Reservoir Media announced its financial results for the fourth quarter and full fiscal year 2025, reporting a 10% increase in total revenue to $158.7 million for the full year. This growth was primarily led by the Music Publishing segment, which saw revenues rise 12% to $107.4 million. Recorded Music revenues increased 4% to $44.3 million, and other revenue grew 12% to $7.0 million.
The company achieved an 18% increase in Adjusted EBITDA to $65.7 million for fiscal year 2025, with the Adjusted EBITDA margin expanding to 39% from 34% in fiscal year 2024. Operating income also saw a significant 43% increase to $35.1 million. These figures demonstrate improved operating leverage and strong cost control.
Cash provided by operating activities increased to $45.3 million, while cash used in investing activities rose to $96.7 million, reflecting increased spending on catalog acquisitions. For fiscal year 2026, Reservoir Media provided guidance projecting revenues in the range of $164 million to $169 million and Adjusted EBITDA between $68 million and $72 million. This outlook anticipates mid-single-digit top and bottom-line growth.
The company's performance was driven by continued expansion of its portfolio across genres and geographies, alongside organic growth from its existing catalog. Strategic investments in emerging markets and value enhancement capabilities contributed to these results. Reservoir Media's M&A pipeline remains robust, with over $1 billion in opportunities under consideration.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.