Reservoir Media Earnings Call Transcripts
Fiscal Year 2027
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Q1 2027 saw 12% revenue growth (6% organic), driven by acquisitions and strong recorded music performance. Guidance for FY27 is maintained, with robust liquidity and continued investment in high-growth markets and creative talent.
Fiscal Year 2026
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The meeting covered strong financial growth, major catalog acquisitions, and global expansion initiatives. All voting items, including director elections and auditor ratification, passed by majority. Two unsolicited proposals to purchase the company are under review by a special committee.
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Revenue grew 11% and adjusted EBITDA 12% in FY26, driven by acquisitions and international expansion. Guidance for FY27 anticipates continued growth, with a slight EBITDA margin step-down due to lower-margin deals and investments.
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Q3 saw 5% organic revenue growth and strong segment gains, driven by acquisitions and digital revenue. Full-year guidance was raised, with continued robust M&A activity expected and a focus on emerging markets and premium assets.
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Q2 FY26 saw 12% revenue growth, driven by organic expansion and acquisitions, with strong gains in both music publishing and recorded music. Guidance for FY26 was raised, reflecting confidence in continued growth and a robust deal pipeline, including the high-profile Miles Davis acquisition.
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Q1 FY26 saw 8% revenue growth (5% organic), strong EBITDA gains, and strategic expansion into immersive entertainment and indie label acquisitions. Guidance for FY26 was reaffirmed, with a robust M&A pipeline and increased credit facility supporting future growth.
Fiscal Year 2025
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Fiscal 2025 saw 10% revenue and 18% adjusted EBITDA growth, driven by strategic M&A, international expansion, and strong catalog performance. Guidance for 2026 is conservative, with revenue expected between $164–$169 million and continued focus on emerging markets and opportunistic capital deployment.
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Q3 FY2025 revenue rose 19% year-over-year to $42.3 million, with adjusted EBITDA up 26% and net income of $5.3 million. Raised full-year guidance on both revenue and EBITDA, driven by strong catalog acquisitions, streaming growth, and operational leverage.
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Revenue grew 6% year-over-year to $40.7 million, led by music publishing and major catalog acquisitions. Adjusted EBITDA rose 11%, and guidance for both revenue and EBITDA was raised for fiscal 2025. The pipeline remains strong, with robust liquidity and continued focus on value-enhancing deals.
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Q1 FY25 revenue rose 8% to $34.3M, led by 15% growth in music publishing and strong digital gains. Adjusted EBITDA increased 25%, and full-year guidance was maintained, with a robust M&A pipeline and continued international expansion highlighted.