Reservoir Media Inc. reported its first quarter fiscal 2026 results, highlighting strong performances across its business segments. Total revenue increased by 8% year-over-year to $37.2 million, driven by acquisitions and organic growth. Music Publishing revenue grew by 4% to $24.9 million, while Recorded Music revenue rose by 8% to $10.4 million. The company also reported a 10% increase in operating income to $5.4 million and a 12% rise in OIBDA to $12.8 million. Despite these positive results, Reservoir Media recorded a net loss of $0.6 million, or $0.01 per share, compared to a net loss of $0.5 million in the previous year. The net loss was attributed to higher interest expenses and losses on fair value swaps. Adjusted EBITDA saw a 10% increase to $13.9 million. Reservoir's significant investments include the acquisition of master rights from Fool's Gold Records and an investment in the immersive entertainment company Lightroom. The company maintains its fiscal 2026 outlook, expecting revenues between $164 million and $169 million and adjusted EBITDA growth of 6% at the midpoint. Founder and CEO Golnar Khosrowshahi commented on the company's focus on capital deployment and value enhancement, emphasizing strong momentum as they enter the second fiscal quarter.