Reservoir Media Raises Fiscal 2027 Revenue Guidance Following Strong Q2 Results
Reservoir Media (RSVR) has raised its fiscal 2027 revenue guidance to a range of $188 million to $192 million following a robust second quarter. The company reported total revenue of $49.9 million, representing a 10% year-over-year increase driven by organic sales growth and strategic catalog acquisitions. Notably, the Recorded Music segment saw an 18% revenue surge during the period. Management is focusing on long-term value through three primary pillars: expanding asset monetization via Name, Image, and Likeness (NIL) rights, maintaining disciplined acquisition pricing despite market volatility, and aggressively pursuing legal action against unauthorized AI use of copyrighted music. The company expects continued operational cash flow growth driven by rising streaming prices and steady catalog usage.
Topics: catalog acquisitions earnings report music publishing revenue guidance
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