Top Line Growth
Reservoir Media reported an 8% top line growth for Q1 FY2026, with 5% coming organically. This aligns with their full-year projections.
Investment in Lightroom
Reservoir Media announced an investment in London-based entertainment company Lightroom, which expands their portfolio into the immersive entertainment industry, valued at $133 billion in 2024 and expected to reach $473 billion by 2030.
Acquisition of Fool's Gold Records
The company acquired the master rights to catalogs of 5 artists from Fool's Gold Records, enhancing their recorded music segment with well-known hits.
Sustained Client Retention
Reservoir extended their publishing deal with Grammy Award-winning songwriter-producer Khris Riddick-Tynes and renewed their agreement with music icon Joni Mitchell.
Improved Financial Metrics
OIBDA increased by 12% year-over-year to $12.8 million, and adjusted EBITDA increased by 10% to $13.9 million.