Filing Flows › Comparisons › LLYVA vs RSVR
Liberty Live Holdings vs Reservoir Media: LLYVA and RSVR compared
Liberty Live Holdings is the larger company: $106M of revenue in its latest quarter (Q3 2026) against $49.9M for Reservoir Media (Q2 FY27). Liberty Live Holdings is growing faster (+72% against +10% a year earlier). Reservoir Media is more profitable, with an operating margin of 24.6% against -11.0%.
Where the money goes: LLYVA and RSVR
Liberty Live Holdings (LLYVA) · Q3 2026
Liberty Live Holdings, Q3 2026: revenue $106M (+72% year over year), operating margin -11.0%, net earnings $334M, operating cash flow −$18.0M. The chart follows the revenue to costs, profit and cash.
Reservoir Media (RSVR) · Q2 FY27
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 follows the revenue to costs, profit and cash.
| Liberty Live Holdings (LLYVA) | Reservoir Media (RSVR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $106M | $49.9M |
| Revenue growth, Y/Y | +72% | +10% |
| Operating margin | -11.0% | 24.6% |
| Net earnings | $334M | $4.7M |
| Net margin | 315.2% | 9.5% |
| Operating cash flow | −$18.0M | $23.0M |
| Free cash flow | — | $22.9M |
| Market value | $9.5B | — |
Where the revenue comes from
Reservoir Media
- Music Publishing: $33.2M (67%)
- Recorded Music: $15.4M (31%)
- Other revenue: $1.3M (3%)
Questions
Which is bigger, Liberty Live Holdings or Reservoir Media?
Liberty Live Holdings is the larger company: $106M of revenue in its latest quarter (Q3 2026) against $49.9M for Reservoir Media (Q2 FY27).
Is Liberty Live Holdings or Reservoir Media growing faster?
Liberty Live Holdings is growing faster (+72% against +10% a year earlier).
Which is more profitable, Liberty Live Holdings or Reservoir Media?
Reservoir Media is more profitable, with an operating margin of 24.6% against -11.0%.
More: Liberty Live Holdings earnings · how Liberty Live Holdings makes money · Reservoir Media earnings · how Reservoir Media makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.