Reservoir Media Reports Q2 Revenue Growth and Significant Net Income Increase
Reservoir Media (RSVR) reported second-quarter financial results featuring a 9.8% year-over-year increase in revenue, reaching $49.91 million. The company saw a substantial surge in profitability, with net income climbing 110% to $4.63 million compared to $2.20 million in the same quarter last year. Adjusted EBITDA also showed strength, rising 14% to $22.08 million. Driven by these results, management has raised its full-year FY27 outlook. The company now projects annual revenue between $188 million and $192 million, with adjusted EBITDA expected to fall within the range of $77 million to $80 million.
Topics: earnings report guidance upgrade net income revenue growth
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