Reservoir Media
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Reservoir Media (RSVR) investor relations material

Reservoir Media Q2 2027 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2027 earnings summary4 Nov, 2026

Executive summary

  • Q2 FY27 revenue rose 10% YoY to $49.9M, including 4% organic growth; Music Publishing and Recorded Music revenue increased 8% and 18%, respectively.

  • Net income was $4.6M vs. $2.2M; Adjusted EBITDA increased 14% to $22.1M.

  • FY27 revenue and Adjusted EBITDA guidance ranges were raised and narrowed following strong first-half performance.

  • Catalog acquisitions, creator partnerships, roster signings and NIL rights opportunities advanced the catalog and talent strategy.

Financial highlights

  • Q2 revenue was $49.9M vs. $45.4M; operating income rose 15% to $12.3M.

  • OIBDA increased 14% to $20.7M from $18.2M; Adjusted EBITDA rose 14% to $22.1M from $19.4M.

  • Net income was $4.6M vs. $2.2M; diluted EPS was $0.07 vs. $0.03.

  • H1 revenue rose 11% to $91.4M; operating income was $17.6M and Adjusted EBITDA was $37.8M.

  • Q2 cost of revenue, administration expense, and amortization and depreciation increased 7%, 7%, and 12% YoY; higher amortization reflected catalog acquisitions.

Outlook and guidance

  • FY27 revenue guidance was raised and narrowed to $188M–$192M, implying 8% growth at the midpoint.

  • FY27 Adjusted EBITDA guidance was raised and narrowed to $77M–$80M, implying 7% growth at the midpoint.

  • Strong first-half results, diversified catalog growth, disciplined investment and cost management supported the higher outlook; Q2 administration expense run rate is expected to remain broadly steady in Q3 and Q4.

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Frequently asked questions

Reservoir Media Inc is an independent music company that owns and manages music copyrights and sound recordings. The company provides music publishing, recording, and artist representation services across multiple genres. It is headquartered in New York, New York, and its shares are listed on the NASDAQ.