Avian interspecific brood parasitism is an excellent system for studying coevolutionary processes in nature because brood parasites directly affect host reproductive success. Most research on avian brood parasitism has, therefore, focused primarily on specific host anti-parasite behaviours and parasite counter-adaptations. However, the population-level consequences of brood parasitism for host species are poorly understood. This study investigated the effect of Common Cuckoo (Cuculus canorus) parasitism on the productivity of a local population of the Great Reed Warbler (Acrocephalus arundinaceus) host in south-western Slovakia. A total of 495 females nesting at the studied site successfully fledged 1321 of their own young and 63 young of the Common Cuckoo over the course of 15 years (2008–2022), and the annual rate of successful parasitism ranged from 18% to 44% over this period. As predicted, higher rates of successful cuckoo parasitism significantly reduced the annual productivity of the local Great Reed Warbler population, and its contribution to decreased host reproductive success was at about the same rate as overall nest failure caused by predation and other environmental factors. Such a heavily parasitized population was probably maintained by immigrants from other populations and density-dependent selection, which is also consistent with source–sink dynamics. However, further long-term studies monitoring parasitized populations are required to confirm these findings.