Reservoir Media, Inc. announced its financial results for the fourth quarter and full fiscal year 2025, ended March 31, 2025. For the full year, total revenue increased 10% to $158.7 million, with 7% organic growth, driven by a 12% rise in Music Publishing revenue and a 4% increase in Recorded Music revenue.
The company achieved significant profitability improvements for fiscal year 2025, with Operating Income increasing 43% to $35.1 million and Adjusted EBITDA growing 18% to $65.7 million. Net income for the full year was $7.7 million, or $0.12 per diluted share, an increase of $0.11 per share compared to the prior year.
For the fourth quarter, revenue was $41.42 million, compared to $39.15 million a year ago, while net income was $2.67 million, compared to $2.8 million in the prior year. Diluted earnings per share for the quarter remained stable at $0.04.
Looking ahead, Reservoir Media provided its fiscal year 2026 guidance, projecting revenue in the range of $164 million to $169 million and Adjusted EBITDA between $68 million and $72 million. This guidance implies mid-single-digit growth for both top and bottom lines, reflecting management's prudent approach.
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