Reservoir Media — Second Quarter Fiscal 2027 Earnings Summary

Reservoir Media reported second-quarter fiscal 2027 revenue of $49.9 million, representing a 10% increase year-over-year driven by growth in both its recorded music and music publishing segments. The company achieved an operating income of $12.3 million and an adjusted EBITDA of $22.1 million, while net income rose to $4.6 million. Strategic acquisitions included the recorded music catalog of José Feliciano and the publishing catalog of Billy Strayhorn, alongside new deals with several songwriters. Consequently, Reservoir raised its full-year fiscal 2027 outlook, projecting revenue between $188 million and $192 million and adjusted EBITDA between $77 million and $80 million.