Reservoir Media Posts 43% Operating Income Jump In Fiscal 2025

New York headquartered music rights company Reservoir Media has revealed impressive growth in its fiscal Q4 (calendar Q1) and fiscal full-year financial results, ended March 31, 2025.

Fiscal 2025 results – a snapshot:

• Revenue of $158.7 million, an increase of 7% YoY on an organic basis, or 10% including acquisitions YoY.

• Music publishing revenue increased 12% YoY to $107.4 million.

• Recorded music revenue increased 4% YoY to $44.3 million.

• Operating income grew 43% YoY to $35.1 million.

• The adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) was up 18% to $65.7 million in the same period.

Fiscal 2025 highlights:

• Publishing deals with Snoop Dogg and Death Row Records, k.d. lang, Wrabel, Travis Heidelman and Omar Kamal, among others

• Acquired the publishing catalogs of Lastrada Entertainment, Big D Evans, and Billy Strange.

• Struck deals for rights to the publishing catalog of Lebo M and recorded music catalog of Jack Douglas.

Q4 results – a snapshot:

• Revenue of $41.4 million, an increase of 4% organically, or 6% including acquisitions YoY.

• Music publishing revenue increased 6% YoY to $27.9 million.

• Recorded music revenue increased 7% YoY to $12 million.

• Operating income reached $10.4 million in fiscal Q4 (calendar Q1), up 19% YoY.

• Adjusted EBITDA was up 14% YoY to $18.2 million in calendar Q1.

Q4 highlights:

• Expanded recorded music business with the acquisition of UK dance and electronic label New State.

• Signed publishing deal with Grammy-nominated R&B songwriter and performer El DeBarge.

• Launched Off Road Records in partnership with hit country writer-producer David Fanning.

• Strengthened international footprint with new Mumbai-based subsidiary, PopIndia, and a publishing deal with YouTube star Yohani.