Reservoir Reports 10% Revenue Growth in Quarter

The music rights company posted $49.9 million in total revenue for the quarter ended September 30, 2026, including acquisitions.

Updated on Nov. 6, 2026 in Latin

Isometric editorial illustration of a stack of black vinyl records beside rolled blank manuscript paper on a pale wooden surface, evoking music catalog holdings. — Reservoir Media reported $49.9 million in quarterly revenue, up 10% including acquisitions, as it added José Feliciano and Billy Strayhorn catalog rights. AI Illustration. Upload story photo >

Reservoir Media reported total revenue of $49.9 million for the second quarter of fiscal 2027, up 10% year over year including acquisitions. The company also acquired rights to José Feliciano's recorded music catalog and Billy Strayhorn's publishing catalog.

Why it matters

The results reflect growth across both publishing and recorded music, with the company expanding its catalog holdings through new acquisitions. Adjusted EBITDA rose 14%, indicating improved operating performance over the period.

Music Publishing revenue reached $33.2 million, up 8%, while Recorded Music revenue rose 18% to $15.4 million, with net income of $4.6 million or $0.07 per share. Acquisition contributions to the reported growth were not separately quantified in the source data.

The players

Reservoir Media

Reservoir Media is a music rights company that owns and administers music publishing and recorded music catalogs.

The details

Publishing revenue growth was driven largely by digital and synchronization revenue. Recorded Music growth was supported by digital and neighboring-rights income tied to additional catalogs and new affiliations.

The second quarter of fiscal 2027 ended September 30, 2026.
Reservoir's relationship with the Strayhorn estate began in 2014.
Reservoir supported the Strayhorn Centennial celebration in 2015.

Catalog Economics

Growth in digital and synchronization licensing has increasingly driven returns for music publishers holding established catalogs. Reservoir's gains in both publishing and recorded music reflect that pattern of catalog monetization across streaming and media uses.

Listeners may encounter the acquired catalogs, including José Feliciano's recordings and Billy Strayhorn's compositions, across streaming platforms and licensed media. Changes in catalog ownership can affect how and where these works are licensed for use.

The takeaway

Catalog acquisitions and digital licensing continue to shape revenue for music rights companies. Readers following the business side of music can track how these deals affect the availability and use of classic recordings and compositions.