The present technology relates to a reproduction device, reproduction method, and recording medium that enable graphics with an appropriate brightness to be displayed on a video having a wide dynamic range of brightness. A recording medium, on which the reproduction device of one aspect of the present technology performs reproduction, records coded data of an extended video that is a video having a first brightness range that is wider than a second brightness range, brightness characteristic information that represents a brightness characteristic of the extended video, and graphics data that is superimposed on the extended video and that has the second brightness range. The reproduction device converts a first pixel value of the graphics to a second pixel value in the brightness characteristic of the extended video represented by the brightness characteristic information, and synthesizes the extended video. The present technology can be applied to players that reproduce contents.