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Reservoir Media has printed its fiscal This autumn (calendar Q1) and full-year monetary outcomes for its fiscal 2025, ended March 31, 2025.
The New York-headquartered firm reported income of $158.7 million for its fiscal 2025, which represents a rise of 7% YoY on an natural foundation or 10% YoY when together with acquisitions all through the fiscal 12 months.
Reservoir’s working Earnings grew 43% YoY to succeed in $35.1 million throughout its fiscal 2025 (the 12 months ending March 31).
The corporate’s adjusted EBITDA was up 18% YoY to $65.7 million in its fiscal 2025.
For fiscal This autumn (calendar Q1), Reservoir reported revenues of $41.4 million, marking a rise of 4% YoYon an natural foundation, or 6% YoY together with acquisitions year-over-year.
The corporate’s working revenue reached $10.4 million in calendar Q1, up 19% YoY.
Adjusted EBITDA elevated 14% YoY to $18.2 million in calendar Q1.
Reservoir highlighted a number of offers executed throughout its full fiscal 2025 and financial This autumn, signing publishing agreements with Snoop Dogg and Loss of life Row Information,Ok.D. lang, Wrabel, Travis Heidelman, Jon Decious, Aaron Zuckerman, Jeff Trott, Lewis Thompson, and Omar Kamal, amongst others.
The corporate additionally struck offers for rights to the publishing catalog of Lebo M and recorded music catalog of Jack Douglas, and purchased the publishing catalogs of Lastrada Leisure, Large D Evans, and Billy Unusual.
Credit score: Becky Yee
“Fiscal 2025 was a 12 months marked by vital strategic capital deployment, increasing Reservoir’s portfolio and geographic footprint.”
In a word to buyers immediately (Might 28), Golnar Khosrowshahi, Founder and Chief Govt Officer of Reservoir Media, mentioned that the corporate’s, “Fiscal 2025 was a 12 months marked by vital strategic capital deployment, increasing Reservoir’s portfolio and geographic footprint”.
Added Khosrowshahi: “Along with notable publishing offers with Snoop Dogg, ok.d. lang, and lots of extra, we executed a number of necessary acquisitions throughout the publishing and recorded companies.
“Specifically, the additions of U.Ok. dance and digital label New State and publishing catalog Lastrada Leisure have been key scale drivers of development, showcasing the workforce’s depth of experience and our platform’s strong infrastructure for ingesting significant large-scale catalogs.”
Khosrowshahi revealed on the corporate’s earnings name that Reservoir deployed over $115 million in the direction of acquisitions and advances in fiscal 2025.
Reservoir additionally expanded into India in calendar Q1 through its new Mumbai-based subsidiary, PopIndia; and struck a publishing take care of YouTube star Yohani.
PopIndia struck its first catalog deal in India on Might 15 (introduced in calendar Q2, or Q1 of Reservoir’s Fiscal 2026), buying the publishing and grasp rights to your entire Musicraft Leisure catalog.
Within the word to buyers issued on Wednesday, Khosrowshahi added: “Following this previous 12 months’s double-digit topline development, we now have begun fiscal 2026 with monetary and operational power. The latest launch of our new subsidiary, PopIndia, positions us to additional amplify Reservoir’s worldwide presence.
“With experience now primarily based in Mumbai, we look ahead to constructing on our present efforts throughout the Center East and North Africa, and bolstering our repute as best-in-class companions in these markets.
“Whether or not signing energetic writers, buying property or increasing territories, we stay agency in our overarching technique to determine high-quality property with vital return potential whereas sustaining a prudent method to value administration.”
Music Publishing
Reservoir’s Music Publishing Income elevated 6% YoY to $27.9 million in calendar Q1.
The corporate reported that the rise was “largely pushed by increased Synchronization income which was partially offset by decrease Efficiency and Mechanical Income”.
Sync revenues grew 51% YoY to $5.5 million in calendar Q1.
Elsewhere inside music publishing, in calendar Q1, Reservoir generated ‘Digital’ revenues of $13.6 million, which was up 5% YoY.
Efficiency revenues reached $6.5 million in calendar Q1, down 13% YoY, whereas mechanical revenues reached $1.2 million, down 6% YoY.
Reservoir’s music publishing Income in its full fiscal 2025 was $107.4 million, representing a rise of 12% YoY in comparison with $96.2 million in fiscal 2024.
Progress for the complete fiscal 12 months was pushed by double-digit development in all segments apart from Efficiency, which noticed a 7% YoY decline to $22.8 million (see beneath).
Recorded Music
In Reservoir’s Recorded Music phase, in calendar Q1, revenues elevated 7% YoYto succeed in $12 million.
Recorded Music Income in Reservoir’s FY fiscal 2025 was $44.3 million, a rise of 4% YoY in comparison with $42.4 million within the prior 12 months.
In accordance with Reservoir, Progress in each durations was pushed by a “double-digit enchancment inside Digital income as the worldwide development of music streaming continues”.
When it comes to steerage, Reservoir’s forecast for the corporate’s fiscal 2026 ending March 31, 2026, embody FY revenues of between $164 million and $169 million.
Reservoir additionally forecasts adjusted EBITDA of between $68 million and $72 million.
“We consider fiscal 12 months 2026 might be one other 12 months of development for Reservoir, with 5% anticipated for Income and 6% development anticipated for Adjusted EBITDA on the mid-point of our offered steerage vary.”
Jim Heindlmeyer, Reservoir
Jim Heindlmeyer, Chief Monetary Officer of Reservoir, mentioned: “The 2025 fiscal 12 months was one other file efficiency for Reservoir.
“We continued to reap the advantages of our strong funding technique, sustainably rising our catalog, and additional driving development by way of our price enhancement practices.
“We consider fiscal 12 months 2026 might be one other 12 months of development for Reservoir, with 5% anticipated for Income and 6% development anticipated for Adjusted EBITDA on the mid-point of our offered steerage vary.”Music Enterprise Worldwide
