Reservoir Media posts 10% Q2 FY2027 revenue growth and raises FY2027 outlook
Reservoir Media reported second‑quarter fiscal 2027 revenue of $49.9 million, a 10% year‑over‑year increase, and net income of $4.6 million. Operating income rose 15% to $12.3 million and Adjusted EBITDA grew 14% to $22.1 million. The company announced new catalog acquisitions and publishing deals, and lifted its full‑year 2027 revenue guidance to $188 million‑$192 million and Adjusted EBITDA guidance to $77 million‑$80 million.
Why it matters
The raised FY2027 guidance signals higher expected cash flow and profitability, which could support a higher valuation for RSVR shareholders (the company said the outlook was raised in its press release).
Key facts
- 1Revenue was $49.9 million, up 10% year‑over‑year (including acquisitions) and 4% organically. prnewswire.com
- 2Music Publishing revenue was $33.2 million, an 8% increase year‑over‑year. prnewswire.com
- 3Recorded Music revenue was $15.4 million, an 18% increase year‑over‑year. prnewswire.com
- 4Operating income was $12.3 million, up 15% year‑over‑year. prnewswire.com
- 5Net income was $4.6 million, or $0.07 per share, versus $2.2 million, $0.03 per share, in the prior‑year quarter. prnewswire.com
- 6Adjusted EBITDA was $22.1 million, up 14% year‑over‑year. prnewswire.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.