| Schedule of total revenue and reconciliation of OIBDA to operating income by segment |
| | | | | | | | | | | | Fiscal Year Ended March 31, 2026 | | | Music | | Recorded | | | | | | Publishing | | Music | | Consolidated | Reportable segment revenue | | $ | 116,802,517 | | $ | 51,513,786 | | $ | 168,316,303 | Other revenue(a) | | | | | | | | | 7,348,188 | Consolidated revenue | | | | | | | | $ | 175,664,491 | Significant segment expenses: | | | | | | | | | | Cost of revenue | | | 48,469,900 | | | 13,521,331 | | | | Administration expenses | | | 27,444,909 | | | 11,129,071 | | | | Reportable segment OIBDA | | $ | 40,887,708 | | $ | 26,863,384 | | | 67,751,092 | Other profit(a) | | | | | | | | | 1,262,734 | Amortization and depreciation | | | | | | | | | (30,783,011) | Interest expense | | | | | | | | | (26,451,641) | Gain on foreign exchange | | | | | | | | | 230,549 | Loss on fair value of swaps | | | | | | | | | (350,960) | Other expense, net | | | | | | | | | (504,221) | Income before income taxes | | | | | | | | $ | 11,154,542 |
| | | | | | | | | | | | Fiscal Year Ended March 31, 2025 | | | Music | | Recorded | | | | | | Publishing | | Music | | Consolidated | Reportable segment revenue | | $ | 107,412,230 | | $ | 44,250,181 | | $ | 151,662,411 | Other revenue(a) | | | | | | | | | 7,043,325 | Consolidated revenue | | | | | | | | $ | 158,705,736 | Significant segment expenses: | | | | | | | | | | Cost of revenue | | | 45,161,223 | | | 12,268,782 | | | | Administration expenses | | | 24,906,776 | | | 9,231,858 | | | | Reportable segment OIBDA | | $ | 37,344,231 | | $ | 22,749,541 | | | 60,093,772 | Other profit(a) | | | | | | | | | 1,266,495 | Amortization and depreciation | | | | | | | | | (26,299,233) | Interest expense | | | | | | | | | (21,883,321) | Gain on foreign exchange | | | | | | | | | 578,251 | Loss on fair value of swaps | | | | | | | | | (4,213,819) | Other income, net | | | | | | | | | 329,976 | Income before income taxes | | | | | | | | $ | 9,872,121 |
(a)Other revenue and other profit relate to the Company’s artist management operating segment, which does not meet the quantitative thresholds for determining reportable segments in any period presented.
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