Earnings ·
Reservoir Media reported first quarter fiscal 2027 results for the period ended June 30, 2026, with total revenue…
RSVRReservoir Media, Inc.
Reservoir Media reported first quarter fiscal 2027 results for the period ended June 30, 2026, with total revenue increasing 12% to $41.5 million, driven by a 6% rise in Music Publishing and a 35% surge in Recorded Music. Operating income remained flat at $5.4 million, while OIBDA grew 7% to $13.7 million and Adjusted EBITDA increased 13% to $15.7 million. The company reported a net loss of $0.5 million, or $0.00 per share, compared to a $0.6 million loss in the prior year period. Reservoir reiterated its full-year fiscal 2027 guidance, projecting revenue between $186 million and $191 million and Adjusted EBITDA between $75 million and $79 million. The company also announced strategic partnerships in Latin music, including acquisitions from Nacional Records and TU Publishing, as well as deals with T.I. and Some Action. Reservoir Media operates as an independent music company managing copyrights and master recordings.