Reservoir Generates $45.4 Million in Calendar Q3

New York-headquartered music company Reservoir Media has published its calendar Q3 financial results for the three months ended September 30, 2025 (the company’s fiscal Q2 2026).

Topline Q2 figures:

• Reservoir generated $45.4 million, representing 12% YoY growth, or 7% organically excluding acquisitions.

• The revenue growth was a result of an 8% YoY rise in music publishing revenue, and a 21% YoY rise in recorded music revenue.

• Operating income was up 6% YoY to $10.7 million.

• Operating Income Before Depreciation and Amortization (OIBDA) was up 10% to $18.2 million.

• Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) jumped 10% YoY to $19.4 million.

Notable Q2 deals:

• The acquisition of Miles Davis’ publishing catalog, valued at between $40-$60 million.

• An extended publishing deal for the catalog of Nick Drake, as well as a deal to represent the catalog of Nick’s mother Molly Drake, together with Blue Raincoat Music Publishing.

• Several emerging markets deals in conjunction with PopArabia.

• Publishing deals with songwriter Emily Reid, GRAMMY-nominated songwriter-producer Dave Pittenger, and Bobby Vinton.

Fiscal 2026 guidance:

• The company has raised its fiscal 2026 guidance.

• It now expects revenue of $167-$170 million, up from the previous guidance of $164-$169 million.