Reservoir Media Stock Earnings Reports

Reservoir Media reported Q1 FY2026 results in line with company guidance: total revenue of $37.2 million (organic growth ~5%, overall growth 8% including acquisitions). Segment performance: Music Publishing revenue +4% to $24.9M (driven by sync and stage-rights timing) and Recorded Music revenue +8% to $10.4M (digital/streaming growth offset by lower sync and physical). Profitability: OIBDA rose 12% to $12.8M and adjusted EBITDA rose 10% to $13.9M. Net loss was ~$0.6M (diluted loss per share $0.01). Operating highlights include the strategic investment in immersive-entertainment company Lightroom (single-digit equity stake) and the acquisition of master rights/partnership with indie label Fool's Gold; they also renewed key publishing relationships (e.g., Khris Riddick-Tynes, Joni Mitchell). Balance sheet and liquidity: cash from operations $6M; total available liquidity $173M (cash $14.8M + $158.2M revolver availability); total debt $387.4M (net debt $372.5M). The company increased its revolver to $550M to support M&A. Management reiterated full-year guidance: revenue $164M–$169M (midpoint ~+5% YoY) and adjusted EBITDA $68M–$72M (midpoint ~+7% YoY). Management emphasized a robust M&A pipeline (~$1B) and a disciplined, opportunistic acquisition strategy focused on high-return deals, with an even split of opportunities between publishing and recorded music.