Top Line Growth
Reservoir Media reported a 12% increase in revenue for Q2 fiscal 2026, with 7% organic growth and 5% from acquisitions.
Significant Catalog Acquisitions
The company acquired the catalog of iconic musician Miles Davis, including publishing rights, recorded music, and likeness rights, with plans to enhance the catalog's value.
Expansion in Emerging Markets
Reservoir Media expanded its presence in the MENA region with new deals in Iraq and Kuwait, marking their first catalogs in these countries.
Strong Recorded Music Segment
Recorded music segment revenue grew by 21%, driven by a 20% increase in digital revenue and growth in music streaming services.
Increased Guidance
The company increased its full-year revenue guidance range to $167 million to $170 million, implying a 6% growth over fiscal 2025.