Reservoir Media, Inc. (NASDAQ: RSVR) recently announced its financial results for the fourth quarter and full year for fiscal 2025 ended March 31, 2025. The company reported a total revenue of $158.7 million, reflecting a 7% organic increase year-over-year, or 10% including acquisitions. Music publishing revenue increased by 12% year-over-year, while recorded music revenue increased by 4% year-over-year.
In the fourth quarter of 2025, Reservoir Media reported a revenue of $41.4 million, representing a 4% organic increase year-over-year, or 6% including acquisitions. The company's operating income for the same period was $10.4 million, marking a 19% increase year-over-year. Additionally, Reservoir Media reported an OIBDA of $17.2 million, reflecting a 14% increase year-over-year, and an adjusted EBITDA of $18.2 million, up 14% year-over-year.
For the fiscal year 2025, Reservoir Media's operating income was $35.1 million, an increase of 43% year-over-year, while OIBDA stood at $61.4 million, indicating a 24% increase year-over-year. The adjusted EBITDA for the fiscal year was $65.7 million, up 18% year-over-year. The net income for fiscal year 2025 was $7.7 million, or $0.12 per diluted share, representing an increase of 11 cents over the prior year period.
Reservoir Media also made significant strategic moves during the year, including signing publishing deals with artists such as Snoop Dogg and K.D. Lang, as well as acquiring the publishing catalogs of Lastrada Entertainment, Big D Evans, and Billy Strange. Furthermore, the company expanded its recorded music business with the acquisition of U.K. dance and electronic label New State and launched Off Road Records in partnership with hit country writer-producer David Fanning.
Looking ahead, Reservoir initiated its financial outlook range for fiscal year 2026, expecting the financial results for the year ending March 31, 2026, to be as follows: revenue in the range of $164 million to $169 million, reflecting a 5% growth, and adjusted EBITDA in the range of $68 million to $72 million, indicating a 6% growth at the mid-point of the provided guidance range.
Reservoir Media's management expressed confidence in the company's performance and growth prospects, highlighting its robust investment strategy and sustainable growth of its catalog. The company's achievements in fiscal year 2025 and its outlook for fiscal year 2026 demonstrate its commitment to expanding its portfolio and geographic footprint, as well as its continued focus on identifying high-quality assets with significant return potential.
Reservoir Media, founded in 2007, is an independent music company based in New York City with offices in Los Angeles, Nashville, Toronto, London, Abu Dhabi, and Mumbai. It represents copyrights and master recordings, including titles dating as far back as 1900 and hundreds of #1 releases worldwide. Reservoir Media frequently holds a top 10 U.S. market share, as per Billboard's Publishers Quarterly, and has received accolades such as being named publisher of the year by Music Business Worldwide's The A&R Awards. The market has reacted to these announcements by moving the company's shares -2.37% to a price of $7.615. For the full picture, make sure to review Reservoir Media's 8-K report.
