Reservoir Media Is Riding the Streaming Wave—But Can It Keep Growing in a Changing Music Landscape?

Reservoir Media’s third quarter fiscal year 2025 results reflect a solid performance marked by significant growth in both revenue and profitability. The company reported total revenue of $42.3 million, which signifies a 19% year over-year increase. This growth was driven primarily by a 16% rise in music publishing revenue and a 20% increase in recorded music revenue. The improvement in revenue can be attributed to several factors, including enhanced streaming service pricing, a successful royalty recovery from underreported catalog usage, and strategic acquisitions that expanded the company’s portfolio.