{"id":9522,"date":"2026-02-05T17:33:18","date_gmt":"2026-02-05T17:33:18","guid":{"rendered":"https:\/\/www.billboard.com\/?post_type=pmc_list&p=1236170610"},"modified":"2026-02-05T17:33:18","modified_gmt":"2026-02-05T17:33:18","slug":"publishing-briefs-reservoir-posts-strong-quarter-plus-tropicalia-legend-joins-primary-wave","status":"publish","type":"post","link":"https:\/\/sarmiento24h.com\/?p=9522","title":{"rendered":"Publishing Briefs: Reservoir Posts Strong Quarter \u2014 Plus, Tropic\u00e1lia Legend Joins Primary\u00a0Wave"},"content":{"rendered":"

Reservoir Media<\/strong> has posted steady third\u2011quarter gains on the strength of its publishing division and lifted its full\u2011year outlook, underscoring the company\u2019s bet on copyrights and global collections.<\/p>\n

Revenue for the quarter ended Dec. 31 rose 8% to $45.6 million, while adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 11% to $19.2 million. Net income fell to $2.2 million from $5.3 million a year ago, largely due to swap valuation and interest expense, adding that the dip was \u201cpartially offset by an increase in operating income and a decrease in income tax expense.\u201d<\/p>\n

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Publishing remained the core engine: segment revenue climbed 12% to $30.1 million, powered by a 42% surge in performance income and continued gains in digital, aided by catalog acquisitions and streaming growth. Publishing operating income before depreciation and amortization (OIBDA) jumped 21% to $11 million, with margin expanding to 37% as costs eased. Synchronization revenue grew 11% to $4.6 million, partially offsetting declines in mechanical royalties.<\/p>\n

Recorded Music delivered an 8% increase to $12.9 million, led by 15% growth in digital and a 29% jump in neighboring rights, while physical and sync revenue softened. Recorded Music OIBDA improved 5% to $6.7 million, with margin edging to 52% despite higher costs.<\/p>\n

Management highlighted a \u201cdisciplined\u201d approach to dealmaking and a diversified pipeline. During the quarter, Reservoir struck a JV with Jamaican publisher Abood Music and producer Cordell \u201cSkatta\u201d Burrell; acquired the catalog of yacht rock songwriter Bertie Higgins (for publishing and recorded music rights); signed publishing deals with Say She She, Allison Veltz Cruz and Britten Newbill; and extended its agreement with Indian hip\u2011hop star DIVINE.<\/p>\n

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Citing momentum in publishing, Reservoir raised its FY26 guidance to $170\u2013$173 million in revenue and $71.5\u2013$73.5 million in adjusted EBITDA.<\/p>\n

\u201cThis quarter, we continued to execute with focus and discipline, advancing our top-line objectives while maintaining strong cost and balance sheet control,\u201d said CEO Golnar Khosrowshahi<\/strong>. \u201cAcross a range of new deals this quarter, spanning emerging talent and enduring cultural icons, and with our commitment to creators at the forefront of everything we do, Reservoir remains a trusted global partner.\u201d<\/p>\n

Check out the rest of this week\u2019s publishing news below<\/strong>:<\/p>\n