Filing Flows › Reservoir Media (RSVR) › Q2 FY27 › vs Q1 FY27
Reservoir Media (RSVR) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Reservoir Media's revenue rose $8.4M (+20%) from $41.5M in Q1 FY27 to $49.9M in Q2 FY27. The biggest changes: Music Publishing +$6.7M (+25%); Recorded Music +$1.3M (+9%); Other revenue +$442K (+51%). Operating margin 24.6% against 13.0% (+11.6 pts).
Reservoir Media, Q2 FY27: revenue $49.9M (+10% year over year), operating margin 24.6%, net earnings $4.7M, operating cash flow $23.0M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Operating margin | 24.6% | 13.0% | +11.6 pts |
| Net margin | 9.5% | -0.2% | +9.7 pts |
| Free cash flow margin | 45.9% | -3.6% | +49.5 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Music Publishing | $33.2M | $26.5M | $6.7M | +25% |
| Recorded Music | $15.4M | $14.1M | $1.3M | +9% |
| Other revenue | $1.3M | $869K | $442K | +51% |
| Revenue | $49.9M | $41.5M | $8.4M | +20% |
| Operating profit | $12.3M | $5.4M | $6.9M | +128% |
| Costs & expenses | $37.6M | $36.1M | $1.5M | +4% |
| Pre-tax earnings | $6.1M | −$748K | $6.8M | — |
| Other expense, net | $6.2M | $6.1M | $75K | +1% |
| Cost of revenue | $17.8M | $14.8M | $3.0M | +20% |
| General & admin | $11.4M | $13.0M | −$1.6M | -12% |
| Other operating costs | $8.5M | $8.3M | $157K | +2% |
| Loss borne by minority interests | $93K | $415K | −$322K | -78% |
| Net earnings | $4.7M | −$93K | $4.8M | — |
| Income tax | $1.4M | −$239K | $1.7M | — |
| Depreciation & amortization | $8.5M | $8.3M | $157K | +2% |
| Share-based compensation | $1.2M | $1.8M | −$655K | -36% |
| Working capital & other | $8.6M | −$11.4M | $20.1M | — |
| Operating cash flow | $23.0M | −$1.4M | $24.4M | — |
| Free cash flow (OCF − capex) | $22.9M | −$1.5M | $24.4M | — |
| Capital expenditures | $81K | $84K | −$3K | -4% |
Questions
How much did Reservoir Media's revenue grow quarter over quarter in Q2 FY27?
Reservoir Media's revenue rose $8.4M (+20%) from $41.5M in Q1 FY27 to $49.9M in Q2 FY27.
What drove Reservoir Media's revenue change in Q2 FY27?
Music Publishing +$6.7M (+25%); Recorded Music +$1.3M (+9%); Other revenue +$442K (+51%).