Reservoir Media Q3 revenue rises 8%, raises FY26 outlook

Reservoir Media

04/02/2026 12:12

Overview

Music company reported fiscal Q3 revenue up 8% yr/yr

Net income for fiscal Q3 fell due to swap losses and higher interest expenses

Company raised fiscal 2026 revenue and adjusted EBITDA outlook

Outlook

Reservoir raises fiscal 2026 revenue guidance to $170 mln - $173 mln

Company boosts fiscal 2026 adjusted EBITDA forecast to $71.5 mln - $73.5 mln

Reservoir attributes positive outlook to strong talent portfolio and disciplined deal sourcing

Result Drivers

MUSIC PUBLISHING GROWTH - Music Publishing revenue rose 12% yr/yr, driven by performance and digital revenues from hit songs and catalog acquisitions

RECORDED MUSIC INCREASE - Recorded Music revenue increased 8% yr/yr, supported by digital revenue growth and neighboring rights

NEW DEALS AND VENTURES - Entered joint venture with Abood Music and signed new publishing deals, enhancing revenue streams

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$45.57 mln
$42.63 mln (2 Analysts)
Q3 EPS
$0.03
Q3 Net Income
$2.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the entertainment production peer group is "buy"

Wall Street's median 12-month price target for Reservoir Media Inc is $13.25, about 83.5% above its February 3 closing price of $7.22

The stock recently traded at 67 times the next 12-month earnings vs. a P/E of 53 three months ago

Press Release: ID:nACSWC18Sa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)