Reservoir Media Reports 10% Revenue Growth, Expands International Catalog

Reservoir Media, Inc. reported strong financial performance for fiscal 2025, with a 10% increase in annual revenue to $158.7 million and an 18% rise in adjusted EBITDA to $65.7 million, surpassing guidance expectations. The company strategically deployed over $115 million towards acquisitions and advances, securing significant music publishing deals with artists such as Snoop Dogg and k.d. lang, and expanding its international footprint with acquisitions like Omar Kamal's catalog and the U.K. label New State. Revenue growth was driven by gains in both music publishing and recorded music segments, with digital revenues and synchronization licenses showing notable increases, despite declines in physical sales and some performance revenues. CEO Golnar Khosrowshahi emphasized the music industry's resilience and Reservoir's ability to capitalize on organic growth and strategic investments. However, the first quarter earnings per share slightly missed analyst estimates, reflecting some market challenges despite strong revenue. Overall, Reservoir Media's robust financial health and strategic expansion initiatives position it well for future growth in the competitive music industry.