Reservoir Media posts record fiscal 2026 revenue on streaming, catalog growth

Reservoir Media (NASDAQ:RSVR) reported record financial results for fiscal year 2026, driven by double-digit growth across both its publishing and recorded music segments alongside aggressive international expansion and legacy catalog acquisitions.

The New York-based independent music company generated full-year revenue of $175.7 million, representing an 11% increase compared to the prior fiscal year.

Adjusted EBITDA rose 12% year-over-year to $73.6 million, reflecting robust operational margins as streaming consumption and synchronization licensing continued to scale.

Net income for the fiscal year edged up to $7.8 million, or $0.13 per share, compared with $7.7 million recorded in the previous year.

A breakdown of operations shows broad-based momentum across the company's core business units.

Revenue from the cornerstone Music Publishing division climbed 9% to $116.8 million, sustained by digital performance royalties and domestic synchronization deals.

The Recorded Music segment grew at an even faster pace, surging 16% year-over-year to $51.5 million, fueled by physical reissues and catalog monetization on global digital service providers.

Reservoir continued to deploy capital into enduring intellectual property and high-growth emerging markets during the period.

The company's premier asset acquisition of the year was the historic master and publishing catalog of jazz icon Miles Davis.

On the global front, the company expanded its presence in developing regions through its PopIndia initiative and PopArabia’s specialized "Viral Wave" division, while further diversifying its domestic portfolio through a strategic partnership deal with electronic and hip-hop label Fool’s Gold Records.

Looking forward, management issued an optimistic outlook for fiscal year 2027, signaling expectations for sustained market share gains.

For the upcoming fiscal year, Reservoir expects total revenue to fall between $186 million and $191 million.

Full-year Adjusted EBITDA is projected to land within a range of $75 million to $79 million, driven by the ongoing integration of newly acquired catalogs and stable structural growth in global music streaming.