Reservoir posts $45.6m in revenues for calendar This fall, up 8% YoY; confirms offers with Gladys Knight and T.I.
Reservoir Media has revealed its monetary outcomes for the three months ended December 31, 2025 – the corporate’s fiscal Q3 2026 (calendar This fall 2025).
The New York-headquartered music firm generated $45.6 million within the quarter, representing 8% YoY progress, or 5% organically excluding acquisitions.
The corporate’s income progress was propelled by a 12% YoY rise in music publishing income and an 8% YoY improve in recorded music income.
Working earnings reached $10.3 million, up 8% YoY, whereas OIBDA (Working Earnings Earlier than Depreciation and Amortization) climbed 11% YoY to $18.1 million.
Adjusted EBITDA (Earnings Earlier than Curiosity, Taxes, Depreciation, and Amortization) grew 11% YoY to $19.2 million (see beneath).
Music Publishing
Reservoir’s music publishing phase generated $30.1 million in Calendar This fall, up 12% YoY, with OIBDA growing 21% YoY to $11 million.
Digital income climbed 5% YoY to $17.4 million, whereas efficiency income surged 42% to $6.2 million.
Synchronization income elevated 11% YoY to $4.6 million, and mechanical income decreased 37% YoY to $0.6 million.
Recorded Music
Reservoir’s recorded music division generated $12.9 million in income, a rise of 8% YoY. OIBDA for the phase grew 5% YoY to $6.7 million.
Digital income within the recorded music phase elevated 15% YoY to $9.3 million, pushed by catalog acquisitions and continued progress at streaming companies.
Bodily income declined 6% YoY to $1.9 million, whereas neighboring rights income grew 29% YoY to $1.1 million. Synchronization income fell 47% YoY to $0.5 million.
The quarter noticed Reservoir strike offers with R&B legend Gladys Knight and hip-hop star T.I.
“This quarter was additionally marked by new partnerships with two music icons, R&B legend Gladys Knight, and Hip-Hop icon, T.I.,” confirmed CEO Golnar Khosrowshahi on the corporate’s earnings name.
Added Khosrowshahi: “The settlement with Gladys Knight contains rights to her earnings streams throughout each publishing and grasp recording catalogs.
“The take care of T.I. will see Reservoir work with the acclaimed rap celebrity throughout his total publishing again catalog and future works in addition to choose recorded music pursuits, together with grasp recordings, artist royalties and neighboring rights.
“These agreements mark our workforce’s confirmed capacity to construction and execute distinctive versatile offers with legendary expertise and additional construct our portfolio of evergreen hits which can be accretive to the portfolio as an entire.”
Elsewhere in calendar This fall, Reservoir additionally acquired the catalog of yacht rock icon and singer-songwriter Bertie Higgins, together with publishing and recorded music rights.
Reservoir additionally stated that it continues to prioritize rising markets, the place Khosrowshahi stated acquisition multiples stay “favorable” and streaming progress charges “outpace” the US and Europe.
Latest strikes embrace a three way partnership with Jamaican dancehall writer Abood Music and style star Cordell “Skatta” Burrell to accumulate catalogs and develop Jamaican creators; and the extension of DIVINE’s publishing deal via Reservoir’s Indian subsidiary, PopIndia.
Moreover, the corporate introduced publishing offers with female-led disco-soul group Say She She, 2x-Platinum promoting nation and pop songwriter Allison Veltz Cruz, and multi-genre songwriter-producer Britten Newbill.
“This quarter, we continued to execute with focus and self-discipline, advancing our top-line aims whereas sustaining sturdy price and steadiness sheet management,” stated Golnar Khosrowshahi, Founder and CEO.
“Throughout a spread of recent offers this quarter, spanning rising expertise and enduring cultural icons, and with our dedication to creators on the forefront of all the pieces we do, Reservoir stays a trusted world companion.”
Golnar Khosrowshahi
Added Khosrowshahi: “Our sturdy, diversified pipeline positions us nicely to proceed to execute on transactions whereas delivering engaging returns.”
Primarily based on its nine-month efficiency, Reservoir raised its fiscal 2026 steering.
The corporate now expects income of $170 million-$173 million, representing 8% progress on the midpoint.
Adjusted EBITDA steering was raised to $71.5 million-$73.5 million, representing 10% progress on the midpoint.
“We’re elevating our steering ranges for each income and adjusted EBITDA for the total 2026 fiscal yr.”
Jim Heindlmeyer, Reservoir
Jim Heindlmeyer, Chief Monetary Officer of Reservoir, stated: “Our monetary outcomes via the primary three fiscal quarters underscore the power of our portfolio of expertise and our disciplined strategy to sourcing offers with sturdy fundamentals and compelling return potential.
“We’re elevating our steering ranges for each income and adjusted EBITDA for the total 2026 fiscal yr.”
Music Enterprise Worldwide
