Reservoir Media Earnings Call Transcripts
Fiscal Year 2026
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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.