Reservoir Media Q2 revenue rises on recorded music growth, outlook raised
RSVR•Reservoir Media’s fiscal Q2 revenue rose 10% year over year to $49.90 million, while adjusted EPS increased to $0.07 from $0.03. The company raised its fiscal 2027 revenue outlook to $188 million-$192 million and adjusted EBITDA forecast to $77 million-$80 million.
1. Quarterly results
Reservoir Media reported fiscal Q2 revenue of $49.90 million, up 10% year over year and above the $48.70 million consensus estimate. Adjusted EPS rose to $0.07 from $0.03 a year earlier, and net income was $4.60 million.
2. Outlook raised
The company raised its fiscal 2027 revenue outlook to $188 million-$192 million and its adjusted EBITDA forecast to $77 million-$80 million.
3. Revenue drivers
Recorded music revenue increased 18% year over year, driven by digital growth and higher neighboring rights revenue from catalog acquisitions and new affiliations. Music publishing revenue rose 8%, mainly due to digital growth, streaming services and synchronization revenue from license timing.
