Reservoir Media reported second quarter fiscal 2027 results that significantly exceeded analyst expectations, driven by double-digit growth in recorded music and strong digital streaming performance. Based on the robust first-half execution, management raised its full-year revenue and Adjusted EBITDA guidance ranges.
Key Highlights
- Total revenue increased 10% year-over-year to $49.9 million, significantly outperforming the consensus estimate of $42.4 million.
- Music Publishing revenue grew 8% to $33.2 million, supported by catalog acquisitions and continued growth in streaming services.
- Recorded Music revenue surged 18% to $15.4 million, while segment OIBDA margins expanded to 54% from 51% in the prior year.
- Net income attributable to the company rose 110% to $4.7 million, or $0.07 per diluted share, beating the $0.04 estimate.