Earnings Releases·Nov 4, 2026, 8:00 AM ET

Reservoir Media — Second Quarter Fiscal 2027 Earnings Summary

Total revenue grew 10% YoY to $49.9 million (organic growth 4%), with Net income doubling to $4.6 million ($0.07/share) and Adjusted EBITDA rising 14% YoY to $22.1 million.
Fiscal 2027 guidance was raised and narrowed to revenue of $188–$192 million and Adjusted EBITDA of $77–$80 million, reflecting confidence in consistent growth and disciplined cost management.
Strategic acquisitions included the recorded music catalog of José Feliciano and the publishing catalog of Billy Strayhorn, alongside new deals with Jake Sinclair and other songwriters.
Liquidity remains strong at $113.9 million ($24.8 million cash plus $89.2 million available under the revolving credit facility), though operating cash flow decreased $3.7 million YoY to $21.6 million for the first half of the year.