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How Reservoir Media (RSVR) makes money

Reservoir Media (RSVR) made $49.9M of revenue in the second quarter fiscal 2027 (Q2 FY27), +10% from a year earlier. Music Publishing brought in $33.2M (67%); Recorded Music brought in $15.4M (31%); Other revenue brought in $1.3M (3%). Of every dollar of revenue, 25¢ was left as operating profit, 9¢ was left as net earnings.

Drawing the Sankey…

Reservoir Media revenue by segment, Q2 FY27Reservoir Media revenue by segment, Q2 FY27Music Publishing$33.2MRecorded Music$15.4MOther revenue$1.3M
Reservoir Media: revenue by line, Q4 FY25 to Q2 FY27Reservoir Media: revenue by line, Q4 FY25 to Q2 FY27Music PublishingRecorded MusicOther revenueMusic Publishing: $33.2M latest$33.2MRecorded Music: $15.4M latest$15.4MOther revenue: $1.3M latestQ4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
The mix barely moved between Q4 FY25 and Q2 FY27.
Reservoir Media revenue by quarterReservoir Media revenue by quarter$41.4MQ4 FY25$37.2MQ1 FY26$45.4MQ2 FY26$45.6MQ3 FY26$47.5MQ4 FY26$41.5MQ1 FY27$49.9MQ2 FY27
Reservoir Media: where each dollar of revenue goesReservoir Media: where each dollar of revenue goesOperating profit25¢Income tax3¢Net earnings9¢Operating cash flow46¢Free cash flow46¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Music Publishing$33.2M66.6%+25%+8%
Recorded Music$15.4M30.8%+9%+18%
Other revenue$1.3M2.6%+51%-17%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$49.9M100.0%
Operating profit$12.3M24.6%
Income tax$1.4M2.9%
Net earnings$4.7M9.5%
Operating cash flow$23.0M46.0%
Free cash flow$22.9M45.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$49.9M+10%
Q1 FY27$41.5M+12%
Q4 FY26$47.5M+15%
Q3 FY26$45.6M+8%
Q2 FY26$45.4M+12%
Q1 FY26$37.2M+8%
Q4 FY25$41.4M+6%

From Reservoir Media's 10-Q filed Nov 4, 2026 (on EDGAR).

Questions

How does Reservoir Media make money?

Reservoir Media (RSVR) made $49.9M of revenue in the second quarter fiscal 2027 (Q2 FY27), +10% from a year earlier. Music Publishing brought in $33.2M (67%); Recorded Music brought in $15.4M (31%); Other revenue brought in $1.3M (3%). Of every dollar of revenue, 25¢ was left as operating profit, 9¢ was left as net earnings.

What is Reservoir Media's biggest business?

Music Publishing: $33.2M in the second quarter fiscal 2027, 67% of revenue, +8% from a year earlier.

What is Reservoir Media's profit margin?

Net earnings were $4.7M, 9.5% of revenue, in the second quarter fiscal 2027; the operating margin was 24.6%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.