What drove RSVR's earnings surge in Q3 2025?

Reservoir Media Inc. (RSVR) experienced a notable earnings surge in Q3 2025, driven by several key factors: 1. **Revenue Growth**: The company reported a total revenue of $42.3 million for Q3 2025, marking a 19% increase year-over-year. This growth was fueled by a 16% rise in Music Publishing revenue and a 20% increase in Recorded Music revenue. 2. **Strategic Acquisitions**: Reservoir Media's proactive approach to acquisitions played a significant role in its financial success. The company acquired the publishing catalog of Lastrada Entertainment, which added high-profile assets such as Grammy-winning composer Lebo M.'s catalog and Lastrada Entertainment's 5,600 compositions. These strategic moves enriched Reservoir's catalog and contributed to its revenue growth. 3. **Organic Growth**: The company's active roster continued to expand, with notable additions like Snoop Dogg, k.d. lang, and Serban Cazan. Cazan's contributions, including the hit collaboration "Mantra" by Blackpink’s Jennie, achieved significant global success. 4. **Cost Controls**: Reservoir Media demonstrated disciplined cost controls, which supported this growth and contributed to margin growth. The company's focus on prudent expense management likely enhanced profitability. 5. **Market Conditions**: Favorable market conditions and industry trends, such as the growth in streaming and the potential benefits from the Spotify-Universal deal, likely contributed to Reservoir Media's optimistic outlook and continued growth. In summary, Reservoir Media's Q3 2025 earnings surge was driven by robust revenue growth from both its Music Publishing and Recorded Music segments, strategic acquisitions, organic growth, disciplined cost controls, and favorable market conditions.