Reservoir Media Posts 11% Revenue Growth, Deploys $120M in Acquisitions
RSVR•Reservoir Media delivered fiscal 2026 revenue growth of 11% with 6% organic growth and 12% adjusted EBITDA expansion, fueled by $120 million deployed into acquisitions and advances. Administrative costs rose 16% and interest expenses increased to $26.5 million, driven by acquisition-related debt and the lower-margin ViralWave acquisition.
1. Fiscal 2026 Performance
In fiscal 2026, Reservoir Media achieved 11% total revenue growth, including 6% organic expansion, and grew adjusted EBITDA by 12%, driven by strength in its sync business with a 5% lift in publishing and 39% increase in recorded music revenues.
2. Strategic Acquisitions and Expansion
The company deployed roughly $120 million into acquisitions and advances to enhance its catalog, launched a subsidiary in India, acquired a label in the MENA region, and was included in a full-year Top 10 market share ranking.
3. Cost Structure and Margin Impact
Administrative expenses climbed 16% year-over-year and interest costs rose to $26.5 million due to acquisition-related debt, with the lower-margin ViralWave acquisition weighing on overall EBITDA margins.
4. CRB 5 Proceedings Outlook
Reservoir Media remains engaged in the CRB 5 royalty rate proceedings with no material updates, maintaining conservative guidance that excludes any potential upside from favorable negotiation outcomes.




