Reservoir Media Logs 11% FY26 Revenue Growth To $175.7M And Acquires Miles Davis Catalog
RSVR•Reservoir Media posted fiscal 2026 revenue of $175.7 million, up 11%; Operating Income rose 9% to $38.2 million and Adjusted EBITDA rose 12% to $73.6 million. Q4 revenue grew 15% to $47.5 million while net income jumped 49% to $4.1 million on 11% publishing and 27% recorded music growth.
1. Fiscal 2026 Financial Highlights
Reservoir Media recorded full-year fiscal 2026 revenue of $175.7 million, an 11% increase including acquisitions, driven by 9% music publishing and 16% recorded music growth. Operating Income rose 9% to $38.2 million, OIBDA climbed 12% to $69.0 million, Net Income reached $7.8 million ($0.13 per share) and Adjusted EBITDA hit $73.6 million, up 12%.
2. Q4 2026 Performance
In the fourth quarter, revenue increased 12% organically and 15% including acquisitions to $47.5 million, with publishing revenue up 11% to $30.9 million and recorded music revenue up 27% to $15.2 million. Operating Income grew 13% to $11.8 million, OIBDA rose 16% to $19.9 million, Net Income jumped 49% to $4.1 million ($0.07 per share) and Adjusted EBITDA reached $21.2 million, up 16%.
3. Strategic Acquisitions and International Expansion
During fiscal 2026 Reservoir acquired the Miles Davis publishing catalog, rights to his recordings and likeness, and expanded its Recorded Music division through a partnership with Fool’s Gold Records. The company also reinforced deals with Hans Zimmer, Joni Mitchell and Khris Riddick-Tynes while launching PopIndia in India and PopArabia’s acquisition of MENA distributor Viral Wave Management.
4. Fiscal 2027 Outlook
Reservoir expects mid-single-digit top-and bottom-line growth in fiscal 2027, supported by a robust deal pipeline, ongoing catalog acquisitions and international market expansion. Management emphasized disciplined capital deployment to sustain organic growth and generate long-term shareholder value.
