1.
Elsewhere inside Music Publishing, in calendar Q1, Reservoir generated Synchronization revenues of $5.8 million, which was up 6% YoY.
Efficiency revenues reached $5.5 million in calendar Q1, down 16% YoY, whereas Mechanical revenues reached $1.3 million, up 16% YoY.
Reservoir‘s Music Publishing Income in its full fiscal 2026 was $116.8 million, representing a rise of 9% YoY in comparison with $107.4 million in fiscal 2025.
Progress for the total fiscal yr was pushed by Digital income in addition to double-digit positive aspects in Efficiency and Different income, whereas all different income varieties grew however to a lesser extent.
Recorded Music
In Reservoir‘s Recorded Music phase, in calendar Q1, revenues elevated 27% YoY to succeed in $15.2 million.
Recorded Music Income in Reservoir‘s full fiscal 2026 was $51.5 million, a rise of 16% YoY in comparison with $44.3 million within the prior yr.
Based on Reservoir, development in each intervals was pushed by “a double-digit enchancment inside Digital revenues and robust development in Synchronization revenues, which have been partially offset by decrease Bodily income in fiscal 2026.”
The outcomes arrive at a important juncture for the corporate, which in March disclosed competing unsolicited takeover proposals from Irenic Capital Administration – at $10 to $11 per share – and from present shareholders Wesbild Inc. and Richmond Hill Investments, at $10.50 per share.
A Particular Committee of impartial administrators was fashioned to judge each proposals, and on Might 1 introduced it had retained Morgan Stanley as its monetary advisor and Wachtell, Lipton, Rosen & Katz as its authorized counsel.
On the earnings name, Khosrowshahi stated the corporate had “no further updates to share” on the proposals and would “present additional info as acceptable.”
When it comes to steering, Reservoir‘s forecast for the corporate’s fiscal 2027, ending March 31, 2027, initiatives revenues of between $186 million and $191 million.
Reservoir additionally forecasts Adjusted EBITDA of between $75 million and $79 million.
Jim Heindlmeyer, Chief Monetary Officer of Reservoir, stated: “Our full-year 2026 outcomes underscore the power and resilience of our portfolio, with development pushed by a disciplined strategy to each investments and value.
“Waiting for fiscal 2027, we’re properly positioned for continued development because of the power of our catalog and our confirmed means to unlock further worth.
“That is mirrored in our steering for 7% Income development and 5% Adjusted EBITDA development on the midpoints.”Music Enterprise Worldwide
