Filing Flows › Reservoir Media (RSVR) › Q2 FY27 › vs Q2 FY26
Reservoir Media (RSVR) Q2 FY27 vs Q2 FY26 (year over year)
Reservoir Media's revenue rose $4.5M (+10%) from $45.4M in Q2 FY26 to $49.9M in Q2 FY27. The biggest changes: Music Publishing +$2.4M (+8%); Recorded Music +$2.4M (+18%); Other revenue −$267K (-17%). Operating margin 24.6% against 23.5% (+1.0 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 Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Operating margin | 24.6% | 23.5% | +1.0 pts |
| Net margin | 9.5% | 5.0% | +4.5 pts |
| Free cash flow margin | 45.9% | 42.2% | +3.7 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Music Publishing | $33.2M | $30.9M | $2.4M | +8% |
| Recorded Music | $15.4M | $13.0M | $2.4M | +18% |
| Other revenue | $1.3M | $1.6M | −$267K | -17% |
| Revenue | $49.9M | $45.4M | $4.5M | +10% |
| Operating profit | $12.3M | $10.7M | $1.6M | +15% |
| Costs & expenses | $37.6M | $34.7M | $2.9M | +8% |
| Pre-tax earnings | $6.1M | $3.2M | $2.9M | +92% |
| Other expense, net | $6.2M | $7.5M | −$1.3M | -18% |
| Cost of revenue | $17.8M | $16.5M | $1.2M | +7% |
| General & admin | $11.4M | $10.7M | $785K | +7% |
| Other operating costs | $8.5M | $7.6M | $895K | +12% |
| Loss borne by minority interests | $93K | $54K | $39K | +73% |
| Net earnings | $4.7M | $2.3M | $2.5M | +109% |
| Income tax | $1.4M | $947K | $481K | +51% |
| Depreciation & amortization | $8.5M | $7.6M | $895K | +12% |
| Share-based compensation | $1.2M | $1.1M | $52K | +5% |
| Working capital & other | $8.6M | $8.4M | $264K | +3% |
| Operating cash flow | $23.0M | $19.3M | $3.7M | +19% |
| Free cash flow (OCF − capex) | $22.9M | $19.2M | $3.7M | +19% |
| Capital expenditures | $81K | $126K | −$45K | -36% |
Questions
How much did Reservoir Media's revenue grow year over year in Q2 FY27?
Reservoir Media's revenue rose $4.5M (+10%) from $45.4M in Q2 FY26 to $49.9M in Q2 FY27.
What drove Reservoir Media's revenue change in Q2 FY27?
Music Publishing +$2.4M (+8%); Recorded Music +$2.4M (+18%); Other revenue −$267K (-17%).